Registered number
15002790
The Community Hub Consett Ltd
Filleted Accounts
31 March 2024
The Community Hub Consett Ltd
Registered number: 15002790
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Cash at bank and in hand 504
Creditors: amounts falling due within one year 4 (412)
Net current assets 92
Net assets 92
Capital and reserves
Called up share capital 1
Profit and loss account 91
Shareholder's funds 92
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N J Little
Director
Approved by the board on 6 August 2024
The Community Hub Consett Ltd
Notes to the Accounts
for the period from 14 July 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated at teh following rates:
Plant and machinery 15% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,388
Disposals (2,388)
At 31 March 2024 -
Depreciation
Charge for the period 195
On disposals (195)
At 31 March 2024 -
Net book value
At 31 March 2024 -
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 360
Taxation and social security costs 52
412
5 Controlling party
The company is controlled by its Director.
6 Other information
The Community Hub Consett Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Sherburn Terrace
Consett
DH8 6ND
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