REGISTERED NUMBER: 00009141 (England and Wales)

THE MID YORKSHIRE CHAMBER OF COMMERCE

AND INDUSTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T G Welton

A P Turner

S Hopkins

S M Moore

S E Whitton

E A Brown

M Cooper

SECRETARY:

Eaton Smith LLP

REGISTERED OFFICE:

County Hall

Bond Street

Wakefield

WF1 2QW

REGISTERED NUMBER:

00009141 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

1,053

1,300

1,053

1,300

CURRENT ASSETS

Debtors

77,928

79,276

Cash at bank and in hand

217,480

275,344

295,408

354,620

CREDITORS

Amounts falling due within one year

310,326

327,265

NET CURRENT (LIABILITIES)/ASSETS

(14,918

)

27,355

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,865

)

28,655

RESERVES

Retained earnings

(13,865

)

28,655

(13,865

)

28,655

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2025 and were signed on its behalf by:

T G Welton - Director

1.	STATUTORY INFORMATION

The Mid Yorkshire Chamber of Commerce and Industry 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.

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.

The accounts have been prepared on a going concern basis with the continuing support of its principal creditors.

Turnover

Turnover comprises the value of services provided excluding value added tax.

The level of operating income also reflects the service charges generated by the issue and redemption of childcare vouchers, and other income including that generated by vouchers which have not, or are not expected to be, redeemed. Service charge income is recognised when vouchers are issued.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Fixtures and fittings - 2 to 10 years straight line

Computer equipment - 3 years straight line

In the year of acquisition, tangible fixed assets are depreciated from the date of purchase.

The carrying values of fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Grants

Grants in respect of expenditure on tangible fixed assets are treated as deferred income which is credited to the profit and loss account by instalments over the expected useful economic life of the related assets on a basis consistent with depreciation policy. Grants of a revenue nature are recognised in the profit and loss account of the period in respect of which they relate to..

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

5,247

DEPRECIATION

At 1 January 2024

and 31 December 2024

5,247

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

3,799

PROVISIONS

At 1 January 2024

2,499

Charge for year

247

At 31 December 2024

2,746

NET BOOK VALUE

At 31 December 2024

1,053

At 31 December 2023

1,300

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

716

716

Between one and five years

1,672

2,627

2,388

3,343

7.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee for an amount not exceeding £5 per member, less any calls previously made. No calls have been made.