GUISELEY LIGHTS CIC

Company limited by guarantee

Company Registration Number:
12277774 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

GUISELEY LIGHTS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

GUISELEY LIGHTS CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 13,816 15,462
Cost of sales: ( 9,721 ) ( 7,014 )
Gross profit(or loss): 4,095 8,448
Distribution costs: ( 2,723 ) ( 6,981 )
Administrative expenses: ( 1,372 ) ( 1,467 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

GUISELEY LIGHTS CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,585 2,315
Total fixed assets: 1,585 2,315
Current assets
Cash at bank and in hand: 3,221 1,771
Total current assets: 3,221 1,771
Prepayments and accrued income: 720
Net current assets (liabilities): 3,941 1,771
Total assets less current liabilities: 5,526 4,086
Total net assets (liabilities): 5,526 4,086
Members' funds
Profit and loss account: 5,526 4,086
Total members' funds: 5,526 4,086

The notes form part of these financial statements

GUISELEY LIGHTS CIC

Balance sheet statements

For the year ending 31 October 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 1 January 2024
and signed on behalf of the board by:

Name: Stuart Andrew
Status: Director

The notes form part of these financial statements

GUISELEY LIGHTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Tangible fixed assets depreciation policy

    Straight Line Method

GUISELEY LIGHTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 10

GUISELEY LIGHTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 2,315 2,315
Additions
Disposals ( 730 ) ( 730 )
Revaluations
Transfers
At 31 October 2023 1,585 1,585
Depreciation
At 1 November 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 1,585 1,585
At 31 October 2022 2,315 2,315

COMMUNITY INTEREST ANNUAL REPORT

GUISELEY LIGHTS CIC

Company Number: 12277774 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

We hold two Street Markets a year for the whole community, free to visit, these fund Christmas Lights and Sculptures which are displayed around Guiseley at the festive period.We also put up a Cross at Easter which is used in Palm Sunday and Easter Sunday Church celebrations.

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
1 January 2024

And signed on behalf of the board by:
Name: Stuart Andrew
Status: Director