Lymm Youth And Community Association Ltd Filleted Accounts Cover
Lymm Youth And Community Association Ltd
Company No. 06525466
Information for Filing with The Registrar
31 March 2024
Lymm Youth And Community Association Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
06525466
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,5642,346
1,5642,346
Current assets
Cash at bank and in hand
142,015121,712
142,015121,712
Creditors: Amount falling due within one year
5
(420)
(420)
Net current assets
141,595121,292
Total assets less current liabilities
143,159123,638
Net assets
143,159123,638
Reserves
Income and expenditure account
143,159123,638
Total equity
143,159123,638
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.
Approved by the board on 10 June 2024 and signed on its behalf by:
S. Griffiths
Director
10 June 2024
Lymm Youth And Community Association Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Lymm Youth And Community Association Ltd is a private company limited by guarantee and incorporated in England and Wales.
Its registered number is: 06525466
Its registered office is:
1 Bridgewater Street
Lymm
Cheshire
WA13 0AB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
33% Reducing balance
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
31,31331,313
At 31 March 2024
31,31331,313
Depreciation
At 1 April 2023
28,96728,967
Charge for the year
782782
At 31 March 2024
29,74929,749
Net book values
At 31 March 2024
1,5641,564
At 31 March 2023
2,3462,346
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
420420
420420
6
Reserves
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
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