REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31 March 2023 |
for |
Rothwell and Desborough Futures Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31 March 2023 |
for |
Rothwell and Desborough Futures Limited |
Rothwell and Desborough Futures Limited (Registered number: 04832787) |
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 |
Rothwell and Desborough Futures Limited |
Company Information |
For The Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
7 Billing Road |
Northampton |
NORTHAMPTONSHIRE |
NN1 5AN |
Rothwell and Desborough Futures Limited (Registered number: 04832787) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
GOVERNMENT GRANTS | 6 |
NET LIABILITIES | ( |
) | ( |
) |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
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 |
Rothwell and Desborough Futures Limited (Registered number: 04832787) |
Notes to the Financial Statements |
For The Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Rothwell and Desborough Futures Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis under the assumption that the directors are confident that their trading position will continue to allow the company to pay its debts when they fall due. |
Turnover |
The turnover shown in the profit and loss account represents funding received during the year. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
Depreciation |
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: |
Freehold property - 2% of cost |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual, as arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Deferred government grants |
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate. |
3. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Rothwell and Desborough Futures Limited (Registered number: 04832787) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
6. | GOVERNMENT GRANTS |
2023 | 2022 |
£ | £ |
RECEIVED AND RECEIVABLE |
At 1 April 2022 | 177,772 | 177,772 |
At 31 March 2023 | 177,772 | 177,772 |
AMORTISATION |
At 1 April 2022 | 65,842 | 63,058 |
Credit to profit and loss account | 2,784 | 2,784 |
At 31 March 2023 | 68,626 | 65,842 |
Net balance at 31 March 2023 | 109,146 | 111,930 |
7. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee and subsequently does not have share capital. In the event of the company being wound up the maximum amount which each member is liable to contribute is one pound. At 31 March 2023 there were 8 members (2022 - 7 members). |