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REGISTERED NUMBER: 07961056 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

God's Covenant Church (GCC)

God's Covenant Church (GCC) (Registered number: 07961056)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


God's Covenant Church (GCC)

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D Birke
T Gete





REGISTERED OFFICE: 17 Imperial House
64 Willoughby Lane
Tottenham
London
N17 0SP





REGISTERED NUMBER: 07961056 (England and Wales)





ACCOUNTANTS: Peters & Co
Chartered Certified Accountants
Imperial House
64 Willoughby Lane
London
N17 0SP

God's Covenant Church (GCC) (Registered number: 07961056)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,233 16,310

CURRENT ASSETS
Debtors 5 1,750 1,750
Cash at bank 20,582 19,234
22,332 20,984
CREDITORS
Amounts falling due within one year 6 2,085 1,506
NET CURRENT ASSETS 20,247 19,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,480

35,788

RESERVES
Income and expenditure account 32,480 35,788
32,480 35,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 10 November 2023 and were signed on its behalf by:





D Birke - Director


God's Covenant Church (GCC) (Registered number: 07961056)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

God's Covenant Church (GCC) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

God's Covenant Church (GCC) (Registered number: 07961056)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 22,525
DEPRECIATION
At 1 March 2022 6,215
Charge for year 4,077
At 28 February 2023 10,292
NET BOOK VALUE
At 28 February 2023 12,233
At 28 February 2022 16,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,750 1,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,085 1,506