Company No:
Contents
DIRECTORS | Alan John Baxter |
Dale Lesley Cheesman | |
Richard Charles Colley | |
Philip Hartwell | |
Deborah Claire Hill | |
Anna Karen Lee | |
Derrick Malcolm Osborne | |
Anna Patricia Rendell Knights | |
Michael John Wyatt |
REGISTERED OFFICE | Park Pavilion |
Barrack Lane | |
Harwich | |
CO12 3NS | |
United Kingdom |
COMPANY NUMBER | 04715958 (England and Wales) |
CHARTERED ACCOUNTANTS | Gascoynes |
Gascoyne House | |
Moseleys Farm Business Centre | |
Fornham All Saints | |
Bury St Edmunds | |
Suffolk | |
IP28 6JY |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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78,911 | 105,854 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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355,835 | 364,442 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 258,974 | 246,067 | ||
Total assets less current liabilities | 337,885 | 351,921 | ||
Net assets |
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Reserves | ||||
Other reserves |
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Profit and loss account |
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Total reserves |
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Directors' responsibilities:
The financial statements of Harwich Connexions Transport Co-operative Limited (registered number:
Richard Charles Colley
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Harwich Connexions Transport Co-operative Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Park Pavilion, Barrack Lane, Harwich, CO12 3NS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
The deferred tax asset included in these accounts has arisen due to taxable losses that have arisen this year and accumulated over previous years.
Land and buildings |
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Plant and machinery |
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Vehicles |
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Computer equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Plant and machinery | Vehicles | Computer equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 01 April 2022 |
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Additions |
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At 31 March 2023 |
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Accumulated depreciation | |||||||||
At 01 April 2022 |
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Charge for the financial year |
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At 31 March 2023 |
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Net book value | |||||||||
At 31 March 2023 |
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At 31 March 2022 |
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£ | £ | ||
Trade debtors |
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Deferred tax asset |
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Other debtors |
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£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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