LIBANUS LIFESTYLE (WALES) C.I.C.

Company Registration Number:
09744564 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

LIBANUS LIFESTYLE (WALES) C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LIBANUS LIFESTYLE (WALES) C.I.C.

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

The principal activity of the company continued to be that of other business support service activities not elsewhere classified .



Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

G S Bisp
J D Thomas
K James
M J Jones
S A James


The director shown below has held office during the period of
1 September 2022 to 31 January 2023

A D LEWIS


The director shown below has held office during the period of
9 January 2023 to 31 August 2023

C A Clark


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 September 2024

And signed on behalf of the board by:
Name: K James
Status: Director

LIBANUS LIFESTYLE (WALES) C.I.C.

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 108,153 67,029
Total fixed assets: 108,153 67,029
Current assets
Debtors: 4 46,560 46,434
Cash at bank and in hand: 232 2,706
Total current assets: 46,792 49,140
Creditors: amounts falling due within one year: 5 ( 25,442 ) ( 9,650 )
Net current assets (liabilities): 21,350 39,490
Total assets less current liabilities: 129,503 106,519
Creditors: amounts falling due after more than one year: 6 ( 108,641 ) ( 118,241 )
Total net assets (liabilities): 20,862 (11,722)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 20,762 (11,822 )
Total Shareholders' funds: 20,862 (11,722)

The notes form part of these financial statements

LIBANUS LIFESTYLE (WALES) C.I.C.

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 September 2024
and signed on behalf of the board by:

Name: K James
Status: Director

The notes form part of these financial statements

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

    Tangible fixed assets depreciation policy

    Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives,using the straight line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows: Asset class and depreciation rate : Land and Buildings - 10% straight line Plant and Machinery - 25% reducing balance Fixtures and Fittings - 25% reducing balance

    Other accounting policies

    Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 97,001 2,025 2,164 101,190
Additions 46,355 2,340 48,695
Disposals
Revaluations
Transfers
At 31 August 2023 143,356 4,365 2,164 149,885
Depreciation
At 1 September 2022 31,232 1,358 1,571 34,161
Charge for year 6,763 660 148 7,571
On disposals
Other adjustments
At 31 August 2023 37,995 2,018 1,719 41,732
Net book value
At 31 August 2023 105,361 2,347 445 108,153
At 31 August 2022 65,769 667 593 67,029

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Other debtors 46,560 46,434
Total 46,560 46,434

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,549 947
Trade creditors 3,240 3,240
Taxation and social security 12
Accruals and deferred income 2,880 2,880
Other creditors 17,773 2,571
Total 25,442 9,650

LIBANUS LIFESTYLE (WALES) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 36,446 37,026
Other creditors 72,195 81,215
Total 108,641 118,241

COMMUNITY INTEREST ANNUAL REPORT

LIBANUS LIFESTYLE (WALES) C.I.C.

Company Number: 09744564 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Providing hall hire and facilities to the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The director remuneration for the year is £ 13,193.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 September 2024

And signed on behalf of the board by:
Name: Karen James
Status: Director