Company reglstratlon number: N1028926 Llsnaskea Communlty Entorprl8es Ltd Company Ilmlted by guarantee Unaudlted flnanclal 8tatemonts 310ecember 2023
Llsna8kea Communlty Enterprfse$ Ltd Company Ilmlted by guarantee Statement of comprehenslve Income Year •nd•d 31 D•c•mber 2023 2023 2022 Note Turnover Cosl of 8ale8 165,579 {13,223) 147,914 (23,641) Gross profit 152,356 124,273 AdmSnlstratN8 8XP8ns88 Other operating income (97,335) 6,008 {87,186) 12.760 Op•ratlng proflt 61.029 49,847 Other Interest receivable and Slmllar Incwne Proflt before taxallon 12,106 73,135 52 49,899 Tax on proflt Profit for the flnanclal year and totsl compr•hen•lve Income 73,135 49,899 All the acllvttie8 of the company ar8 from conUnulng operations. The notes on pages 7 to 11 fonn part ol these financlal statements. Page 3
L18naskea Comrnunlty Entsrprlses Ltd Company Ilmlted by guarantee ststement of financlal posltlon 31 December 2023 2023 2022 Note Flxed assets Tangible assets 7 1,092,393 1,133,226 1,092,393 1,133,226 Current a8•ets Stocks Debtors Investmen18 Cash at bank arKI In hand 37,708 17,754 200,0(KI 325,971 37,708 16.783 200.000 239,351 581.433 493,842 Credltorn: amounts falllng due wllhln one year 10 (26,190) (23,874) Net current assets 555,243 469,968 Total assets lem currnnt Ilabllltl•8 1,647,636 1,603.194 Credltorn: amount• falllng due after morn than one year 11 (686,721) 960,915 (715,414) Net a8•ets 887,780 Capltsl and reserve• Revaluation reseNe Profit and loss account 46,074 914,841 46,074 841,706- Membern fundg 960,915 887,780 For the year endSng 31 December 2023 the company was entitted to exemptk)n trom audli under seciion 477 of the Companies Act 2006 relating lo small companies. Directors responsibilitie8: The m8mber8 have not raqulred the company to obtaln an audlt of its financlal statements for th8 yaar In question In accordance with section 476,. The directors acknowledge their rewsibillties for complying with the requirements of the Ad with respect to accountlng records and the preparats'on of financlal statements. These financial statements have been prepared in accordance wrth the provlslons appllcable lo companles subject to the small companies. regime and in accordance with Sectbon 1A of FRS 102 The Financial Reporbng Standard applicable in the UK and Republic of Ireland,. Th• notes on page• 7 to 11 ft>rm part of the•e financlal Statements. Page 4
Llsnaskea Communlty Enterprlses Ltd Company Ilmlted by guarantee statement of changes In equlty Year •nd•d 31 December 2023 Revaluatk)n reserve Profit and 108S account Total At 1 January 2022 46,074 791,807 837,881 Profll for the year 49,899 49,899 Total comprehenslv• Income for the year 49,899 49.899 At 31 December 2022 and 1 January 2023 46,074 841,706 887,780 Pn)flt for the year 73,135 73,135 Total comprehenslve Income for the ar 73,135 73.135 At 31 December 2023 46,074 914,841 960,915 Page 6
Llsnaskea Communlty Enterprlses Ltd Company Ilmfted by guarantee Note8 to the flnancial statements (contlnued) Year ended 31 Dec•mber 2023 Flnanclal Instruments A flnanclal asset or a financial Ilabillty Is recognlsed only when the company become8 a paty to the contractual provlsions of the Instrument. Basic financlal Instruments are inltlally recogntsed at th8 transactlon prlce, unless the arrangement constitutes a financing transactlon, where it is recognlsed at the present value of the future payments discounted at 8 market rate of interest lor a 8imilar debt Instrument. Debt instruments are subSequenY measured at arnortised cost. Where investments In non-convertible preference shares and non-puttable ordlnary shares or preference shares are publicly traded or thelr fair value can otheTh¥ise be measured reliably. the Investment is subsequently measured at fair value with changes in fair value recognised in profit or108S. All other such Investments are subsequently measured at cost less Impalm)ent. Other Ilnancial instwments, including derivatlves, are Initially recognis8d at fair value. unless payment for an asset is deferred beyond normal buslness lerms or financed at a rate of interest that Is not a rnarket rate, In whlch case the asset 18 measured at the present value of the future payments discounted at a market r8t8 ol Interest for a slmilar debt In8trum8nt. Other financial instruments are subsaquently measured at fair value, wlth any changes recogn18ed in profil or loss, with the exception of hedging instruments In a designated hedging r8lationshlp. Financial assets that are measured at cost or amortised cost are reviewed for 0.eCtIVe evldence of Impalrmenl at the end of each reportlng date. 11 there Is objective evidenc8 ol Impalrment, an Impalrmenl10881s recognlsed In proflt or108s Immedlately. For all equlty instruments regardless of significance, and other financlal a88ets that are Indlvldually slgnificant, these are assessed indlvldually for Impaimient. Other financlal assets or either assessed indivldually or group8d on the basls of 81mllar credlt r18k characterlstlcs. Any reversals of impalrment are recognised In profil or10&8 immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impaimient not previously been recognised. Llmlt•d by guarnntee The company18 limfted by guarantee wlth no 8hare capltal, therefor8 the dlreclor8 hold no Intere81. Employee numbern The average number of persons employed by th8 company durlng the year amounted to 1 (2022: 1). Profft before taxatlon Profit before taxatlon Is stated after chargingl(crediting}: 2023 2022 Depraclatk)n of tanglble a8sats 40,833 41,615 Page 9
Llsnaskea Communlty Enterprf$¢s Ltd Company Ilmlled by guarantee Notes to the flnanclal Statements Icontlnuéd) Year •nd•d 31 Dec•mber 2023 Tanglble assets Freehold Flxtures, property fittings and equipment Total Cost Al 1 January 2023 and 31 December 2023 Depreclatlon At 1 January 2023 Charge for the year 1.846,300 104.948 1,951,248 742.590 36.406 75,432 4.427 818,022 40,833 At 31 December 2023 778,996 79,859 858,855 Carrylng amount At 31 December 2023 1,067,304 25,089 1,092,393 At 31 December 2022 1,103,710 29,516 1,133,226 Debtor• 2023 2022 Trade debtor8 Other debtors 7,979 8,804 13,208 17,754 16,783 nvtfflants 2023 2022 Other Inve8tm8nt8 200,000 200.000 10. Credftor8: amounts falllng due wlthln one year 2023 2022 Social security and other taxes Other credltors 4.829 21,361 3.517 20.357 26,190 23,874 Page 10
Llsnaskea Cornmunlty Enterprlses Ltd Company Ilmlted by guarantee Notes to the flnanclal ¥tatements (contlnued) Year ended 31 Dec•rnr 2023 11. Credltorn: amounts falllng due after more than one year 2023 2022 Other creditors 686,721 715,414 pago 11
Lisnaskea Community Enterprises Ltd Company limited by guarantee The rnembers have not required the company to obLqin an audit of its financial statements for the year in question accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and m accordance with Section IA of FRS 102 'The Financial Reporting Standard applicable in the Uk and Republic of Ireland,. Statement of financial position (continued) 31 December 2023 These financial statements were approved by the board of dirtorS and authorised for issue on and are $18ned on beha theb ohn Wesley Warrington Director Company registration numb¢r.' Nl 028925 Mr Shaun Curran DArlor The notes on pages 7 to i I fonn part of these financial statements. Page 5