Lurcher Link Trust 11624499 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is providing dog rescue services and fundraising. Digita Accounts Production Advanced 6.30.9574.0 true true 11624499 2022-11-01 2023-10-31 11624499 2023-10-31 11624499 core:CurrentFinancialInstruments 2023-10-31 11624499 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11624499 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 11624499 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 11624499 core:OfficeEquipment 2023-10-31 11624499 core:PlantMachinery 2023-10-31 11624499 bus:SmallEntities 2022-11-01 2023-10-31 11624499 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11624499 bus:FullAccounts 2022-11-01 2023-10-31 11624499 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11624499 bus:RegisteredOffice 2022-11-01 2023-10-31 11624499 bus:CompanySecretaryDirector1 2022-11-01 2023-10-31 11624499 bus:Director1 2022-11-01 2023-10-31 11624499 bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 11624499 core:PatentsTrademarksLicencesConcessionsSimilar 2022-11-01 2023-10-31 11624499 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11624499 core:LeaseholdImprovements 2022-11-01 2023-10-31 11624499 core:OfficeEquipment 2022-11-01 2023-10-31 11624499 core:PlantMachinery 2022-11-01 2023-10-31 11624499 countries:EnglandWales 2022-11-01 2023-10-31 11624499 2022-10-31 11624499 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-31 11624499 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 11624499 core:OfficeEquipment 2022-10-31 11624499 core:PlantMachinery 2022-10-31 11624499 2021-11-01 2022-10-31 11624499 2022-10-31 11624499 core:CurrentFinancialInstruments 2022-10-31 11624499 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11624499 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-31 11624499 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 11624499 core:OfficeEquipment 2022-10-31 11624499 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 11624499

Lurcher Link Trust

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Lurcher Link Trust

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Lurcher Link Trust

Company Information

Directors

N Gorham

K J FitzGerald-Gorham

Company secretary

K J FitzGerald-Gorham

Registered office

4 School Cote Brow
Holmfield
Halifax
West Yorkshire
HX3 6SR

 

Lurcher Link Trust

(Registration number: 11624499)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

1,425

1,425

Tangible assets

5

22,019

21,991

 

23,444

23,416

Current assets

 

Stocks

6

1,400

1,400

Debtors

4,569

238

Cash at bank and in hand

 

22,522

19,254

 

28,491

20,892

Creditors: Amounts falling due within one year

7

(3,333)

(3,069)

Net current assets

 

25,158

17,823

Total assets less current liabilities

 

48,602

41,239

Provisions for liabilities

(348)

-

Net assets

 

48,254

41,239

Reserves

 

Retained earnings

48,254

41,239

Surplus

 

48,254

41,239

 

Lurcher Link Trust

(Registration number: 11624499)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2024 and signed on its behalf by:
 

.........................................
N Gorham
Director

 

Lurcher Link Trust

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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 £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
4 School Cote Brow
Holmfield
Halifax
West Yorkshire
HX3 6SR

These financial statements were authorised for issue by the Board on 28 March 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

 

Lurcher Link Trust

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Property Improvements

5% reducing balance

Plant & Machinery

15% reducing balance

Office Equipment

33% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents & Trademarks

over useful life of nil years

 

Lurcher Link Trust

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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 and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 2).

 

Lurcher Link Trust

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 November 2022

1,425

1,425

At 31 October 2023

1,425

1,425

Amortisation

Carrying amount

At 31 October 2023

1,425

1,425

At 31 October 2022

1,425

1,425

5

Tangible assets

Improvements to property
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

22,793

2,893

-

25,686

Additions

1,017

-

506

1,523

At 31 October 2023

23,810

2,893

506

27,209

Depreciation

At 1 November 2022

2,561

1,134

-

3,695

Charge for the year

1,062

264

169

1,495

At 31 October 2023

3,623

1,398

169

5,190

Carrying amount

At 31 October 2023

20,187

1,495

337

22,019

At 31 October 2022

20,232

1,759

-

21,991

6

Stocks

2023
£

2022
£

Other inventories

1,400

1,400

 

Lurcher Link Trust

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

1,429

Accruals and deferred income

810

720

Other creditors

2,523

920

3,333

3,069