Company Registration No. 00019836 (England and Wales)
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Unaudited accounts
for the year ended 31 December 2022
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Unaudited accounts
Contents
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Company Information
for the year ended 31 December 2022
Directors
Mr W N Goldstein
Mr J N Hassall
Ms A C Holt
Mr R J Moore
Mr J F S Preece
Mr G Smith
Mr M Wilkinson
Company Number
00019836 (England and Wales)
Registered Office
GROUND FLOOR 1 BOOTH STREET
GREG'S BUILDINGS
MANCHESTER
M2 4DU
ENGLAND
Accountants
Montague Charles Ltd
Hesketh Mount
92 Lord Street
Southport
PR8 1JR
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Statement of financial position
as at 31 December 2022
Investments
365,306
382,879
Cash at bank and in hand
63,637
81,758
Creditors: amounts falling due within one year
(60,569)
(103,646)
Net current assets
35,296
8,943
Net assets
400,602
391,822
Profit and loss account
400,602
391,822
Members' funds
400,602
391,822
For the year ending 31 December 2022 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2023 and were signed on its behalf by
Mr M Wilkinson
Director
Company Registration No. 00019836
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Notes to the Accounts
for the year ended 31 December 2022
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE) is a private company, limited by guarantee, registered in England and Wales, registration number 00019836. The registered office is GROUND FLOOR 1 BOOTH STREET, GREG'S BUILDINGS, MANCHESTER, M2 4DU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the total value of subscriptions, fines, use of the internet, photocopier and e-mail and any donations in the year excluding value added tax, with any irrecoverable items being charged against income in the appropriate accounting year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
28,149
32,911
61,060
At 31 December 2022
28,149
32,911
61,060
At 1 January 2022
28,149
32,911
61,060
At 31 December 2022
28,149
32,911
61,060
MANCHESTER INCORPORATED LAW LIBRARY SOCIETY(THE)
Notes to the Accounts
for the year ended 31 December 2022
5
Investments
Other investments
Valuation at 1 January 2022
382,879
Fair value adjustments
(18,164)
Valuation at 31 December 2022
365,306
The investment policy followed by the Board is in accordance with resolutions approved by the members and the general powers vested in the directors. The policy is to act on professional advice and invest in market quoted investments providing a yield with long term stability.
Amounts falling due within one year
Accrued income and prepayments
27,162
26,081
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
23,707
24,129
Taxes and social security
495
500
Deferred income
36,367
77,756
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £5.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).