SPREADI COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08911414 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

SPREADI COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SPREADI COMMUNITY INTEREST COMPANY

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Ms So Jung Rim
Ms Jungwon Kim


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 November 2023

And signed on behalf of the board by:
Name: Ms Jungwon Kim
Status: Director

SPREADI COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 1,077 ) ( 16,467 )
Other operating income: 0 9,807
Operating profit(or loss): (1,077) (6,660)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,077) (6,660)
Tax: 0 0
Profit(or loss) for the financial year: (1,077) (6,660)

SPREADI COMMUNITY INTEREST COMPANY

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 995
Cash at bank and in hand: 1,255 10
Investments:   0 0
Total current assets: 1,255 1,005
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 1,255 1,005
Total assets less current liabilities: 1,255 1,005
Creditors: amounts falling due after more than one year: 4 ( 25,008 ) ( 23,562 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 600 ) ( 719 )
Total net assets (liabilities): (24,353) (23,276)
Members' funds
Profit and loss account: (24,353) ( 23,276)
Total members' funds: ( 24,353) (23,276)

The notes form part of these financial statements

SPREADI COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 November 2023
and signed on behalf of the board by:

Name: Ms Jungwon Kim
Status: Director

The notes form part of these financial statements

SPREADI COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives on the following bases:Plant & Machinery 25% straight line

    Other accounting policies

    2.3. TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported inthe statement of comprehensive income because of items of income or expense that are taxable or deductible in otheryear and items that are never taxable or deductible. The company's liability for current tax is calculated using tax ratesthat have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financialstatements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities aregenerally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductibletemporary differences to the extent that it is probable that taxable surplus will be available against which thosedeductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of eachreporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be availableto allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which theliability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantivelyenacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities anddeferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequencesthat would follow from the manner in which the Company expects, at the end of the reporting period, to recover orsettle the carrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that arerecognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is alsorecognised in other comprehensive income or directly in equity respectively.

SPREADI COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

SPREADI COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Trade debtors 0 995
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 995
Debtors due after more than one year: 0 0

SPREADI COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 25,008 23,562
Total 25,008 23,562

Directors loan account 2023 £25,008 2022 £23,562

COMMUNITY INTEREST ANNUAL REPORT

SPREADI COMMUNITY INTEREST COMPANY

Company Number: 08911414 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The Directors of Spreadi Community Interest Company agreed to stop transactionsand close down the company. We did no activity this year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 November 2023

And signed on behalf of the board by:
Name: Jungwon Kim
Status: Director