REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
FOR
- MALPAS VINTAGE MACHINERY ASSOCIATION LTD
MALPAS VINTAGE MACHINERY ASSOCIATION LTD
MALPAS VINTAGE MACHINERY ASSOCIATION LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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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 2024
DIRECTORS: T J Littler J R Blackwell R C Langley R J Gosmore J J H Lindsay J R Webb SECRETARY: Mrs A J Littler 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
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MALPAS VINTAGE MACHINERY ASSOCIATION LTD
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST DECEMBER 2024
The directors present their report with the financial statements of the company for the year ended 31st December 2024.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of holding a steam rally to raise funds for the charity. Charity number 514476
DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.
T J Littler
J R Blackwell R C Langley R J Gosmore J J H Lindsay J R Webb
- with the provisions of Part 15 of the Companies
Other changes in directors holding office are as follows:
A Barratt - resigned 19th May 2024 M Bradbury - resigned 21st August 2024
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
Date: .............................................
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MALPAS VINTAGE MACHINERY ASSOCIATION LTD
INCOME STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2024
| DRAF Notes TURNOVER Cost of sales GROSS PROFIT Administrative expenses OPERATING PROFIT 4 Interest receivable and similar income PROFIT BEFORE TAXATION Tax on profit PROFIT FOR THE FINANCIAL YEAR |
T 2024 £ 99,114 57,247 41,867 8,828 33,039 933 33,972 - 33,972 |
2023 £ 95,842 75,456 |
|---|---|---|
| 20,386 12,284 |
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| 8,102 48 |
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| 8,150 - |
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| 8,150 | ||
The notes form part of these financial statements
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MALPAS VINTAGE MACHINERY ASSOCIATION LTD (REGISTERED NUMBER: 01687888)
BALANCE SHEET
31ST DECEMBER 2024
| 2024 2023 |
|---|
| Notes £ £ £ |
| FIXED ASSETS |
| Tangible assets 5 2,141 1,845 |
| CURRENT ASSETS |
| Debtors 6 6,097 - |
| Cash at bank and in hand 88,542 77,829 |
| 94,639 77,829 |
| CREDITORS |
| Amounts falling due within one year 7 1,099 17,965 |
| DRAFT NET CURRENT ASSETS 93,540 59,864 TOTAL ASSETS LESS CURRENT LIABILITIES 95,681 61,709 RESERVES Retained earnings 95,681 61,709 95,681 61,709 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year en 31st December 2024. The members have not required the company to obtain an audit of its financial statements for the year en 31st December 2024 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 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 each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 ............................................. and were signed on its behalf by:
..........................................................................
T J Littler - Director
The notes form part of these financial statements
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MALPAS VINTAGE MACHINERY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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.
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value of the consideration received or receivable,
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current and deferred tax. Tax is recognised in the amount of tax payable using the tax rates and of all timing differences that have originated
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inclusion of income and expenses in tax in financial statements. Deferred tax is measured
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 7 (2023 - 10).
4. OPERATING PROFIT
The operating profit is stated after charging:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 536 | 460 |
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continued...
MALPAS VINTAGE MACHINERY ASSOCIATION LTD
| DRAFT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 5. TANGIBLE FIXED ASSETS COST At 1st January 2024 Additions At 31st December 2024 DEPRECIATION At 1st January 2024 Charge for year At 31st December 2024 NET BOOK VALUE At 31st December 2024 At 31st December 2023 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Accruals and deferred income Accrued expenses |
Plant and machinery etc £ 22,273 832 23,105 20,428 536 20,964 2,141 1,845 2024 2023 £ £ 6,097 - 2024 2023 £ £ - 17,105 300 - 799 860 1,099 17,965 |
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|---|---|---|
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MALPAS VINTAGE MACHINERY ASSOCIATION LTD
TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024
| D Turnover Donations Rally Income Memberships VAT Provision Written Back Cost of sales Rally Expenses GROSS PROFIT Other income Deposit account interest Expenditure Insurance Telephone Advertising Sundry expenses Accountancy Club Secretary Legal fees Depreciation Plant and machinery Computer equipment NET PROFIT |
RAF 2024 £ 1,020 80,434 555 17,105 2,334 83 602 1,755 878 2,640 - 293 243 |
T £ 99,114 57,247 41,867 933 42,800 8,292 34,508 536 33,972 |
2023 £ 525 94,957 360 - 2,116 77 1,372 3,389 1,770 2,860 240 366 94 |
£ 95,842 75,456 |
|---|---|---|---|---|
| 20,386 48 |
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| 20,434 11,824 |
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| 8,610 460 |
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| 8,150 |
This page does not form part of the statutory financial statements
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