Registered number
10556191
Liverpool Community Launderette Ltd
Filleted Accounts
31 January 2024
Liverpool Community Launderette Ltd
Registered number: 10556191
Statement of Financial Position
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,949 62,749
Current assets
Debtors 4 16,808 2,205
Cash at bank and in hand 40,879 83,806
57,687 86,011
Creditors: amounts falling due within one year 5 (27,125) (65,016)
Net current assets 30,562 20,995
Total assets less current liabilities 69,511 83,744
Creditors: amounts falling due after more than one year 6 (21,567) (21,481)
Net assets 47,944 62,263
Reserves
Profit and loss account 47,944 62,263
Members' funds 47,944 62,263
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Grace Harrison
Director
Approved by the board on 9 October 2024
Liverpool Community Launderette Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on a going concern basis. The Management Committee have considered the level of funds held and the expected level of income and expenditure for the twelve months ahead from authorising these financial statements and assess the organisation to be a going concern.
Turnover
Turnover represents sales income from the launderette activities net of discounts and value added taxes.
Government grants
Grant income is recognised under Other Operating Income in the Income Statement.

Grants received in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas grants received to support operating activities are credited when the expenditure is charged to profit and loss.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Building renovatoin 10% to 20% straight line
Launderette equipment 20% straight line
Fixtures and fittings 20% straight line
Reserves
Reserves at the end of the year were £47,944 (2023: £62,263) The directors aim to designate £25,000 of reserves as a contingency fund to manage future operational risks and to maintain working capital to meet unforeseen needs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 140,751
Additions 1,100
At 31 January 2024 141,851
Depreciation
At 1 February 2023 78,002
Charge for the year 24,900
At 31 January 2024 102,902
Net book value
At 31 January 2024 38,949
At 31 January 2023 62,749
4 Debtors 2024 2023
£ £
Trade debtors 2,743 2,036
Other debtors 14,065 169
16,808 2,205
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 739 9,846
Taxation and social security costs 4,889 5,128
Other creditors 21,497 50,042
27,125 65,016
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 21,567 21,481
7 Related party transactions
No remuneration was paid to any member of the Management Committee in 2023 (2022: Nil) for their work or time on the Management Committee or as a director. The Committee includes paid members of staff employed by the launderette.
8 Other information
Liverpool Community Launderette Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
77 Grasmere Street
Liverpool
L5 6RH
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