Registered number
08486648
Armstrong Siddeley Heritage Trust Ltd
Filleted Accounts
31 March 2024
Armstrong Siddeley Heritage Trust Ltd
Registered number: 08486648
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 70,904 54,637
Current assets
Stocks 25 25
4 14,195 28,155
Cash at bank and in hand 24,630 24,161
38,850 52,341
Creditors: amounts falling due within one year 5 (1,329) (11,911)
Net current assets 37,521 40,430
Net assets 108,425 95,067
Capital and reserves
Profit and loss account 108,425 95,067
Shareholders' funds 108,425 95,067
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 members have 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.
C Allen
Director
Approved by the board on 17 November 2024
Armstrong Siddeley Heritage Trust Ltd
Notes to the Accounts
for the year ended 31 March 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
The majority of the turnover comes from donations. Any earned 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on leasehold improvements, but other tangile assets are of increasing rather than decreasing value. The motor vehicles are historic.
Leasehold land and buildings over the lease term
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. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
As a registered charity there is no corporation tax liability.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Leasehold Improvements Artefacts Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - 22,912 31,725 54,637
Additions 16,554 465 - 17,019
At 31 March 2024 16,554 23,377 31,725 71,656
Depreciation
Charge for the year 752 - - 752
At 31 March 2024 752 - - 752
Net book value
At 31 March 2024 15,802 23,377 31,725 70,904
At 31 March 2023 - 22,912 31,725 54,637
4 Debtors 2024 2023
£ £
Other debtors 14,195 28,155
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,329 11,911
6 Other information
Armstrong Siddeley Heritage Trust Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Southleigh
Reading Road
Burghfield Common
Berkshire
RG7 3BL
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