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Company limited by guarantee

Company Registration Number:
11960509 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

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Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 569 1,077
Total fixed assets: 569 1,077
Current assets
Debtors: 4 8,874 4,726
Cash at bank and in hand: 35,891 28,540
Total current assets: 44,765 33,266
Creditors: amounts falling due within one year: 5 ( 29,467 ) ( 13,729 )
Net current assets (liabilities): 15,298 19,537
Total assets less current liabilities: 15,867 20,614
Total net assets (liabilities): 15,867 20,614
Members' funds
Profit and loss account: 15,867 20,614
Total members' funds: 15,867 20,614

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 April 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 January 2024
and signed on behalf of the board by:

Name: Aimee Felone
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 April 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnoverincludes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns,rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to thebuyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion ofa contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is onlyrecognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation isprovided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful liveson the following bases:Plant & Machinery 5 Years Straight Line

    Other accounting policies

    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 in the statement ofcomprehensive income because of items of income or expense that are taxable or deductible in other year and items that are nevertaxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantivelyenacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements andthe corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxabletiming differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probablethat taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferredtax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxablesurplus will be available to 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 the liability is settled orthe asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferredtax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end ofthe reporting period, to recover or settle 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 are recognised in othercomprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensiveincome or directly in equity respectively.

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Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 2

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Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 2,541 2,541
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 2,541 2,541
Depreciation
At 1 May 2022 1,464 1,464
Charge for year 508 508
On disposals
Other adjustments
At 30 April 2023 1,972 1,972
Net book value
At 30 April 2023 569 569
At 30 April 2022 1,077 1,077

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Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 3,135 0
Other debtors 5,739 4,726
Total 8,874 4,726

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Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 19,657 5,410
Taxation and social security 633 130
Accruals and deferred income 4,734 5,211
Other creditors 4,443 2,978
Total 29,467 13,729

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 11960509 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The company runs an inclusive bookshop in the heart of Brixton bringing books and reading to a diverse community.

Consultation with stakeholders

There is ongoing and regular consultation with our stakeholders about the kinds of books and events they would like to see in their community.

Directors' remuneration

Director's remuneration was £30,811.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 January 2024

And signed on behalf of the board by:
Name: Aimee Felone
Status: Director