2022-12-31-accounts

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

	Page
Company Information	1
Report of the Directors	2
Income Statement	3
Balance Sheet	4
Notes to the Financial Statements	5
Trading and Profit and Loss Account	7

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2022

DIRECTORS:	T J Littler
	A Barratt
	J R Blackwell
	W Evans
	R C Langley
	G W Moore
	R W Pickering
	R J Gosmore
	J J H Lindsay
	J R Webb FRICS FCILA
SECRETARY:	Mrs A Mort
REGISTERED OFFICE:	Park Lodge
	Rhosddu Road
	Wrexham
	WREXHAM
	LL11 1NF
REGISTERED NUMBER:	01687888 (England and Wales)
ACCOUNTANTS:	GODFREY EDWARDS
	Park Lodge
	Rhosddu Road
	Wrexham
	WREXHAM
	LL11 1NF

Page 1

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST DECEMBER 2022

The directors present their report with the financial statements of the company for the year ended 31st December 2022.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2022 to the date of this report.

T J Littler A Barratt J R Blackwell W Evans R C Langley G W Moore R W Pickering

Other changes in directors holding office are as follows:

W T Higgins - resigned 23rd August 2022 Ms J Higgins - resigned 23rd August 2022 Ms K A Jones - resigned 18th January 2022 A Tatton - resigned 18th January 2022 R J Gosmore - appointed 24th August 2022 J J H Lindsay - appointed 24th August 2022 J R Webb FRICS FCILA - appointed 24th August 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

T J Littler - Director

20th July 2023

Page 2

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

INCOME STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2022

Notes TURNOVER Cost of sales GROSS PROFIT Administrative expenses OPERATING PROFIT/(LOSS) 4 Interest receivable and similar income PROFIT/(LOSS) BEFORE TAXATION Tax on profit/(loss) PROFIT/(LOSS) FOR THE FINANCIAL YEAR	2022 £ 85,525 46,834 38,691 5,699 32,992 7 32,999 - 32,999	2021 £ 1,396 - 1,396 5,093 (3,697) 2 (3,695) - (3,695)

The notes form part of these financial statements

Page 3

MALPAS VINTAGE MACHINERY ASSOCIATION LTD (REGISTERED NUMBER: 01687888)

BALANCE SHEET

31ST DECEMBER 2022

Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Retained earnings	2022 £ - 70,446 70,446 17,720	£ 833 52,726 53,559 53,559 53,559	2021 £ 120 22,803 22,923 3,404	£ 1,041 19,519
				20,560
				20,560
				20,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 profit or loss 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20th July 2023 and were signed on its behalf by:

T J Littler - Director

The notes form part of these financial statements

Page 4

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Malpas Vintage Machinery Association Ltd is a private company, limited by shares, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 11).

4. OPERATING PROFIT/(LOSS)

The operating profit (2021 - operating loss) is stated after charging:

	2022		2021
	£		£
Depreciation - owned assets		-	271

Page 5

continued...

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

5. TANGIBLE FIXED ASSETS COST At 1st January 2022 and 31st December 2022 DEPRECIATION At 1st January 2022 Eliminated on disposal At 31st December 2022 NET BOOK VALUE At 31st December 2022 At 31st December 2021 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Other creditors Accrued expenses	Plant and machinery etc £ 20,801 19,760 208 19,968 833 1,041 2022 2021 £ £ - 120 2022 2021 £ £ - 808 17,105 18 - 2,105 615 473 17,720 3,404

Page 6

MALPAS VINTAGE MACHINERY ASSOCIATION LTD

TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2022

Turnover Donations Rally Income Memberships Cost of sales Rally Expenses GROSS PROFIT Other income Deposit account interest Expenditure Insurance Telephone Advertising Sundry expenses Rally Organiser Accountancy Club Secretary Depreciation Plant and machinery NET PROFIT/(LOSS)	2022 £ 167 84,948 410 971 73 765 664 1,200 818 1,000	£ 85,525 46,834 38,691 7 38,698 5,491 33,207 208 32,999	2021 £ - - 1,396 1,218 72 - 237 2,000 1,296 -	£ 1,396 - 1,396 2 1,398 4,823 (3,425) 270 (3,695)

This page does not form part of the statutory financial statements

Page 7