Registered number
01035658
RADCLIFFE MASONIC ASSOCIATION LIMITED
Filleted Accounts
31 May 2024
RADCLIFFE MASONIC ASSOCIATION LIMITED
Registered number: 01035658
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91,420 91,420
Current assets
Bar stocks 1,921 2,052
Debtors 4 1,920 -
Cash at bank and in hand 44,292 31,058
48,133 33,110
Creditors: amounts falling due within one year 5 (13,195) (11,474)
Net current assets 34,938 21,636
Net assets 126,358 113,056
Capital and reserves
Profit and loss account 126,358 113,056
Shareholder's funds 126,358 113,056
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.
L Feeley
Chairman
Approved by the board on 3 September 2024
RADCLIFFE MASONIC ASSOCIATION LIMITED
Notes to the Accounts
for the year ended 31 May 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 91,420 3,011 94,431
At 31 May 2024 91,420 3,011 94,431
Depreciation
At 1 June 2023 - 3,011 3,011
At 31 May 2024 - 3,011 3,011
Net book value
At 31 May 2024 91,420 - 91,420
At 31 May 2023 91,420 - 91,420
4 Debtors 2024 2023
£ £
Other debtors 1,920 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,288 10,004
Trade creditors 1,101 61
Other taxes and social security costs 1,220 409
Other creditors 2,586 1,000
13,195 11,474
6 Other information
RADCLIFFE MASONIC ASSOCIATION LIMITED is a private company limited by guarantee without share capital and incorporated in England. Its registered office is:
Station Chambers
36 Bolton Street
Bury
Lancs
BL9 0LL
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