Harlington Locomotive Society 08945974 false 2023-04-07 2024-04-06 2024-04-06 The principal activity of the company is Amusement and recreation activities Digita Accounts Production Advanced 6.30.9574.0 true 08945974 2023-04-07 2024-04-06 08945974 2024-04-06 08945974 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-06 08945974 core:Non-currentFinancialInstruments 2024-04-06 08945974 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-06 08945974 bus:SmallEntities 2023-04-07 2024-04-06 08945974 bus:AuditExemptWithAccountantsReport 2023-04-07 2024-04-06 08945974 bus:FilletedAccounts 2023-04-07 2024-04-06 08945974 bus:SmallCompaniesRegimeForAccounts 2023-04-07 2024-04-06 08945974 bus:RegisteredOffice 2023-04-07 2024-04-06 08945974 bus:Director1 2023-04-07 2024-04-06 08945974 bus:CompanyLimitedByGuarantee 2023-04-07 2024-04-06 08945974 core:UKTax 2023-04-07 2024-04-06 08945974 countries:England 2023-04-07 2024-04-06 08945974 2022-04-07 2023-04-06 08945974 2023-04-06 08945974 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-06 08945974 core:Non-currentFinancialInstruments 2023-04-06 08945974 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-06 08945974 core:UKTax 2022-04-07 2023-04-06 iso4217:GBP xbrli:pure

Registration number: 08945974

Harlington Locomotive Society

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 6 April 2024

 

Harlington Locomotive Society

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Harlington Locomotive Society

(Registration number: 08945974)
Balance Sheet as at 6 April 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

12,097

10,569

Creditors: Amounts falling due within one year

5

(2,428)

(850)

Total assets less current liabilities

 

9,669

9,719

Creditors: Amounts falling due after more than one year

5

(5,211)

(5,211)

Net assets

 

4,458

4,508

Reserves

 

Retained earnings

4,458

4,508

Surplus

 

4,458

4,508

For the financial year ending 6 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

.........................................
Mr Anthony John Hunt
Director

 

Harlington Locomotive Society

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
High Street
Harlington
UB3 5ET

These financial statements were authorised for issue by the Board on 21 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Harlington Locomotive Society

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

-

(790)

 

Harlington Locomotive Society

Notes to the Unaudited Financial Statements for the Year Ended 6 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

4

Accruals and deferred income

2,208

648

Other creditors

220

198

2,428

850

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

5,211

5,211

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

5,211

5,211