Company Registration No. 04312876 (England and Wales)
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Unaudited accounts
for the year ended 31 December 2022
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Unaudited accounts
Contents
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Company Information
for the year ended 31 December 2022
Directors
REV AKIN LAOSUN
MR OLANIYI OLAOSEBIKAN
MR AKINLOLU AKINSOLA
MR KAYODE OLABISI
Company Number
04312876 (England and Wales)
Registered Office
THE CENTRE 79-83
LONDON ROAD
GRAYS
ESSEX
RM17 5YF
Accountants
AA MATTHEW & CO
NEWSPRING HOUSE
3 WORCESTER AVENUE
OLD SWAN
LIVERPOOL
L13 9AZ
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Statement of financial position
as at 31 December 2022
Tangible assets
19,383
18,840
Cash at bank and in hand
75,700
72,926
Creditors: amounts falling due within one year
(17,884)
(7,184)
Net current assets
59,167
65,983
Total assets less current liabilities
78,550
84,823
Creditors: amounts falling due after more than one year
(10,800)
(10,800)
Profit and loss account
67,750
74,023
Members' funds
67,750
74,023
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 28 September 2023 and were signed on its behalf by
REV AKIN LAOSUN
Director
Company Registration No. 04312876
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Notes to the Accounts
for the year ended 31 December 2022
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE is a private company, limited by guarantee, registered in England and Wales, registration number 04312876. The registered office is THE CENTRE 79-83, LONDON ROAD, GRAYS, ESSEX, RM17 5YF.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% REDUCING BALANCE
Motor vehicles
25% REDUCING BALANCE
Fixtures & fittings
25% REDUCING BALANCE
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
70,916
10,412
30,723
112,051
At 31 December 2022
77,920
10,412
30,723
119,055
At 1 January 2022
56,478
9,756
26,977
93,211
Charge for the year
5,361
164
936
6,461
At 31 December 2022
61,839
9,920
27,913
99,672
At 31 December 2022
16,081
492
2,810
19,383
At 31 December 2021
14,438
656
3,746
18,840
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Accrued income and prepayments
851
241
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
12,848
5,448
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
10,800
10,800
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 £10.
9
Capital commitments
2022
2021
There were no capital commitments at the end of the period.
At the date of the balance sheet there were no contingent liabilities.
There were no Directors Advances and credits therefore terms of credit and interest rates did not arise in the period.
12
Average number of employees
During the year the average number of employees was 3 (2021: 3).