| Liverpool Community Launderette Ltd |
| Registered number: |
10556191 |
| Statement of Financial Position |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
30,375 |
|
|
38,949 |
|
| Current assets |
| Debtors |
4 |
|
5,727 |
|
|
16,808 |
| Cash at bank and in hand |
|
|
81,940 |
|
|
40,879 |
|
|
|
87,667 |
|
|
57,687 |
|
| Creditors: amounts falling due within one year |
5 |
|
(64,330) |
|
|
(27,125) |
|
| Net current assets |
|
|
|
23,337 |
|
|
30,562 |
|
| Total assets less current liabilities |
|
|
|
53,712 |
|
|
69,511 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(18,180) |
|
|
(21,567) |
|
|
|
| Net assets |
|
|
|
35,532 |
|
|
47,944 |
|
|
|
|
|
|
|
|
| Reserves |
| Profit and loss account |
|
|
|
35,532 |
|
|
47,944 |
|
| Members' funds |
|
|
|
35,532 |
|
|
47,944 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Grace Harrison |
| Director |
| Approved by the board on 9 October 2025 |
|
| Liverpool Community Launderette Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis. The Management Committee have considered the level of funds held and the expected level of income and expenditure for the twelve months ahead from authorising these financial statements and assess the organisation to be a going concern. |
|
|
Turnover |
|
Turnover represents sales income from the launderette activities net of discounts and value added taxes. |
|
|
Government grants |
|
Grant income is recognised under Other Operating Income in the Income Statement.
Grants received in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas grants received to support operating activities are credited when the expenditure is charged to profit and loss. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Building renovation |
10% to 20% straight line |
|
Launderette equipment |
20% straight line |
|
Fixtures and fittings |
20% straight line |
|
|
Reserves |
|
Reserves at the end of the year were £35,532 (2024 : £47,944) The directors aim to designate £25,000 of reserves as a contingency fund to manage future operational risks and to maintain working capital to meet unforeseen needs. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2024 |
141,851 |
|
Additions |
2,065 |
|
At 31 January 2025 |
143,916 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
102,902 |
|
Charge for the year |
10,639 |
|
At 31 January 2025 |
113,541 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
30,375 |
|
At 31 January 2024 |
38,949 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
5,727 |
|
2,743 |
|
Other debtors |
- |
|
14,065 |
|
|
|
|
|
|
5,727 |
|
16,808 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
741 |
|
739 |
|
Taxation and social security costs |
3,355 |
|
4,889 |
|
Other creditors |
60,234 |
|
21,497 |
|
|
|
|
|
|
64,330 |
|
27,125 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
18,180 |
|
21,567 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Total income |
2025 |
|
2024 |
| £ |
£ |
|
|
Turnover from trading income |
147,426 |
|
116,181 |
|
Grant income |
66,887 |
|
70,309 |
|
|
|
|
|
|
|
214,313 |
|
186,490 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
No remuneration was paid to any member of the Management Committee in 2025 (2024: Nil) for their work or time on the Management Committee or as a director. The Committee includes paid members of staff employed by the launderette. |
|
|
| 9 |
Other information |
|
|
Liverpool Community Launderette Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
77 Grasmere Street |
|
Liverpool |
|
L5 6RH |