West Craven Together |
Registered number: |
05164787 |
Directors' Report |
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The directors present their report and accounts for the year ended 30 June 2024. |
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Principal activities |
West Craven Together is a Company limited by Guarantee formed to promote the benefits of those who live in West Craven through seeking grants and implementation of strategies for economic development, the preservation of good health and the protection and enhancement of the environment. |
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Directors |
The following persons served as directors during the year: |
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Margaret Bell |
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Joyce Myers |
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David Whipp |
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Steven Szostak |
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The directors are committed to meeting the liabilities under the guarantee set out in the Memorandum and Articles of Association. |
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Small company provisions |
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. |
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This report was approved by the board on 11 February 2025 and signed on its behalf. |
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D Whipp |
Director |
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West Craven Together |
Accountants' Report |
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Accountants' report to the directors of |
West Craven Together |
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You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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Lonsdales |
Accountants |
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Middle Hague Barn |
Old Stone Trough Lane |
Kellbrook |
BB18 6LW |
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11 February 2025 |
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West Craven Together |
Notes to the Accounts |
for the year ended 30 June 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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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. |
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Creditors |
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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. |
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Capital grants |
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Capital grants received are accounted for under the accrual model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 July 2023 |
795,574 |
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68,509 |
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864,083 |
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At 30 June 2024 |
795,574 |
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68,509 |
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864,083 |
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Depreciation |
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At 1 July 2023 |
238,662 |
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68,508 |
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307,170 |
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Charge for the year |
15,911 |
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- |
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15,911 |
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At 30 June 2024 |
254,573 |
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68,508 |
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323,081 |
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Net book value |
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At 30 June 2024 |
541,001 |
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1 |
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541,002 |
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At 30 June 2023 |
556,912 |
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1 |
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556,913 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
194 |
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199 |
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Accrued revenue |
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- |
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7,521 |
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194 |
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7,720 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Rental income billed in advance |
5,786 |
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- |
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Taxation and social security costs |
19,084 |
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17,071 |
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Other creditors |
1,500 |
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1,500 |
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26,370 |
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18,571 |
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6 |
Capital grants received |
£ |
£ |
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Grants received not yet released b/f |
577,550 |
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630,783 |
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Grants released in the year |
(15,911) |
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(15,911) |
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Grants received not yet released c/f |
561,639 |
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577,550 |
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7 |
Other information |
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West Craven Together is a private company limited by Guarantee and incorporated in England. Its registered office is: |
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The Rainhill Centre |
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Rainhill Road |
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Barnoldswick |
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Lancashire |
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BB18 5DR |