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REGISTERED NUMBER: 04338303 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PADSTOW TOURIST INFORMATION CENTRE
LIMITED

PADSTOW TOURIST INFORMATION CENTRE
LIMITED (REGISTERED NUMBER: 04338303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PADSTOW TOURIST INFORMATION CENTRE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs C J Evans





REGISTERED OFFICE: 5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 04338303 (England and Wales)





ACCOUNTANTS: Whitakers
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

PADSTOW TOURIST INFORMATION CENTRE
LIMITED (REGISTERED NUMBER: 04338303)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,170 3,723

CURRENT ASSETS
Stocks 6,127 5,077
Debtors 5 14,645 12,649
Cash at bank and in hand 7,968 10,104
28,740 27,830
CREDITORS
Amounts falling due within one year 6 2,637 2,443
NET CURRENT ASSETS 26,103 25,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,273

29,110

RESERVES
Income and expenditure account 29,273 29,110
29,273 29,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Mrs C J Evans - Director


PADSTOW TOURIST INFORMATION CENTRE
LIMITED (REGISTERED NUMBER: 04338303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Padstow Tourist Information Centre Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

PADSTOW TOURIST INFORMATION CENTRE
LIMITED (REGISTERED NUMBER: 04338303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 13,513 21,668 35,181
Additions 167 - 167
At 31 December 2023 13,680 21,668 35,348
DEPRECIATION
At 1 January 2023 11,164 20,294 31,458
Charge for year 377 343 720
At 31 December 2023 11,541 20,637 32,178
NET BOOK VALUE
At 31 December 2023 2,139 1,031 3,170
At 31 December 2022 2,349 1,374 3,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 14,520 12,520
Prepayments and accrued income 125 129
14,645 12,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes 1,581 1,454
Accrued expenses 1,056 989
2,637 2,443