1 November 2022 false No description of principal activity Taxfiler 2024.4 SC611072business:CompanyLimitedByGuarantee2022-11-012023-10-31 SC6110722022-10-31 SC6110722022-11-012023-10-31 SC611072business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC611072business:FilletedAccounts2022-11-012023-10-31 SC6110722023-10-31 SC611072business:Director12022-11-012023-10-31 SC611072business:RegisteredOffice2022-11-012023-10-31 SC6110722022-10-31 SC611072core:WithinOneYear2023-10-31 SC611072core:WithinOneYear2022-10-31 SC611072core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC611072core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC611072core:PreviouslyStatedAmount2023-10-31 SC611072core:PreviouslyStatedAmount2022-10-31 SC611072business:SmallEntities2022-11-012023-10-31 SC611072countries:Scotland2022-11-012023-10-31 SC611072core:ComputerEquipment2022-11-012023-10-31 SC611072core:ComputerEquipment2022-10-31 SC611072core:ComputerEquipment2023-10-31 SC6110722021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC611072 (Scotland)
LYDIA WILSON FOUNDATION Unaudited accounts for the year ended 31 October 2023
LYDIA WILSON FOUNDATION Unaudited accounts Contents
Page
- 2 -
LYDIA WILSON FOUNDATION Company Information for the year ended 31 October 2023
Director
Lydia Oluwatomisin BALOGUN-WILSON
Company Number
SC611072 (Scotland)
Registered Office
32 Keirhill Way Aberdeen AB32 6AX Scotland
- 3 -
LYDIA WILSON FOUNDATION Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
774 
944 
Current assets
Cash at bank and in hand
111 
- 
Creditors: amounts falling due within one year
(16,889)
(9,821)
Net current liabilities
(16,778)
(9,821)
Net liabilities
(16,004)
(8,877)
Reserves
Profit and loss account
(16,004)
(8,877)
Members' funds
(16,004)
(8,877)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Lydia Oluwatomisin BALOGUN-WILSON Director Company Registration No. SC611072
- 4 -
LYDIA WILSON FOUNDATION Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
LYDIA WILSON FOUNDATION is a private company, limited by guarantee, registered in Scotland, registration number SC611072. The registered office is 32 Keirhill Way, Aberdeen, AB32 6AX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,585 
At 31 October 2023
1,585 
Depreciation
At 1 November 2022
641 
Charge for the year
170 
At 31 October 2023
811 
Net book value
At 31 October 2023
774 
At 31 October 2022
944 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
16,634 
9,596 
Accruals
255 
225 
16,889 
9,821 
- 5 -
LYDIA WILSON FOUNDATION Notes to the Accounts for the year ended 31 October 2023
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -