Claverdon Community Shop Limited |
Registered number: |
06128169 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
32,197 |
|
|
37,425 |
|
Current assets |
Stocks |
|
|
4,000 |
|
|
4,000 |
Debtors |
4 |
|
2,342 |
|
|
2,844 |
Cash at bank and in hand |
|
|
18,189 |
|
|
17,086 |
|
|
|
24,531 |
|
|
23,930 |
|
Creditors: amounts falling due within one year |
5 |
|
(1,893) |
|
|
(3,387) |
|
Net current assets |
|
|
|
22,638 |
|
|
20,543 |
|
Net assets |
|
|
|
54,835 |
|
|
57,968 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
54,835 |
|
|
57,968 |
|
Reserves |
|
|
|
54,835 |
|
|
57,968 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M.P.Rack |
Director |
Approved by the board on 07 February 2024 |
|
Claverdon Community Shop Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Short term leasehold property improvement |
5% straight line |
|
Plant and machinery |
5% straight line |
|
Fixtures, fittings and equipment |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The company has obtained exemption from HMRC in respect of corporation tax, it being a company not carrying on a business for the purpose of making a profit. DIRT tax is payable on any interest income received in excess of £32. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Short term leasehold property improvement |
|
Plant and machinery etc |
|
Fixtures, fittings and equipment |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2023 |
78,016 |
|
22,550 |
|
22,986 |
|
123,552 |
|
At 31 December 2023 |
78,016 |
|
22,550 |
|
22,986 |
|
123,552 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
51,468 |
|
12,468 |
|
22,191 |
|
86,127 |
|
Charge for the year |
3,900 |
|
1,129 |
|
199 |
|
5,228 |
|
At 31 December 2023 |
55,368 |
|
13,597 |
|
22,390 |
|
91,355 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
22,648 |
|
8,953 |
|
596 |
|
32,197 |
|
At 31 December 2022 |
26,548 |
|
10,082 |
|
795 |
|
37,425 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
1,363 |
|
1,482 |
|
Other debtors |
979 |
|
1,362 |
|
|
|
|
|
|
2,342 |
|
2,844 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
1,348 |
|
2,592 |
|
Taxation and social security costs |
545 |
|
795 |
|
|
|
|
|
|
1,893 |
|
3,387 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Claverdon Community Shop Limited is limited by guarantee and has no share capital and is incorporated in England. Its registered office is: |
|
Dorothea Mitchell Hall |
|
Station Road |
|
Claverdon |
|
Warwick |
|
CV35 8PH |