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REGISTERED NUMBER: 08921324 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Basingstoke & District Model Engineering
Society Limited
(A company limited by guarantee)

Basingstoke & District Model Engineering
Society Limited (Registered number: 08921324)
(A company limited by guarantee)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Basingstoke & District Model Engineering
Society Limited
(A company limited by guarantee)

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Davis
J Evans
M J Topping
A R Lewis
J Poulter
P J Swales
D Mcmanus





SECRETARY: A R Lewis





REGISTERED OFFICE: Unit 5 Viables Craft Centre
Harrow Way
Basingstoke
Hampshire
RG22 4BJ





REGISTERED NUMBER: 08921324 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Basingstoke & District Model Engineering
Society Limited (Registered number: 08921324)
(A company limited by guarantee)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,686 21,568

CURRENT ASSETS
Debtors 5 6 16
Cash at bank and in hand 3,848 5,907
3,854 5,923
CREDITORS
Amounts falling due within one year 6 881 600
NET CURRENT ASSETS 2,973 5,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,659

26,891

RESERVES
Other reserves 5,366 5,366
Income and expenditure account 19,293 21,525
24,659 26,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





J Evans - Director


Basingstoke & District Model Engineering
Society Limited (Registered number: 08921324)
(A company limited by guarantee)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Basingstoke & District Model Engineering Society Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover includes income received in respect of public running and steam rally days.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop - 5% on cost
Plant and machinery - at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Basingstoke & District Model Engineering
Society Limited (Registered number: 08921324)
(A company limited by guarantee)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Workshop machinery Totals
£    £    £   
COST
At 1 March 2023 15,907 12,857 28,764
Additions 1,223 509 1,732
At 29 February 2024 17,130 13,366 30,496
DEPRECIATION
At 1 March 2023 1,323 5,873 7,196
Charge for year 857 757 1,614
At 29 February 2024 2,180 6,630 8,810
NET BOOK VALUE
At 29 February 2024 14,950 6,736 21,686
At 28 February 2023 14,584 6,984 21,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 6 16

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Subscriptions received in
advance 282 -
Accrued expenses 599 600
881 600

7. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital. Each members guarantee is limited to £1.