IRIS Accounts Production v24.3.2.46 02859595 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028595952023-12-31028595952024-12-31028595952024-01-012024-12-31028595952022-12-31028595952023-01-012023-12-31028595952023-12-3102859595ns15:EnglandWales2024-01-012024-12-3102859595ns14:PoundSterling2024-01-012024-12-3102859595ns10:Director12024-01-012024-12-3102859595ns10:CompanyLimitedByGuarantee2024-01-012024-12-3102859595ns10:SmallEntities2024-01-012024-12-3102859595ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102859595ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102859595ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102859595ns10:FullAccounts2024-01-012024-12-3102859595ns10:Director22024-01-012024-12-3102859595ns10:Director32024-01-012024-12-3102859595ns10:Director42024-01-012024-12-3102859595ns10:Director52024-01-012024-12-3102859595ns10:Director72024-01-012024-12-3102859595ns10:Director82024-01-012024-12-3102859595ns10:Director92024-01-012024-12-3102859595ns10:Director102024-01-012024-12-3102859595ns10:Director132024-01-012024-12-3102859595ns10:Director142024-01-012024-12-3102859595ns10:Director152024-01-012024-12-3102859595ns10:RegisteredOffice2024-01-012024-12-3102859595ns5:CurrentFinancialInstruments2024-12-3102859595ns5:CurrentFinancialInstruments2023-12-3102859595ns5:RetainedEarningsAccumulatedLosses2024-12-3102859595ns5:RetainedEarningsAccumulatedLosses2023-12-3102859595ns5:LandBuildings2024-01-012024-12-3102859595ns5:PlantMachinery2024-01-012024-12-3102859595ns5:LandBuildings2023-12-3102859595ns5:PlantMachinery2023-12-3102859595ns5:LandBuildings2024-12-3102859595ns5:PlantMachinery2024-12-3102859595ns5:LandBuildings2023-12-3102859595ns5:PlantMachinery2023-12-3102859595ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102859595ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 02859595 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED

THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED (REGISTERED NUMBER: 02859595)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Savage
R J G Francis
M R J Gibbs
A J Cooper
M W Vere
A J Diskin
A Francis
J R Freeman
M P Harrison
A Twynham
Z Kafetzis
J R Potter





REGISTERED OFFICE: 35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB





REGISTERED NUMBER: 02859595 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED (REGISTERED NUMBER: 02859595)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,782 101,097

CURRENT ASSETS
Stocks 3,061 1,540
Debtors 5 1,385 792
Cash at bank and in hand 77,367 64,280
81,813 66,612
CREDITORS
Amounts falling due within one year 6 5,485 6,205
NET CURRENT ASSETS 76,328 60,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,110

161,504

PROVISIONS FOR LIABILITIES 7,169 7,373
NET ASSETS 159,941 154,131

RESERVES
Income and expenditure account 159,941 154,131
159,941 154,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED (REGISTERED NUMBER: 02859595)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





A J Cooper - Director


THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED (REGISTERED NUMBER: 02859595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Sheffield and District Society of Model and Experimental Engineers Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises members subscriptions, donations and net receipts for train rides, catering and related activities, excluding Value Added tax.
Subscriptions are included on the basis of cash received during the year, with no provision for subscriptions in arrears or expired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 20 years
Plant and machinery etc - Straight line over 20 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

THE SHEFFIELD AND DISTRICT SOCIETY OF
MODEL AND EXPERIMENTAL ENGINEERS LIMITED (REGISTERED NUMBER: 02859595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 180,394 117,254 297,648
Additions 206 4,602 4,808
At 31 December 2024 180,600 121,856 302,456
DEPRECIATION
At 1 January 2024 118,521 78,030 196,551
Charge for year 9,031 6,092 15,123
At 31 December 2024 127,552 84,122 211,674
NET BOOK VALUE
At 31 December 2024 53,048 37,734 90,782
At 31 December 2023 61,873 39,224 101,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,385 792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,685 4,695
Other creditors 1,800 1,510
5,485 6,205

7. LIMITED BY GUARANTEE

The company is limited by the guarantee of every member to contribute such an amount as may be required up to a maximum of £10 each.