REGISTERED NUMBER: 00053741 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LANCASTER & MORECAMBE CHAMBER OFCOMMERCE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr C Gardner

Mr D T Barry

Mr S M Blakemore

Mr D Braithwaite

Ms H L Crammond

Mr A J Eagles

Mr M A Harrison

Mr R J Hart

Mr D E Park

Mr J E Powell

Mr A D Richards

Ms A L Walker

Mr J S Wright

SECRETARY:

Mr D E Park

REGISTERED OFFICE:

C/O Lancaster & Morecambe College

Morecambe Road

Lancaster

Lancashire

LA1 2TY

REGISTERED NUMBER:

00053741 (England and Wales)

ACCOUNTANTS:

BCS (North West) Limited

95 King Street

Lancaster

Lancashire

LA1 1RH

FIXED ASSETS

Tangible assets

4

3,417

831

CURRENT ASSETS

Debtors

5

41,430

29,801

Cash at bank and in hand

252,731

288,248

294,161

318,049

CREDITORS

Amounts falling due within one year

6

93,100

92,994

NET CURRENT ASSETS

201,061

225,055

TOTAL ASSETS LESS CURRENT LIABILITIES

204,478

225,886

RESERVES

Income and expenditure account

7

204,478

225,886

204,478

225,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 surplus or deficit 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2026 and were signed on its behalf by:

Mr A D Richards - Director

Mr D E Park - Director

1.	STATUTORY INFORMATION

Lancaster & Morecambe Chamber ofCommerce 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

The Company has obtained exemption from the Revenue Commissioners in respect of corporation tax relating to the main trade, on the basis that it's objective is not to generate a profit. However, all investment income, including income from properties, commission income and interest received are chargeable to corporation tax at the appropriate rate for the year.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

2,850

5,013

7,863

Additions

-

4,430

4,430

Disposals

-

(3,361

)

(3,361

)

At 31 March 2026

2,850

6,082

8,932

DEPRECIATION

At 1 April 2025

2,424

4,608

7,032

Charge for year

106

1,738

1,844

Eliminated on disposal

-

(3,361

)

(3,361

)

At 31 March 2026

2,530

2,985

5,515

NET BOOK VALUE

At 31 March 2026

320

3,097

3,417

At 31 March 2025

426

405

831

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

32,904

25,540

Other debtors

8,526

4,261

41,430

29,801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

7,856

3,824

Taxation and social security

14,394

15,323

Other creditors

70,850

73,847

93,100

92,994

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2025

225,886

Deficit for the year

(21,408

)

At 31 March 2026

204,478

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without reference to ourselves.

BCS (North West) Limited

95 King Street

Lancaster

Lancashire

LA1 1RH

22 June 2026