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Registered number: 14292630
Labour Climate And Environment Forum
Unaudited Financial Statements
For The Year Ended 31 August 2024
Moneypad Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14292630
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,976 586
2,976 586
CURRENT ASSETS
Debtors 5 23,813 -
Cash at bank and in hand 126,554 195,071
150,367 195,071
Creditors: Amounts Falling Due Within One Year 6 (97,656 ) (195,080 )
NET CURRENT ASSETS (LIABILITIES) 52,711 (9 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,687 577
NET ASSETS 55,687 577
Income and Expenditure Account 55,687 577
MEMBERS' FUNDS 55,687 577
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Paul McNamee
Director
08/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Labour Climate And Environment Forum is a private company, limited by guarantee, incorporated in England & Wales, registered number 14292630 . The registered office is Sustainable Ventures, County Hall, Belvedere Road, London, SE1 7GP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the amounts receivable from grant funding, sponsorship, rendering of services & donation income excluding value added tax, during the year. 
Grants are released in relation to the specific spending during the period, if performance-related conditions are imposed. If no performance-related conditions are imposed, then Grant income is recognised when received or receivable.
Income from event sponsorship and the rendering of services is recognised when the event takes place or the service has been rendered.
Donations are recognised when received. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight line 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 1)
5 1
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 595
Additions 2,799
As at 31 August 2024 3,394
Depreciation
As at 1 September 2023 9
Provided during the period 409
As at 31 August 2024 418
Net Book Value
As at 31 August 2024 2,976
As at 1 September 2023 586
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Other debtors 23,813 -
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 1,407 (1 )
Other creditors 72,907 177,061
Taxation and social security 23,342 18,020
97,656 195,080
7. Company limited by guarantee
Labour Climate and Environment Forum is a private company, limited by guarantee and has no share capital, registered in England and Wales.
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.
8. Grants, Donations and Other income
Grants Received During the Year and deferral towards Grant Period
Grant monies received - £550,643
Grant receipts unspent, deferred against expenditure in future relevant Grant period - £64,442
Donations received - £10,000
Page 3