Sprotbrough Community Library Ltd. 08020380 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is to manage Sprotbrough Community Library, which serves the communities of Sprotbrough, Cusworth, Scawsby, Harlington, Barnburgh and Cadeby. The library became a community library, i.e managed and staffed by volunteers, in April 2012. At that time SCLL was incorporated and the new company agreed a fifteen year lease and service level agreement with Doncaster Metropolitan Borough Council (DMBC). The ongoing support of DMBC is essential to the successful operation of the library. Digita Accounts Production Advanced 6.30.9574.0 true true 08020380 2023-05-01 2024-04-30 08020380 2024-04-30 08020380 core:CurrentFinancialInstruments 2024-04-30 08020380 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08020380 core:FurnitureFittingsToolsEquipment 2024-04-30 08020380 bus:SmallEntities 2023-05-01 2024-04-30 08020380 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08020380 bus:FullAccounts 2023-05-01 2024-04-30 08020380 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08020380 bus:RegisteredOffice 2023-05-01 2024-04-30 08020380 bus:Director1 2023-05-01 2024-04-30 08020380 bus:Director4 2023-05-01 2024-04-30 08020380 bus:Director5 2023-05-01 2024-04-30 08020380 bus:Director6 2023-05-01 2024-04-30 08020380 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08020380 core:FurnitureFittings 2023-05-01 2024-04-30 08020380 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08020380 countries:England 2023-05-01 2024-04-30 08020380 2023-04-30 08020380 core:FurnitureFittingsToolsEquipment 2023-04-30 08020380 2022-05-01 2023-04-30 08020380 2023-04-30 08020380 core:CurrentFinancialInstruments 2023-04-30 08020380 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08020380 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08020380

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Company Information

Directors

Mr D Bluff

Mr L Walters

Mr P Taylor

Mrs C A Ransome

Registered office

Sprotbrough Road
Sprotbrough
Doncaster
South Yorkshire
DN5 8BA

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

(Registration number: 08020380)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,611

2,533

Current assets

 

Debtors

5

642

1,025

Cash at bank and in hand

 

24,791

25,213

 

25,433

26,238

Creditors: Amounts falling due within one year

6

(649)

(1,020)

Net current assets

 

24,784

25,218

Net assets

 

28,395

27,751

Capital and reserves

 

Retained earnings

28,395

27,751

Shareholders' funds

 

28,395

27,751

For the financial year ending 30 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

.........................................
Mr L Walters
Director

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Sprotbrough Road
Sprotbrough
Doncaster
South Yorkshire
DN5 8BA

These financial statements were authorised for issue by the Board on 19 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Sprotbrough Community Library Ltd.

trading as Sprotbrough Community Library Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

10,104

10,104

Additions

2,190

2,190

At 30 April 2024

12,294

12,294

Depreciation

At 1 May 2023

7,571

7,571

Charge for the year

1,112

1,112

At 30 April 2024

8,683

8,683

Carrying amount

At 30 April 2024

3,611

3,611

At 30 April 2023

2,533

2,533

5

Debtors

Current

2024
£

2023
£

Other debtors

642

1,025

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

649

1,020