IRIS Accounts Production v23.3.1.45 05948431 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059484312022-03-31059484312023-03-31059484312022-04-012023-03-31059484312021-03-31059484312021-04-012022-03-31059484312022-03-3105948431ns16:EnglandWales2022-04-012023-03-3105948431ns15:PoundSterling2022-04-012023-03-3105948431ns11:Director12022-04-012023-03-3105948431ns11:CompanyLimitedByGuarantee2022-04-012023-03-3105948431ns11:SmallEntities2022-04-012023-03-3105948431ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105948431ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105948431ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105948431ns11:FullAccounts2022-04-012023-03-3105948431ns11:Director82022-04-012023-03-3105948431ns11:Director92022-04-012023-03-3105948431ns11:RegisteredOffice2022-04-012023-03-3105948431ns6:CurrentFinancialInstruments2023-03-3105948431ns6:CurrentFinancialInstruments2022-03-3105948431ns6:Non-currentFinancialInstruments2023-03-3105948431ns6:Non-currentFinancialInstruments2022-03-3105948431ns6:RetainedEarningsAccumulatedLosses2023-03-3105948431ns6:RetainedEarningsAccumulatedLosses2022-03-3105948431ns6:LeaseholdImprovements2022-04-012023-03-3105948431ns6:PlantMachinery2022-04-012023-03-3105948431ns6:FurnitureFittings2022-04-012023-03-3105948431ns6:ComputerEquipment2022-04-012023-03-3105948431ns6:LeaseholdImprovements2022-03-3105948431ns6:PlantMachinery2022-03-3105948431ns6:FurnitureFittings2022-03-3105948431ns6:ComputerEquipment2022-03-3105948431ns6:LeaseholdImprovements2023-03-3105948431ns6:PlantMachinery2023-03-3105948431ns6:FurnitureFittings2023-03-3105948431ns6:ComputerEquipment2023-03-3105948431ns6:LeaseholdImprovements2022-03-3105948431ns6:PlantMachinery2022-03-3105948431ns6:FurnitureFittings2022-03-3105948431ns6:ComputerEquipment2022-03-3105948431ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:ComputerEquipmentns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105948431ns6:ComputerEquipmentns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105948431ns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105948431ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-03-3105948431ns6:ComputerEquipmentns6:LeasedAssetsHeldAsLessee2023-03-3105948431ns6:LeasedAssetsHeldAsLessee2023-03-3105948431ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:ComputerEquipmentns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:LeasedAssetsHeldAsLessee2022-03-3105948431ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105948431ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 05948431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Scarborough Museums, Culture and
Creative Trust Enterprises Limited

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scarborough Museums, Culture and
Creative Trust Enterprises Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A W Clay
D Lewis
Prof J Fletcher





REGISTERED OFFICE: Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW





REGISTERED NUMBER: 05948431 (England and Wales)





ACCOUNTANTS: Edward Milnes & Co
Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,555 26,295

CURRENT ASSETS
Stocks - 1,962
Debtors 5 11,779 14,464
Cash at bank and in hand 94,185 82,831
105,964 99,257
CREDITORS
Amounts falling due within one year 6 49,948 48,107
NET CURRENT ASSETS 56,016 51,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,571

77,445

CREDITORS
Amounts falling due after more than one
year

7

(2,389

)

(4,553

)

PROVISIONS FOR LIABILITIES (1,968 ) (2,430 )
NET ASSETS 72,214 70,462

RESERVES
Income and expenditure account 72,214 70,462
72,214 70,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

Balance Sheet - continued
31 March 2023


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 23 November 2023 and were signed on its behalf by:





A W Clay - Director


Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

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

1. STATUTORY INFORMATION

Scarborough Museums, Culture and Creative Trust Enterprises Limited is a private company, limited by guarantee , 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost and 10% on cost
Computer equipment - 50% on cost, 33% on cost and 20% on cost

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.

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 18,064 7,698 20,597 33,555 79,914
Additions - - 694 - 694
Disposals - - (58 ) - (58 )
At 31 March 2023 18,064 7,698 21,233 33,555 80,550
DEPRECIATION
At 1 April 2022 7,459 2,060 14,183 29,917 53,619
Charge for year 1,806 1,540 1,629 1,459 6,434
Eliminated on disposal - - (58 ) - (58 )
At 31 March 2023 9,265 3,600 15,754 31,376 59,995
NET BOOK VALUE
At 31 March 2023 8,799 4,098 5,479 2,179 20,555
At 31 March 2022 10,605 5,638 6,414 3,638 26,295

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 3,390 4,600 7,990
DEPRECIATION
At 1 April 2022 678 1,840 2,518
Charge for year 678 920 1,598
At 31 March 2023 1,356 2,760 4,116
NET BOOK VALUE
At 31 March 2023 2,034 1,840 3,874
At 31 March 2022 2,712 2,760 5,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 833
Tax - 2,018
Accrued income 5,359 5,757
Prepayments 6,420 5,856
11,779 14,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Finance leases 2,165 1,910
Trade creditors 4,629 2,327
Tax 1,607 -
Social security and other taxes 214 219
VAT 870 532
Other creditors 17,102 18,391
Deferred income 11,087 12,221
Accrued expenses 12,274 12,507
49,948 48,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Finance leases 2,389 4,553

Scarborough Museums, Culture and
Creative Trust Enterprises Limited (Registered number: 05948431)

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

8. RELATED PARTY DISCLOSURES

Scarborough Museums, Culture and Creative Trust Enterprises Ltd is a wholly owned subsidiary of Scarborough Museums, Culture and Creative Trust.

During the year, the company acquired services from Scarborough Museums, Culture and Creative Trust totalling £20,000 (2022 - £20,000).

During the year, the company provided goods and services to Scarborough Museums, Culture and Creative Trust totalling £55,579 (2022 - £52,986).

No balances were owed to or from Scarborough Museums, Culture and Creative Trust at the year end (2022 - NIL).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Scarborough Museums, Culture andCreative Trust.