Company Registration No. 02894275 (England and Wales)
Hereford Society of Model Engineers Limited
Unaudited accounts
for the year ended 31 October 2024
Hereford Society of Model Engineers Limited
Unaudited accounts
Contents
Hereford Society of Model Engineers Limited
Company Information
for the year ended 31 October 2024
Directors
W Sykes
M J R Donovan
D R Coe
T J Carter
N R B Linwood
G J Richards
W Sykes
M Burgess
F Jenkins
Company Number
02894275 (England and Wales)
Registered Office
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
England
Accountants
Armstrong Rogers & Co
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Hereford Society of Model Engineers Limited
Statement of financial position
as at 31 October 2024
Tangible assets
20,905
17,361
Cash at bank and in hand
27,700
28,168
Creditors: amounts falling due within one year
(654)
(669)
Net current assets
28,004
28,968
Revaluation reserve
14,737
14,737
Profit and loss account
34,172
31,592
Members' funds
48,909
46,329
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 19 February 2025 and were signed on its behalf by
D R Coe
Director
Company Registration No. 02894275
Hereford Society of Model Engineers Limited
Notes to the Accounts
for the year ended 31 October 2024
Hereford Society of Model Engineers Limited is a private company, limited by guarantee, registered in England and Wales, registration number 02894275. The registered office is 45 Etnam Street, Leominster, Herefordshire, HR6 8AE, England.
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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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the useful life of the property
Plant & machinery
5 % and 10% over the useful life of the equipment
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.
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Tangible fixed assets
Total
At 1 November 2023
191,233
At 31 October 2024
198,871
At 1 November 2023
173,872
At 31 October 2024
177,966
Hereford Society of Model Engineers Limited
Notes to the Accounts
for the year ended 31 October 2024
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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.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).