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REGISTERED NUMBER: 02802232 (England and Wales)












YMCA TRADING COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






YMCA TRADING COMPANY LTD (REGISTERED NUMBER: 02802232)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YMCA TRADING COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I M Sackree
J Henwood



REGISTERED OFFICE: St Rumbolds Street
Lincoln
Lincolnshire
LN2 5AR



REGISTERED NUMBER: 02802232 (England and Wales)



SENIOR STATUTORY AUDITOR: Mrs Nicola Michelle Lenton FCCA



AUDITORS: Dexter & Sharpe Audit Services Ltd
(Statutory Auditor)
Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

YMCA TRADING COMPANY LTD (REGISTERED NUMBER: 02802232)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,749 3,582

CURRENT ASSETS
Stocks 5,339 -
Debtors 4 42,777 25,982
Cash at bank 66,901 28,551
115,017 54,533
CREDITORS
Amounts falling due within one year 5 104,480 63,168
NET CURRENT ASSETS/(LIABILITIES) 10,537 (8,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,286

(5,053

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,285 (5,054 )
13,286 (5,053 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





I M Sackree - Director


YMCA TRADING COMPANY LTD (REGISTERED NUMBER: 02802232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Government grants
Grants relating to the Coronavirus Job Retention Scheme are recognised in full in the period in which the associated salary, national insurance and pension costs were incurred.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

YMCA TRADING COMPANY LTD (REGISTERED NUMBER: 02802232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 4,164
DEPRECIATION
At 1 April 2022 582
Charge for year 833
At 31 March 2023 1,415
NET BOOK VALUE
At 31 March 2023 2,749
At 31 March 2022 3,582

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,777 25,982

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,394 3,862
Amounts owed to group undertakings 59,482 52,325
Taxation and social security 31,164 6,259
Other creditors 8,440 722
104,480 63,168

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Nicola Michelle Lenton FCCA (Senior Statutory Auditor)
for and on behalf of Dexter & Sharpe Audit Services Ltd

7. ULTIMATE CONTROLLING PARTY

The controlling party is Lincolnshire YMCA Limited.

The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Lincolnshire YMCA Limited. Consolidated accounts are available.

In the opinion of the directors, Lincolnshire YMCA Limited is the ultimate controlling party.