Registration number:
Eastbourne Community Co-operative
for the Year Ended 29 February 2024
Eastbourne Community Co-operative
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Eastbourne Community Co-operative
Company Information
Directors |
Mrs Julia Richardson Jason Stocker Susie Gates David Murphy |
Registered office |
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Accountants |
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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:
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
......................................... |
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.
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Polegate
East Sussex
BN26 6BY
Eastbourne Community Co-operative
Profit and Loss Account for the Year Ended 29 February 2024
Note |
2024 |
2023 |
|
Turnover |
- |
|
|
Cost of sales |
- |
( |
|
Gross profit |
- |
|
|
Administrative expenses |
- |
( |
|
Operating loss |
- |
(197) |
|
Loss before tax |
- |
( |
|
Loss for the financial year |
- |
( |
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 |
- |
( |
Total comprehensive income for the year |
- |
( |
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 |
- |
|
|
Creditors: Amounts falling due within one year |
- |
( |
|
Net liabilities |
- |
( |
|
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 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
......................................... |
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 |
( |
( |
At 28 February 2023 |
(197) |
(197) |
Eastbourne Community Co-operative
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Accruals and deferred income |
- |
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Other creditors |
- |
|
- |
|
Share capital |
Dividends |
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 |
- |
- |
- |
- |