REGISTERED NUMBER: 05461601 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Langthwaite Business Association Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T L Crooks

J Farmery

D E Mothershaw

M J Stevenson

F J Mead

REGISTERED OFFICE:

Unit 18-20 Langthwaite Road

South Kirkby

Pontefract

WF9 3AP

REGISTERED NUMBER:

05461601 (England and Wales)

ACCOUNTANTS:

The Sanders Partnership

Chartered Accountants

19 King Street

The Civic Quarter

Wakefield

West Yorkshire

WF1 2SQ

FIXED ASSETS

Tangible assets

4

11,730

18,967

CURRENT ASSETS

Debtors

5

51,773

22,013

Cash at bank and in hand

75,765

100,510

127,538

122,523

CREDITORS

Amounts falling due within one year

6

24,725

19,607

NET CURRENT ASSETS

102,813

102,916

TOTAL ASSETS LESS CURRENT LIABILITIES

114,543

121,883

RESERVES

Income and expenditure account

114,543

121,883

114,543

121,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

D E Mothershaw - Director

1.	STATUTORY INFORMATION

Langthwaite Business Association Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the provision of BID levy and invoiced services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Equipment

-

over the remaining BID levy period

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.

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.

Provisions

Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2024

139,292

Additions

4,236

At 31 March 2025

143,528

DEPRECIATION

At 1 April 2024

120,325

Charge for year

11,473

At 31 March 2025

131,798

NET BOOK VALUE

At 31 March 2025

11,730

At 31 March 2024

18,967

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

48,165

18,316

Other debtors

3,608

3,697

51,773

22,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

841

2,070

Other creditors

23,884

17,537

24,725

19,607

7.	OTHER FINANCIAL COMMITMENTS

At 31st March 2025 the company had financial commitments not provided for in the financial statements totalling £25,000 (2024: £45,000).

8.	RELATED PARTY DISCLOSURES

The Directors have membership agreements with the Company, either in their own names or the names of their respective businesses, in which they are beneficially interested. These agreements are identical to all other members' agreements and all transactions are undertaken on the same terms as other members' agreements.

9.	LIMITED BY GUARANTEE

The company is limited by guarantee. The liability of the Members is limited to £1.

10.

DIRECTORS

There are 5 (2024 - 5) directors who support the BID implementation on a voluntary non-executive basis.