Company registration number:
07579930
Work and Learn
Company limited by guarantee
Unaudited filleted financial statements
31 March 2018
Work and Learn
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Work and Learn
Company limited by guarantee
Statement of financial position
31 March 2018
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2018
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2017
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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5
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6,244
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3,224
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Cash at bank and in hand
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3,346
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3,281
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_______
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_______
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9,590
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6,505
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Creditors: amounts falling due
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within one year
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6
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(
8,420)
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(
5,880)
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_______
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_______
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Net current assets
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1,170
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625
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_______
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_______
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Total assets less current liabilities
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1,170
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625
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_______
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_______
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Net assets
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1,170
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625
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_______
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_______
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Capital and reserves
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Profit and loss account
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1,170
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625
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_______
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_______
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Members funds
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1,170
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625
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_______
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_______
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For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 December 2018
, and are signed on behalf of the board by:
Dr M Singh
Director
Company registration number:
07579930
Work and Learn
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is 410 Park Road, Loughborough, Leicestershire, LE11 2HN.
2.
Statement of compliance
These financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Fund accounting
General funds are unrestricted which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis.
4.
Limited by guarantee
The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
5.
Debtors
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2018
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2017
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£
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£
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Other debtors
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6,244
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3,224
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_______
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_______
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The amount of £6,244 is owed by Rail Vision Europe Ltd, a company in which one of the trustees has an interest. Rail Vision Europe Ltd made a donation of £3,020 to the charity in the year.
6.
Creditors: amounts falling due within one year
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2018
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2017
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£
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£
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Other creditors
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8,420
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5,880
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_______
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_______
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7.
Trustees remuneration
The trustees neither received nor waived any emoluments during the period.