SHORTLANDS MARKET CIC

Company limited by guarantee

Company Registration Number:
13411556 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

SHORTLANDS MARKET CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SHORTLANDS MARKET CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 2,537 7,063
Cost of sales: ( 779 )
Gross profit(or loss): 2,537 6,284
Administrative expenses: ( 2,612 ) ( 5,859 )
Operating profit(or loss): (75) 425
Profit(or loss) before tax: (75) 425
Tax: ( 80 )
Profit(or loss) for the financial year: (75) 345

SHORTLANDS MARKET CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,152 1,536
Total fixed assets: 1,152 1,536
Current assets
Cash at bank and in hand: 0 423
Total current assets: 0 423
Net current assets (liabilities): 0 423
Total assets less current liabilities: 1,152 1,959
Total net assets (liabilities): 1,152 1,959
Members' funds
Profit and loss account: 1,152 1,959
Total members' funds: 1,152 1,959

The notes form part of these financial statements

SHORTLANDS MARKET CIC

Balance sheet statements

For the year ending 31 May 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 24 February 2024
and signed on behalf of the board by:

Name: Kerry Nash-Clarke
Status: Director

The notes form part of these financial statements

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,536 1,536
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 1,536 1,536
Depreciation
At 1 June 2022 0 0
Charge for year 384 384
On disposals
Other adjustments
At 31 May 2023 384 384
Net book value
At 31 May 2023 1,152 1,152
At 31 May 2022 1,536 1,536

COMMUNITY INTEREST ANNUAL REPORT

SHORTLANDS MARKET CIC

Company Number: 13411556 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company held an annual market at the local school. We ensured that most of the vendors were local and had local charity Greener and Cleaner as well as the Shortlands Residents Association at the market representing the area and building community.The school grounds are large and by providing free entertainment and crafts for the children, we created a space where familes & locals could interact and spend the day enjoying the company and connecting with local suppliers while enjoying local food and drinks.The school hosted a dog show on the same day so a broader reach of the neighbourhood attended and we created a fun safe space for people to interact.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 February 2024

And signed on behalf of the board by:
Name: Kerry Nash-Clarke
Status: Director