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
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
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
Saltford Community Library Hub Limited
Statement of financial position
as at 31 July 2023
Tangible assets
3,636
4,386
Cash at bank and in hand
35,732
33,710
Creditors: amounts falling due within one year
(1,327)
(869)
Net current assets
39,880
35,981
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
Saltford Community Library Hub Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 July 2023
3,406
-
230
3,636
At 31 July 2022
4,059
-
327
4,386
Saltford Community Library Hub Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
914
439
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).