Company Registration No. 09999437 (England and Wales)
COMMUNITY RAIL LANCASHIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
31 March 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
COMMUNITY RAIL LANCASHIRE LIMITED
COMPANY INFORMATION
Directors
Mr S J M Clarke
Mr R N Watts
Mrs M R Taylor
Mr A L Ford
Mr M Cliffe
Mr G P Townson
Secretary
Mr S J M Clarke
Company number
09999437
Registered office
Accrington Station
Eagle Street
Accrington
Lancashire
BB5 1LJ
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
COMMUNITY RAIL LANCASHIRE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
COMMUNITY RAIL LANCASHIRE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,085
1,532
Current assets
Debtors
4
272
269
Cash at bank and in hand
220,552
351,993
220,824
352,262
Creditors: amounts falling due within one year
5
(9,983)
(9,521)
Net current assets
210,841
342,741
Total assets less current liabilities
211,926
344,273
Accruals and deferred income
(178,426)
(310,773)
Net assets
33,500
33,500
Reserves
Income and expenditure account
33,500
33,500
Members' funds
33,500
33,500
The notes on pages 3 to 4 form part of these financial statements.
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
COMMUNITY RAIL LANCASHIRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 November 2024 and are signed on its behalf by:
Mr R N Watts
Director
Company Registration No. 09999437
COMMUNITY RAIL LANCASHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Community Rail Lancashire Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Accrington Station, Eagle Street, Accrington, Lancashire, BB5 1LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
This is a not for profit organisation. Turnover comprises of grants received and receivable. Grants received in respect of future expenditure are included in deferred income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Office equipment
33% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.
1.4
Taxation
There is no liability to corporation tax due to the nature of the company.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
8
7
COMMUNITY RAIL LANCASHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
8,833
Depreciation and impairment
At 1 April 2023
7,301
Depreciation charged in the year
447
At 31 March 2024
7,748
Carrying amount
At 31 March 2024
1,085
At 31 March 2023
1,532
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
272
269
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6,879
7,039
Other creditors
3,104
2,482
9,983
9,521
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.