| Lonely Orphans |
| Balance Sheet |
| as at 31 May 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,841 |
|
|
- |
|
| Current assets |
| Cash at bank and in hand |
|
|
50,028 |
|
|
13,572 |
|
| Creditors: amounts falling due within one year |
3 |
|
(1,199) |
|
|
(600) |
|
|
|
|
|
|
|
| Net current assets |
|
|
|
48,829 |
|
|
12,972 |
|
| Total assets less current liabilities |
|
|
|
52,670 |
|
|
12,972 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(6,100) |
|
|
(6,100) |
|
| Net assets |
|
|
|
46,570 |
|
|
6,872 |
|
|
|
|
|
|
|
|
| Reserves |
| Profit and loss account |
|
|
|
46,570 |
|
|
6,872 |
|
| Members' funds |
|
|
|
46,570 |
|
|
6,872 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Nazrul Islam |
| Director |
| Approved by the board on 27 February 2018 |
|
| Lonely Orphans |
| Notes to the Accounts |
| for the year ended 31 May 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Resources and fundraising |
|
Donation income is recognised in the year to which the donations are relates, as specified by the donors, subject to the criteria of certainty, entitlement and the measurement being met an achievement of specific milestones. Income related to future year is deferred. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 years |
|
Fixtures and fittings |
over 2 years |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
Lonely Orphan is a registered charity and spends all of its income for charitable purposes. So, Lonely Orphans does not required to pay Corporation tax on its surplus of funds. |
|
| 2 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
Additions |
1,649 |
|
4,230 |
|
5,879 |
|
At 31 May 2017 |
1,649 |
|
4,230 |
|
5,879 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
276 |
|
1,763 |
|
2,038 |
|
At 31 May 2017 |
276 |
|
1,763 |
|
2,038 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2017 |
1,373 |
|
2,467 |
|
3,841 |
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
1,199 |
|
600 |
|
|
|
|
|
|
1,199 |
|
600 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
6,100 |
|
6,100 |
|
|
|
|
|
|
6,100 |
|
6,100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Lonely Orphans is a private company limited by gurantee and incorporated in England. Its registered office is: |
|
78 Cambridge Heath Road |
|
London |
|
E1 5QJ |
