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Registration number: 02131188

Hay-on-Wye Tourist Bureau (A company limited by guarantee)

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2023

 

Hay-on-Wye Tourist Bureau

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 6

 

Hay-on-Wye Tourist Bureau

Company Information

Directors

Mr J E Evans

Mr L S Skinner

Mr W G Morgans

Mrs K C Corrigan

Mrs B Holmes

Ms K J Armstrong

Company secretary

Mr J E Evans

Registered office

Chapel Cottage
Oxford Road
Hay-on-Wye
Hereford
HR3 5DG

 

Bankers

Barclays Bank plc
1-3 Broad Street
Hereford
HR4 9BH

Accountants

WJ James & Co
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Hay-on-Wye Tourist Bureau

(Registration number: 02131188)

Balance Sheet
as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

109

145

Current assets

 

Stocks

2,170

1,745

Debtors

5

6,990

1,840

Cash at bank and in hand

 

13,085

15,902

 

22,245

19,487

Creditors: Amounts falling due within one year

6

(600)

(522)

Net current assets

 

21,645

18,965

Net assets

 

21,754

19,110

Capital and reserves

 

Profit and loss account

21,754

19,110

Total equity

 

21,754

19,110

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Hay-on-Wye Tourist Bureau

(Registration number: 02131188)

Balance Sheet
as at 31 March 2023

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................

Mr J E Evans

Company secretary and director

 

Hay-on-Wye Tourist Bureau

Notes to the Financial Statements
for the Year Ended 31 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Chapel Cottage
Oxford Road
Hay-on-Wye
Hereford
HR3 5DG

These financial statements were authorised for issue by the Board on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25 % on reducing balance

 

Hay-on-Wye Tourist Bureau

Notes to the Financial Statements
for the Year Ended 31 March 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost or net realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Computer equipment
 £

Total
£

Cost or valuation

At 1 April 2022

459

459

At 31 March 2023

459

459

Depreciation

At 1 April 2022

314

314

Charge for the year

36

36

At 31 March 2023

350

350

Carrying amount

At 31 March 2023

109

109

 

Hay-on-Wye Tourist Bureau

Notes to the Financial Statements
for the Year Ended 31 March 2023

Computer equipment
 £

Total
£

At 31 March 2022

145

145

5

Debtors

2023
£

2022
£

Trade debtors

6,990

1,840

6,990

1,840

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

600

522