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REGISTERED NUMBER: 10650172 (England and Wales)















INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED (REGISTERED NUMBER: 10650172)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs N M van der Drift
ACM Sir M GraydonGCB CBW FRAeS
AVM (Ret) P A Robinson OBE FRAeS





REGISTERED OFFICE: International Bomber Command Memorial
Canwick Avenue
Lincoln
Lincolnshire
LN4 2HQ





REGISTERED NUMBER: 10650172 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED (REGISTERED NUMBER: 10650172)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,024 2,508

CURRENT ASSETS
Stocks 46,487 40,524
Debtors 5 8,616 12,904
Cash at bank and in hand 20,701 31,927
75,804 85,355
CREDITORS
Amounts falling due within one year 6 77,728 87,763
NET CURRENT LIABILITIES (1,924 ) (2,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100 100

CAPITAL AND RESERVES
Called up share capital 7 100 100
SHAREHOLDERS' FUNDS 100 100

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 3 November 2023 and were signed on its behalf by:





Mrs N M van der Drift - Director


INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED (REGISTERED NUMBER: 10650172)

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

1. STATUTORY INFORMATION

International Bomber Command Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

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.
Plant and machinery etc - 33% on cost and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 19 ) .

INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED (REGISTERED NUMBER: 10650172)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 10,988
Additions 940
At 31 March 2023 11,928
DEPRECIATION
At 1 April 2022 8,480
Charge for year 1,424
At 31 March 2023 9,904
NET BOOK VALUE
At 31 March 2023 2,024
At 31 March 2022 2,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,808 9,165
Other debtors 3,808 3,739
8,616 12,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,591 10,397
Amounts owed to group undertakings 19,654 42,025
Taxation and social security 23,110 12,470
Other creditors 16,373 22,871
77,728 87,763

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Alistair Main FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

INTERNATIONAL BOMBER COMMAND CENTRE
LIMITED (REGISTERED NUMBER: 10650172)

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

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Lincolnshire Bomber Command Memorial, a charitable company limited by guarantee. The registered office is Lincolnshire Bomber Command Memorial, Canwick Avenue, Lincoln, Lincolnshire, England, LN4 2HQ.