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Company Registration No. 11217080 (England and Wales)
Saltford Community Library Hub Limited Unaudited accounts for the year ended 31 July 2023
Saltford Community Library Hub Limited Unaudited accounts Contents
Page
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Saltford Community Library Hub Limited Company Information for the year ended 31 July 2023
Directors
Mr C Essex Mrs L Pickup Mr D Halton Ms J Fisher
Secretary
Ms J Fisher
Company Number
11217080 (England and Wales)
Registered Office
478A Bath Road Saltford Bristol BS31 3DJ
Accountants
Paulleys Taxation Ltd 3 Merrivale Road Hilsea Portsmouth Hampshire PO2 0TJ
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Saltford Community Library Hub Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,636 
4,386 
Current assets
Inventories
3,975 
3,135 
Debtors
1,500 
5 
Cash at bank and in hand
35,732 
33,710 
41,207 
36,850 
Creditors: amounts falling due within one year
(1,327)
(869)
Net current assets
39,880 
35,981 
Net assets
43,516 
40,367 
Reserves
Profit and loss account
43,516 
40,367 
Members' funds
43,516 
40,367 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by
Mrs L Pickup Director Company Registration No. 11217080
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Saltford Community Library Hub Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Saltford Community Library Hub Limited is a private company, limited by guarantee, registered in England and Wales, registration number 11217080. The registered office is 478A Bath Road, Saltford, Bristol, BS31 3DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
4,841 
9,602 
425 
14,868 
At 31 July 2023
4,841 
9,602 
425 
14,868 
Depreciation
At 1 August 2022
782 
9,602 
98 
10,482 
Charge for the year
653 
- 
97 
750 
At 31 July 2023
1,435 
9,602 
195 
11,232 
Net book value
At 31 July 2023
3,406 
- 
230 
3,636 
At 31 July 2022
4,059 
- 
327 
4,386 
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Saltford Community Library Hub Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,500 
5 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
914 
439 
Other creditors
18 
35 
Accruals
395 
395 
1,327 
869 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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