LIGHT RAIL TRANSIT ASSOCIATION

LIGHT RAIL TRANSIT ASSOCIATION

LIGHT RAIL TRANSIT ASSOCIATION - Company Information

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LIGHT RAIL TRANSIT ASSOCIATION

Company limited by guarantee

Company Registration Number:
05072319 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2018

Period of accounts

Start date: 1 January 2018

End date: 31 December 2018

LIGHT RAIL TRANSIT ASSOCIATION

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Additional notes
Balance sheet notes

LIGHT RAIL TRANSIT ASSOCIATION

Balance sheet

As at 31 December 2018

Notes 2018 2017


£
£
Fixed assets
Tangible assets:   0 0
Investments: 2 5,200 5,100
Total fixed assets: 5,200 5,100
Current assets
Stocks: 3 10,538 20,538
Debtors: 4 7,302 10,942
Cash at bank and in hand: 144,995 127,379
Total current assets: 162,835 158,859
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 80,918 ) ( 87,455 )
Net current assets (liabilities): 81,917 71,404
Total assets less current liabilities: 87,117 76,504
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 87,117 76,504
Members' funds
Profit and loss account: 87,117 76,504
Total members' funds: 87,117 76,504

The notes form part of these financial statements

LIGHT RAIL TRANSIT ASSOCIATION

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 July 2019
and signed on behalf of the board by:

Name: P J Rowen
Status: Director

The notes form part of these financial statements

LIGHT RAIL TRANSIT ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2018

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of value added tax.

LIGHT RAIL TRANSIT ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Fixed assets investments note

The company owns 40% of LRTA (Publishing) Ltd the other 60% (2017 40%) being owned by Howard Johnston Associates Ltd, a Company partly controlled by M A Johnston, a Director of the Company. The Company is represented on the Board of that Company by P J Rowen and H Retallick neither of whom received any remuneration for their services as Directors.

LIGHT RAIL TRANSIT ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Stocks

2018 2017
£ £
Stocks 10,538 20,538
Total 10,538 20,538

LIGHT RAIL TRANSIT ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Debtors

2018 2017
£ £
Trade debtors 1,532 3,565
Prepayments and accrued income 0 0
Other debtors 5,770 7,377
Total 7,302 10,942

LIGHT RAIL TRANSIT ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Creditors: amounts falling due within one year note

2018 2017
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 6,697 11,539
Other creditors 74,221 75,916
Total 80,918 87,455