Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09893154 Mrs B Trahar Mr G Stent Mr S Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09893154 2022-11-30 09893154 2023-11-30 09893154 2022-12-01 2023-11-30 09893154 frs-core:CurrentFinancialInstruments 2023-11-30 09893154 frs-core:PlantMachinery 2023-11-30 09893154 frs-core:PlantMachinery 2022-12-01 2023-11-30 09893154 frs-core:PlantMachinery 2022-11-30 09893154 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09893154 frs-bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 09893154 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09893154 frs-bus:SmallEntities 2022-12-01 2023-11-30 09893154 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09893154 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09893154 frs-bus:Director1 2022-12-01 2023-11-30 09893154 frs-bus:Director2 2022-12-01 2023-11-30 09893154 frs-bus:Director3 2022-12-01 2023-11-30 09893154 frs-countries:EnglandWales 2022-12-01 2023-11-30 09893154 2021-11-30 09893154 2022-11-30 09893154 2021-12-01 2022-11-30 09893154 frs-core:CurrentFinancialInstruments 2022-11-30 09893154 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09893154
LW Community Services
Unaudited Financial Statements
For The Year Ended 30 November 2023
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of LW Community Services For The Year Ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of LW Community Services which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of LW Community Services , as a body, in accordance with the terms of our engagement letter dated 11 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of LW Community Services and state those matters that we have agreed to state to the directors of LW Community Services , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LW Community Services and its directors as a body for our work or for this report.
It is your duty to ensure that LW Community Services has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of LW Community Services . You consider that LW Community Services is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LW Community Services . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12 August 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Page 1
Page 2
Balance Sheet
Registered number: 09893154
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 618 1,861
618 1,861
CURRENT ASSETS
Debtors 5 9,320 3,237
Cash at bank and in hand 42,924 50,430
52,244 53,667
Creditors: Amounts Falling Due Within One Year 6 (6,763 ) (10,473 )
NET CURRENT ASSETS (LIABILITIES) 45,481 43,194
TOTAL ASSETS LESS CURRENT LIABILITIES 46,099 45,055
NET ASSETS 46,099 45,055
Income and Expenditure Account 46,099 45,055
MEMBERS' FUNDS 46,099 45,055
Page 2
Page 3
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr S Jones
Director
12 August 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
LW Community Services is a private company, limited by guarantee, incorporated in England & Wales, registered number 09893154 . The registered office is Croeserw Community Enterprise Centre Bryn Siriol, Cymmer, Port Talbot, SA13 3PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company is a Public Benefit Entity as defined by FRS 102.
The financial statements are presented in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Significant judgements and estimations
The significant accounting policies applied in the application of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
No significant judgements have had to be made by the directors in preparing these financial statements.
2.3. Turnover
Turnover represents funding received from the local authority and rental income.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
2.5. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Page 4
Page 5
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.8. Government Assistance
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
Page 5
Page 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 9,553
As at 30 November 2023 9,553
Depreciation
As at 1 December 2022 7,692
Provided during the period 1,243
As at 30 November 2023 8,935
Net Book Value
As at 30 November 2023 618
As at 1 December 2022 1,861
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 9,320 1,750
Other taxes and social security - 1,487
9,320 3,237
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 6,763 10,473
7. 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.
Page 6