Company Registration No. 11077903 (England and Wales)
Durham Miners' Association
Unaudited accounts
for the year ended 31 March 2024
Durham Miners' Association
Company Information
for the year ended 31 March 2024
Directors
L Claughan
S Musgrove
S Guy
Company Number
11077903 (England and Wales)
Registered Office
THE MINERS' HALL
FLASS STREET
DURHAM
ENGLAND
DH1 4BE
ENGLAND
Durham Miners' Association
Statement of financial position
as at 31 March 2024
Tangible assets
3,767
7,018
Cash at bank and in hand
40,410
53,906
Creditors: amounts falling due within one year
(38,255)
(27,225)
Net current assets
2,155
34,170
Total assets less current liabilities
5,922
41,188
Creditors: amounts falling due after more than one year
(37,550)
(51,300)
Net liabilities
(31,628)
(10,112)
Profit and loss account
(31,628)
(10,112)
Members' funds
(31,628)
(10,112)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
S Guy
Director
Company Registration No. 11077903
Durham Miners' Association
Notes to the Accounts
for the year ended 31 March 2024
Durham Miners' Association is a private company, limited by guarantee, registered in England and Wales, registration number 11077903. The registered office is THE MINERS' HALL, FLASS STREET, DURHAM, ENGLAND, DH1 4BE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Over 3 Years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Durham Miners' Association
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,000
15,000
Other creditors
21,815
8,357
7
Creditors: amounts falling due after more than one year
2024
2023
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).