COMMONWEALTH YOUTH COUNCIL LIMITED Accounts






COMMONWEALTH YOUTH COUNCIL LIMITED

	Company No. 08804079
		Information for Filing with The Registrar
		31 December 2022

The Directors present their report and the accounts for the year ended 31 December 2022.

Principal activities
The principal activity of the company during the year under review was activities of professional membership organisations.




Directors

The Directors who served at any time during the year were as follows:


Layne Anthony Robinson








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Layne Anthony Robinson
Director
31 December 2022

at	31 December 2022
Company No.		08804079	Notes	2022	2021
				£	£






Current assets



	Cash at bank and in hand			12,297	16,182
				12,297	16,182
Creditors: Amount falling due within one year			4	(1,320)	(3,600)
Net current assets				10,977	12,582
Total assets less current liabilities				10,977	12,582




Net assets				10,977	12,582

Reserves


	Income and expenditure account		5	10,977	12,582

Total equity				10,977	12,582



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.

Approved by the board on 31 December 2022 and signed on its behalf by:

Layne Anthony Robinson
Director
31 December 2022

for the year ended 31 December 2022

General information

COMMONWEALTH YOUTH COUNCIL LIMITED is a private company limited by guarantee and incorporated in England and Wales.

Its registered number is: 08804079

Its registered office is:

Marlborough House

Pall Mall

SW1Y 5HX

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the income and expenditure account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Creditors:
		amounts falling due within one year
			2022	2021
			£	£








		Other creditors	-	3,600
		Accruals and deferred income	1,320	-
			1,320	3,600

Reserves

Income and expenditure account - includes all current and prior period retained surpluses and deficits.