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REGISTERED NUMBER: 05082034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Pass It On (Gainsborough) Limited

Pass It On (Gainsborough) Limited (Registered number: 05082034)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pass It On (Gainsborough) Limited

Company Information
for the Year Ended 30 June 2022







DIRECTORS: Mrs I Allison
I Burgess





REGISTERED OFFICE: 70 Church Street
Gainsborough
Lincolnshire
DN21 2JR





REGISTERED NUMBER: 05082034 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
Unit 1, Sandars Road
Heapham Rd Ind Estate
Gainsborough
Lincolnshire
DN21 1RZ

Pass It On (Gainsborough) Limited (Registered number: 05082034)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,169 3,463

CURRENT ASSETS
Debtors 5 1,792 131
Cash at bank and in hand 12,646 23,979
14,438 24,110
CREDITORS
Amounts falling due within one year 6 529 3,168
NET CURRENT ASSETS 13,909 20,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,078

24,405

PROVISIONS FOR LIABILITIES 8 6
NET ASSETS 17,070 24,399

RESERVES
Income and expenditure account 17,070 24,399
17,070 24,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pass It On (Gainsborough) Limited (Registered number: 05082034)

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:




Mrs I Allison - Director



I Burgess - Director


Pass It On (Gainsborough) Limited (Registered number: 05082034)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Pass It On (Gainsborough) Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of donated goods and recycled clothing.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - at varying rates on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Grants received
Grants received in respect of improvement expenditure on the leasehold property are credited to profit and loss account over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Pass It On (Gainsborough) Limited (Registered number: 05082034)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2021 14,684 313 165 15,162
Additions - 267 - 267
At 30 June 2022 14,684 580 165 15,429
DEPRECIATION
At 1 July 2021 11,256 278 165 11,699
Charge for year 514 47 - 561
At 30 June 2022 11,770 325 165 12,260
NET BOOK VALUE
At 30 June 2022 2,914 255 - 3,169
At 30 June 2021 3,428 35 - 3,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Tax 1,650 -
Prepayments 142 131
1,792 131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade creditors - 312
Tax - 2,377
Social security and other taxes 49 -
Accrued expenses 480 479
529 3,168

7. ULTIMATE CONTROLLING PARTY

No individual or organisation is able to exercise control over the company.

8. LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.