## **Lymm Youth And Community Association Ltd**
**Company No. 06525466**
**Directors' Report and Unaudited Accounts**
**31 March 2023**
**Lymm Youth And Community Association Ltd Contents**
||Pages|
|---|---|
|Company Information|2|
|Directors' Report|3|
|Income and Expenditure Account|4|
|Balance Sheet|5|
|Notes to the Accounts|6 to 8|
Page 1
**Lymm Youth And Community Association Ltd Company Information**
## **Directors**
R. Bennett S. Griffiths
## **Secretary**
G. Reynolds
## **Registered Office**
1 Bridgewater Street Lymm Cheshire WA13 0AB
## **Accountants**
David Woodyatt & Co. Ltd Chapel House 22 Warrington Road Lymm Cheshire WA13 9BG
Page 2
**Lymm Youth And Community Association Ltd Directors Report**
The Directors present their report and the accounts for the year ended 31 March 2023.
## **Principal activities**
The principal activity of the company during the year under review was charity.
## **Directors**
The Directors who served at any time during the year were as follows:
R. Bennett J. Griffiths (Resigned 29 May 2023) S. Griffiths
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
S. Griffiths Director 22 September 2023
Page 3
**Lymm Youth And Community Association Ltd Income and Expenditure Account for the year ended 31 March 2023**
|**for the year ended 31 March 2023**|||
|---|---|---|
|**Turnover**
Administrative expenses
**Operating surplus**
Other interest receivable
**Surplus on ordinary activities before taxation**
**Taxation**
**Surplus for the financial year after taxation**|**2023**
**£**
40,375
(26,557)
13,818
210
14,028
-
14,028|**2022**
**£**
40,972
(28,114)|
|||12,858
-|
|||12,858
-|
|||12,858|
Page 4
**Lymm Youth And Community Association Ltd Balance Sheet**
## **at 31 March 2023**
|**at 31 March 2023**||
|---|---|
|**Company No.**
**06525466**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
4
2,346
2,346
**Current assets**
Cash at bank and in hand
121,712
121,712
**Creditors:**Amount falling due within one year
5
(420)
**Net current assets**
121,292
**Total assets less current liabilities**
123,638
**Net assets**
123,638
**Reserves**
Income and expenditure account
123,638
**Total equity**
123,638|**2022**
**£**
3,519|
||3,519
106,441|
||106,441
(350)|
||106,091
109,610|
||109,610|
||109,610|
||109,610|
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 March 2023 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.
Approved by the board on 22 September 2023
And signed on its behalf by:
S. Griffiths Director 22 September 2023
Page 5
**Lymm Youth And Community Association Ltd Notes to the Accounts**
**for the year ended 31 March 2023**
- 1 **General information**
Lymm Youth And Community Association Ltd is a private company limited by guarantee and incorporated in England and Wales. Its registered number is: 06525466 Its registered office is: 1 Bridgewater Street Lymm Cheshire WA13 0AB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
- 2 **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.
## **Tangible fixed assets and depreciation**
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and 33% Reducing balance equipment
Page 6
**Lymm Youth And Community Association Ltd Notes to the Accounts**
## **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.
## **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**
|**2023**
**Number**
The average monthly number of employees (including
directors) during the year was:
0
4
**Tangible fixed assets**
**Cost or revaluation**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book values**
At 31 March 2023
At 31 March 2022|**Fixtures,**
**fittings and**
**equipment**
**£**
31,313|**2022**
**Number**|
|---|---|---|
|||0|
|||**Total**
**£**
31,313|
||31,313|31,313|
||27,794
1,173|27,794
1,173|
||28,967|28,967|
||2,346|2,346|
||3,519|3,519|
Page 7
**Lymm Youth And Community Association Ltd Notes to the Accounts**
- 5 **Creditors:**
amounts falling due within one year
|**reditors:**
amounts falling due within one year|||
|---|---|---|
|Accruals and deferred income|**2023**
**£**
420
420|**2022**
**£**
350|
|||350|
## 6 **Reserves**
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
Page 8
**Lymm Youth And Community Association Ltd Detailed Income and Expenditure Account**
## **for the year ended 31 March 2023**
|**Turnover**
Premises costs
Light, heat and power
Premises cleaning
Premises repairs and maintenance
General administrative costs, including
depreciation and amortisation
Depreciation of fixtures, fittings and
equipment
General insurances
Software, IT support and related costs
Stationery and printing
Subscriptions
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional costs
**Administrative expenses**
**Operating surplus**
Other interest receivable
Bank interest receivable
**Surplus on ordinary activities before taxation**|**2023**
**£**
40,375
10,576
6,030
2,341
18,947
1,173
1,360
693
517
1,141
2,306
7,190
420
-
420
26,557
13,818
210
210
14,028|**2022**
**£**
40,972
1,648
4,977
7,158|
|---|---|---|
|||13,783|
|||1,758
1,177
738
795
1,090
1,583|
|||7,141|
|||350|
|||6,840|
|||7,190|
|||28,114|
|||12,858
-|
|||-|
||||
|||12,858|
Page 9