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Company Registration No. 12137667 (England and Wales)
LINCOLN CANOE CLUB LIMITED Unaudited accounts for the year ended 31 August 2024
LINCOLN CANOE CLUB LIMITED Unaudited accounts Contents
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LINCOLN CANOE CLUB LIMITED Company Information for the year ended 31 August 2024
Directors
KEVIN JOHN LACK PHILLIP CHARLES MARSHALL ROBYN SMITH
Company Number
12137667 (England and Wales)
Registered Office
CARLTON LODGE MAIN STREET NORTH CARLTON LINCOLN LN1 2RR ENGLAND
Accountants
CALCUL8 LIMITED 57 HIGH STREET SAXILBY LINCOLN LINCOLNSHIRE LN1 2HA
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LINCOLN CANOE CLUB LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,333 
55,303 
Current assets
Cash at bank and in hand
66,502 
65,956 
Creditors: amounts falling due within one year
(5,647)
(5,951)
Net current assets
60,855 
60,005 
Net assets
110,188 
115,308 
Reserves
Profit and loss account
110,188 
115,308 
Members' funds
110,188 
115,308 
For the year ending 31 August 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 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 of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
PHILLIP CHARLES MARSHALL Director Company Registration No. 12137667
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LINCOLN CANOE CLUB LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
LINCOLN CANOE CLUB LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 12137667. The registered office is CARLTON LODGE MAIN STREET, NORTH CARLTON, LINCOLN, LN1 2RR, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of annual memberships and subscriptions is recognised on a pro-rata basis, accounting for the proportion of the fee relevant to the accounting period. Annual memberships run from April to March.
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:
Plant & machinery
(Equipment) 15% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
77,675 
Additions
3,571 
At 31 August 2024
81,246 
Depreciation
At 1 September 2023
22,372 
Charge for the year
9,541 
At 31 August 2024
31,913 
Net book value
At 31 August 2024
49,333 
At 31 August 2023
55,303 
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LINCOLN CANOE CLUB LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
384 
300 
Deferred income
5,263 
5,651 
5,647 
5,951 
Deferred income relates to prepaid memberships fees.
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 0 (2023: 0).
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