The Aldershot & District Omnibuses Rescue & Restoration Society

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 03423760

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,950		5,950
Investments	5		21,902		21,902

			27,852		27,852
CURRENT ASSETS
Cash at bank and in hand		21,832		23,750

		21,832		23,750
Creditors: Amounts Falling Due Within One Year	6	(1,546 )		(1,547 )

NET CURRENT ASSETS (LIABILITIES)			20,286		22,203

TOTAL ASSETS LESS CURRENT LIABILITIES			48,138		50,055

NET ASSETS			48,138		50,055

Income and Expenditure Account			48,138		50,055

MEMBERS' FUNDS			48,138		50,055

For the year ending 31 December 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.

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 Laurie Powell

Director

23 February 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The Aldershot & District Omnibuses Rescue & Restoration Society is a private company, limited by guarantee, incorporated in England & Wales, registered number 03423760 . The registered office is Hampshire House, 204 Holly Road, Aldershot, Hampshire, GU12 4SE.

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

All incoming resources are recorded when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donated facilities are included at the value to the charity when this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by members.

Membership Subscriptions , donations and intersst is accounted for when received.

Income received from surplus storage space is accounted for in respect of the period.

Income from the sales stand is accounted for 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:

Plant & Machinery	10 years
Motor Vehicles	Not depreciated

The charity holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held to advance preservation and conservation objectives of the charity. Newly purchased heritage assets are capitalised and included at cost including any incidental expenses of acquisition.

The very long expected lives of heritage assets, due to their nature, value and need to be protected and preserved means that depreciation is not material and is, therefore, not provided.

2.4. Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by the donors or which have been raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the specific fund. The aim of each restricted fund is set out in the notes to the financial statements.

Investment income is allocated to the appropriate fund.

2.5. Resources Expended

All expenditure is accounted for an an accruals basis and has been classified under headings that aggregate all costs related to that category.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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The Aldershot & District Omnibuses Rescue & Restoration Society

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 January 2024	5,950

As at 31 December 2024	5,950

Net Book Value
As at 31 December 2024	5,950

As at 1 January 2024	5,950

5. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost
As at 1 January 2024	1	21,901	21,902

As at 31 December 2024	1	21,901	21,902

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	1	21,901	21,902

As at 1 January 2024	1	21,901	21,902

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	1,546	1,547

7. Company limited by guarantee

The company is limited by guarantee and has no share capital. It is a Registered Charity Number 1069954.

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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