Registered number
05164787
West Craven Together
Report and Accounts
30 June 2024
West Craven Together
Registered number: 05164787
Directors' Report
The directors present their report and accounts for the year ended 30 June 2024.
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.
Directors
The following persons served as directors during the year:
Margaret Bell
Joyce Myers
David Whipp
Steven Szostak
The directors are committed to meeting the liabilities under the guarantee set out in the Memorandum and Articles of Association.
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.
This report was approved by the board on 11 February 2025 and signed on its behalf.
D Whipp
Director
West Craven Together
Accountants' Report
Accountants' report to the directors of
West Craven Together
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.
Lonsdales
Accountants
Middle Hague Barn
Old Stone Trough Lane
Kellbrook
BB18 6LW
11 February 2025
West Craven Together
Profit and Loss Account
for the year ended 30 June 2024
2024 2023
£ £
Turnover 121,515 104,351
Cost of sales (1,758) (1,290)
Gross profit 119,757 103,061
Administrative expenses (113,090) (105,549)
Profit/(loss) for the financial year 6,667 (2,488)
West Craven Together
Registered number: 05164787
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 541,002 556,913
Current assets
Debtors 4 194 7,720
Cash at bank and in hand 113,046 91,054
113,240 98,774
Creditors: amounts falling due within one year 5 (26,370) (18,571)
Net current assets 86,870 80,203
Net assets 627,872 637,116
Capital and reserves
Capital grants received 545,728 561,639
Profit and loss account 82,144 75,477
Shareholders' funds 627,872 637,116
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
D Whipp
Director
Approved by the board on 11 February 2025
West Craven Together
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
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.
Creditors
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.
Capital grants
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 795,574 68,509 864,083
At 30 June 2024 795,574 68,509 864,083
Depreciation
At 1 July 2023 238,662 68,508 307,170
Charge for the year 15,911 - 15,911
At 30 June 2024 254,573 68,508 323,081
Net book value
At 30 June 2024 541,001 1 541,002
At 30 June 2023 556,912 1 556,913
4 Debtors 2024 2023
£ £
Trade debtors 194 199
Accrued revenue - 7,521
194 7,720
5 Creditors: amounts falling due within one year 2024 2023
£ £
Rental income billed in advance 5,786 -
Taxation and social security costs 19,084 17,071
Other creditors 1,500 1,500
26,370 18,571
6 Capital grants received £ £
Grants received not yet released b/f 577,550 630,783
Grants released in the year (15,911) (15,911)
Grants received not yet released c/f 561,639 577,550
7 Other information
West Craven Together is a private company limited by Guarantee and incorporated in England. Its registered office is:
The Rainhill Centre
Rainhill Road
Barnoldswick
Lancashire
BB18 5DR
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