Company registration number 13326597 (England and Wales)
CALDERDALE LMC LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
CALDERDALE LMC LIMITED
CONTENTS
Page
Statement of comprehensive income
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CALDERDALE LMC LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
-
0
32,260
Cash at bank and in hand
983,063
986,986
983,063
1,019,246
Creditors: amounts falling due within one year
5
(942,384)
(951,079)
Net current assets
40,679
68,167
Reserves
Income and expenditure account
40,679
68,167
Members' funds
40,679
68,167

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 18 October 2023 and are signed on its behalf by:
Dr Sangeetha Ganeshamoorthy
Dr Sajid Rehman Khan
Director
Director
Company Registration No. 13326597
CALDERDALE LMC LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
Income and expenditure
£
Balance at 9 April 2021
104,699
Year ended 31 March 2022:
Loss and total comprehensive income for the year
(36,532)
Balance at 31 March 2022
68,167
Year ended 31 March 2023:
Loss and total comprehensive income for the year
(27,488)
Balance at 31 March 2023
40,679
CALDERDALE LMC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Calderdale LMC Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 20 Owl Lane, Dewsbury, West Yorkshire, WF12 7RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CALDERDALE LMC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Share-based payments

For cash-settled share-based payments, a liability is recognised for the goods and services acquired, measured initially at the fair value of the liability. At the balance sheet date until the liability is settled, and at the date of settlement, the fair value of the liability is remeasured, with any changes in fair value recognised in profit or loss for the year.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CALDERDALE LMC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
13
11
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
-
0
32,260
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
2,282
5,504
Other creditors
933,523
913,250
Accruals and deferred income
6,579
32,325
942,384
951,079
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2023-03-312022-04-01false18 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityDr Geethamani ChandrasekaranDr Sangeetha GaneshamoorthyDr Sajid Rehman KhanDr Dinesh Paramasivam KumarDr Richard Yeow LohDr Seema NagpaulDr Jonathan RingDr Michaela Anne Swingler133265972022-04-012023-03-31133265972023-03-31133265972022-03-3113326597core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113326597core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3113326597core:CurrentFinancialInstruments2023-03-3113326597core:CurrentFinancialInstruments2022-03-3113326597core:RetainedEarningsAccumulatedLosses2023-03-3113326597core:RetainedEarningsAccumulatedLosses2022-03-3113326597core:RetainedEarningsAccumulatedLosses2021-04-0813326597bus:Director22022-04-012023-03-3113326597bus:Director32022-04-012023-03-3113326597core:RetainedEarningsAccumulatedLosses2021-04-092022-03-3113326597core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31133265972021-04-092022-03-3113326597bus:CompanyLimitedByGuarantee2022-04-012023-03-3113326597bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3113326597bus:FRS1022022-04-012023-03-3113326597bus:AuditExemptWithAccountantsReport2022-04-012023-03-3113326597bus:Director12022-04-012023-03-3113326597bus:Director42022-04-012023-03-3113326597bus:Director52022-04-012023-03-3113326597bus:Director62022-04-012023-03-3113326597bus:Director72022-04-012023-03-3113326597bus:Director82022-04-012023-03-3113326597bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP