ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Company limited by guarantee

Company Registration Number:
06250781 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Asian Resource Centre of Croydon was established in 1999 as a charitable organisation with a view of bringing together Asian Communities & Businesses.Our mission is to foster, advance, and champion community engagement and volunteer initiatives that enhance the well-being, health, and overall quality of life within our local community.Our vision encompasses a thriving, inclusive, and enduring voluntary and community sector that enriches the lives of Asian and minority ethnic communities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

JAY PATEL
ASH BALAKRISHNAN
BHUPINDER BHARDWAY


Secretary SAHADAT HOSSAIN

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: JAY PATEL
Status: Director

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 905,554 622,116
Gross profit(or loss): 905,554 622,116
Administrative expenses: ( 710,574 ) ( 514,206 )
Operating profit(or loss): 194,980 107,910
Profit(or loss) before tax: 194,980 107,910
Profit(or loss) for the financial year: 194,980 107,910

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,286 5,714
Total fixed assets: 4,286 5,714
Current assets
Debtors: 4 34,930 19,589
Cash at bank and in hand: 537,165 359,343
Total current assets: 572,095 378,932
Net current assets (liabilities): 572,095 378,932
Total assets less current liabilities: 576,381 384,646
Creditors: amounts falling due after more than one year: 5 ( 13,353 ) ( 11,574 )
Provision for liabilities: ( 2,836 )
Total net assets (liabilities): 563,028 370,236
Members' funds
Profit and loss account: 563,028 370,236
Total members' funds: 563,028 370,236

The notes form part of these financial statements

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Balance sheet statements

For the year ending 31 March 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: JAY PATEL
Status: Director

The notes form part of these financial statements

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 14

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 33,768 33,768
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 33,768 33,768
Depreciation
At 1 April 2022 28,054 28,054
Charge for year 1,428 1,428
On disposals
Other adjustments
At 31 March 2023 29,482 29,482
Net book value
At 31 March 2023 4,286 4,286
At 31 March 2022 5,714 5,714

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 28,141 10,133
Other debtors 6,789 9,456
Total 34,930 19,589

ASIAN RESOURCE CENTRE OF CROYDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023 2022
£ £
Bank loans and overdrafts 2,980
Other creditors 13,353 8,594
Total 13,353 11,574