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REGISTERED NUMBER: 09270704 (England and Wales)














HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS (REGISTERED NUMBER: 09270704)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: S Tilbury
V Burgess
K Knight
A S Pulford
W Vallance





SECRETARY:





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 09270704 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS (REGISTERED NUMBER: 09270704)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,493 29,564

CURRENT ASSETS
Debtors 5 918 926
Cash at bank and in hand 25,697 35,601
26,615 36,527
CREDITORS
Amounts falling due within one year 6 960 936
NET CURRENT ASSETS 25,655 35,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,148

65,155

RESERVES
Introduced by the society 62,313 62,313
Income and expenditure account (3,165 ) 2,842
59,148 65,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS (REGISTERED NUMBER: 09270704)

BALANCE SHEET - continued
31 DECEMBER 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 10 September 2024 and were signed on its behalf by:




S Tilbury - Director



A S Pulford - Director


HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS (REGISTERED NUMBER: 09270704)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Harrow And Wembley Society of Model Engineers 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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HARROW AND WEMBLEY SOCIETY OF MODEL
ENGINEERS (REGISTERED NUMBER: 09270704)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 January 2023 1 - 44,269 44,270
Additions - 6,248 276 6,524
At 31 December 2023 1 6,248 44,545 50,794
DEPRECIATION
At 1 January 2023 - - 14,706 14,706
Charge for year - 312 2,283 2,595
At 31 December 2023 - 312 16,989 17,301
NET BOOK VALUE
At 31 December 2023 1 5,936 27,556 33,493
At 31 December 2022 1 - 29,563 29,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments 918 926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accrued expenses 960 936