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REGISTERED NUMBER: 03350147 (England and Wales)



































Financial Statements

for the Year Ended 31 March 2023

for

The Courtyard Trading Co. Limited

The Courtyard Trading Co. Limited (Registered number: 03350147)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Courtyard Trading Co. Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Liddle
R M Temple
J Cobb
B H Freeman
N S L Maud





SECRETARY: M G Fletcher





REGISTERED OFFICE: The Courtyard
Edgar Street
Hereford
Herefordshire
HR4 9JR





REGISTERED NUMBER: 03350147 (England and Wales)





AUDITORS: Thorne Widgery Accountancy Ltd
Chartered Accountants
Statutory Auditors
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

The Courtyard Trading Co. Limited (Registered number: 03350147)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,313 24,755

CURRENT ASSETS
Stocks 17,175 12,623
Debtors 5 13,082 4,150
Cash at bank 56,778 145,576
87,035 162,349
CREDITORS
Amounts falling due within one year 6 (94,858 ) (163,614 )
NET CURRENT LIABILITIES (7,823 ) (1,265 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,490 23,490

PROVISIONS FOR LIABILITIES (4,414 ) (4,703 )
NET ASSETS 19,076 18,787

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,075 18,786
19,076 18,787

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 October 2023 and were signed on its behalf by:





S Liddle - Director


The Courtyard Trading Co. Limited (Registered number: 03350147)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Courtyard Trading Co. Limited is a private company, limited by shares , 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.

Going concern
The cultural industries had been hit very hard by Covid-19 which, whilst still remain a threat, is no longer causing any major concern for The Courtyard or the cultural industries.

To the best of ability and knowledge, the Directors can confirm with confidence that The Courtyard Trust and Trading Company will still be trading through from September 2023 and beyond. We are confident that, through effective and timely management and strong governance, the organisation will continue its path of resilience.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33.3% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


The Courtyard Trading Co. Limited (Registered number: 03350147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
Property fittings Totals
£    £    £   
COST
At 1 April 2022 17,282 59,245 76,527
Additions - 10,679 10,679
At 31 March 2023 17,282 69,924 87,206
DEPRECIATION
At 1 April 2022 749 51,023 51,772
Charge for year 691 3,430 4,121
At 31 March 2023 1,440 54,453 55,893
NET BOOK VALUE
At 31 March 2023 15,842 15,471 31,313
At 31 March 2022 16,533 8,222 24,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 8,494 3,361
Other debtors 4,588 789
13,082 4,150

The Courtyard Trading Co. Limited (Registered number: 03350147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 20,214 11,356
Amounts owed to group undertakings 16,627 -
Taxation and social security 33,533 20,844
Other creditors 24,484 131,414
94,858 163,614

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Tong FCCA ACA (Senior Statutory Auditor)
for and on behalf of Thorne Widgery Accountancy Ltd