5 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false false false 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05331368 2023-02-01 2024-01-31 05331368 2024-01-31 05331368 2023-01-31 05331368 2022-02-01 2023-01-31 05331368 2023-01-31 05331368 2022-01-31 05331368 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 05331368 bus:RegisteredOffice 2023-02-01 2024-01-31 05331368 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 05331368 bus:Director1 2023-02-01 2024-01-31 05331368 bus:Director3 2023-02-01 2024-01-31 05331368 bus:Director6 2023-02-01 2024-01-31 05331368 bus:Director7 2023-02-01 2024-01-31 05331368 bus:Director8 2023-02-01 2024-01-31 05331368 bus:CompanySecretary1 2023-02-01 2024-01-31 05331368 core:FurnitureFittingsToolsEquipment 2024-01-31 05331368 core:WithinOneYear 2024-01-31 05331368 core:WithinOneYear 2023-01-31 05331368 core:RetainedEarningsAccumulatedLosses 2024-01-31 05331368 core:RetainedEarningsAccumulatedLosses 2023-01-31 05331368 bus:SmallEntities 2023-02-01 2024-01-31 05331368 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05331368 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05331368 bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 05331368 bus:FullAccounts 2023-02-01 2024-01-31
Company registration number: 05331368
Thirsk & District Business Association
Company limited by guarantee
Unaudited filleted financial statements
31 January 2024
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Thirsk & District Business Association
Company limited by guarantee
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Thirsk & District Business Association
Company limited by guarantee
Directors and other information
Directors Mr G R Baragwanath
Mrs J E Miller
Mrs S A Baragwanath
Mrs G E Symmonds
Ms J Wood
Secretary J E Miller
Company number 05331368
Registered office 4 Finkle Street
Thirsk
North Yorkshire
YO7 1DA
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Bankers HSBC plc
77 Market Place
Thirsk
North Yorkshire
YO7 1EU
Thirsk & District Business Association
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Thirsk & District Business Association
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thirsk & District Business Association for the year ended 31 January 2024 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Thirsk & District Business Association, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Thirsk & District Business Association and state those matters that we have agreed to state to the board of directors of Thirsk & District Business Association as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thirsk & District Business Association and its board of directors as a body for our work or for this report.
It is your duty to ensure that Thirsk & District Business Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Thirsk & District Business Association. You consider that Thirsk & District Business Association is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Thirsk & District Business Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
22 October 2024
Thirsk & District Business Association
Company limited by guarantee
Balance sheet
31 January 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 7 2,117 3,054
Cash at bank and in hand 9,908 17,340
_______ _______
12,025 20,394
Creditors: amounts falling due
within one year 8 ( 2,064) ( 6,015)
_______ _______
Net current assets 9,961 14,379
_______ _______
Total assets less current liabilities 9,961 14,379
_______ _______
Net assets 9,961 14,379
_______ _______
Capital and reserves
Profit and loss account 9,961 14,379
_______ _______
Members funds 9,961 14,379
_______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Income and expenditure account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr G R Baragwanath
Director
Company registration number: 05331368
Thirsk & District Business Association
Company limited by guarantee
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 4 Finkle Street, Thirsk, North Yorkshire, YO7 1DA. The principal activity of the company is that of a trade association for business people in Thirsk and the surrounding area.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Income
Income represents the total value of revenue received during the period from fund raising activities and subscriptions.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured atthe amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Limited by guarantee
The company is limited by guarantee and has no share capital.In the event of the winding up of a company, each member undertakes to contribute such sum as may be required to a maximum of £10.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2023 and 31 January 2024 16,000 16,000
_______ _______
Depreciation
At 1 February 2023 and 31 January 2024 16,000 16,000
_______ _______
Carrying amount
At 31 January 2024 - -
_______ _______
At 31 January 2023 - -
_______ _______
7. Debtors
2024 2023
£ £
Other debtors 2,117 3,054
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 2,064 6,015
_______ _______
Other creditors includes £0 (2023 - £1,601) held on behalf of Thirsk and Sowerby Festival Committed, a community not-for-profit networking organisation, which does not have a bank account in its own name.
9. Controlling party
For the whole of the period the company was controlled by the directors of the company, who are also subscribers to the Memorandum of Association.