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Registration number: 13222801

Eastbourne Community Co-operative

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Eastbourne Community Co-operative

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

 

Eastbourne Community Co-operative

Company Information

Directors

Mrs Julia Richardson

Jason Stocker

Susie Gates

David Murphy

Registered office

65 Victoria Road
Polegate
East Sussex
BN26 6BY

Accountants

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

 

Eastbourne Community Co-operative

Directors' Report for the Year Ended 29 February 2024

The directors present their report and the financial statements for the year ended 29 February 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Julia Richardson

Jason Stocker

Susie Gates

David Murphy

Principal activity

The principal activity of the company is Community Help

Going concern

No going concern issues.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................
Mrs Julia Richardson
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eastbourne Community Co-operative
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eastbourne Community Co-operative for the year ended 29 February 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Eastbourne Community Co-operative, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Eastbourne Community Co-operative and state those matters that we have agreed to state to the Board of Directors of Eastbourne Community Co-operative, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eastbourne Community Co-operative and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eastbourne Community Co-operative has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Eastbourne Community Co-operative. You consider that Eastbourne Community Co-operative is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Eastbourne Community Co-operative. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

9 April 2024

 

Eastbourne Community Co-operative

Profit and Loss Account for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

 

-

4,336

Cost of sales

 

-

(1,092)

Gross profit

 

-

3,244

Administrative expenses

 

-

(3,441)

Operating loss

 

-

(197)

Loss before tax

-

(197)

Loss for the financial year

 

-

(197)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Eastbourne Community Co-operative

Statement of Comprehensive Income for the Year Ended 29 February 2024

2024
£

2023
£

Loss for the year

-

(197)

Total comprehensive income for the year

-

(197)

 

Eastbourne Community Co-operative

(Registration number: 13222801)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

-

3,817

Creditors: Amounts falling due within one year

4

-

(4,014)

Net liabilities

 

-

(197)

Capital and reserves

 

Retained earnings

-

(197)

Shareholders' deficit

 

-

(197)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 April 2024 and signed on its behalf by:
 

.........................................
Jason Stocker
Director

 

Eastbourne Community Co-operative

Statement of Changes in Equity for the Year Ended 29 February 2024

At 29 February 2024

Retained earnings
£

Total
£

Loss for the year

(197)

(197)

At 28 February 2023

(197)

(197)

 

Eastbourne Community Co-operative

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
65 Victoria Road
Polegate
East Sussex
BN26 6BY
United Kingdom

These financial statements were authorised for issue by the Board on 9 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Eastbourne Community Co-operative

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

-

395

Other creditors

-

3,619

-

4,014

5

Share capital

6

Dividends

7

Transition to FRS 102

Balance Sheet at 1 March 2022
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Eastbourne Community Co-operative

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Balance Sheet at 28 February 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Eastbourne Community Co-operative

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Profit and Loss Account for the year ended 28 February 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Turnover

-

-

-

-

Operating profit/(loss)

-

-

-

-

Profit/(loss) before tax

-

-

-

-

Profit/(loss) for the financial year

-

-

-

-