Cirencester Light Opera Limited 03788793 false 2022-07-01 2023-06-29 2023-06-29 The principal activity of the company is the promoting of and providing the community of Cirencester a service of quality light opera, drama, music and similar events Digita Accounts Production Advanced 6.30.9574.0 true true 03788793 2022-07-01 2023-06-29 03788793 2023-06-29 03788793 core:CurrentFinancialInstruments 2023-06-29 03788793 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-29 03788793 core:FurnitureFittingsToolsEquipment 2023-06-29 03788793 core:OtherPropertyPlantEquipment 2023-06-29 03788793 bus:SmallEntities 2022-07-01 2023-06-29 03788793 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-29 03788793 bus:FilletedAccounts 2022-07-01 2023-06-29 03788793 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-29 03788793 bus:RegisteredOffice 2022-07-01 2023-06-29 03788793 bus:CompanySecretary1 2022-07-01 2023-06-29 03788793 bus:Director1 2022-07-01 2023-06-29 03788793 bus:Director3 2022-07-01 2023-06-29 03788793 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-29 03788793 core:FurnitureFittings 2022-07-01 2023-06-29 03788793 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-29 03788793 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-29 03788793 core:PlantMachinery 2022-07-01 2023-06-29 03788793 countries:AllCountries 2022-07-01 2023-06-29 03788793 2022-06-30 03788793 core:FurnitureFittingsToolsEquipment 2022-06-30 03788793 core:OtherPropertyPlantEquipment 2022-06-30 03788793 2021-07-01 2022-06-30 03788793 2022-06-30 03788793 core:CurrentFinancialInstruments 2022-06-30 03788793 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 03788793 core:FurnitureFittingsToolsEquipment 2022-06-30 03788793 core:OtherPropertyPlantEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 03788793

Cirencester Light Opera Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Period from 1 July 2022 to 29 June 2023

 

Cirencester Light Opera Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Cirencester Light Opera Limited

Company Information

Directors

Mr I Carling

Ms R L Wright

Company secretary

Mr J N G Hawkins

Registered office

Springfield House
45 Welsh Back
Bristol
BS1 4AG

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Cirencester Light Opera Limited

(Registration number: 03788793)
Balance Sheet as at 29 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

76

94

Current assets

 

Debtors

5

17,160

5,208

Cash at bank and in hand

 

14,842

15,634

 

32,002

20,842

Creditors: Amounts falling due within one year

6

(21,994)

(13,948)

Net current assets

 

10,008

6,894

Net assets

 

10,084

6,988

Reserves

 

Retained earnings

10,084

6,988

Surplus

 

10,084

6,988

For the financial period ending 29 June 2023 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 period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

 

Cirencester Light Opera Limited

(Registration number: 03788793)
Balance Sheet as at 29 June 2023

.........................................
Mr I Carling
Director

.........................................
Ms R L Wright
Director

 

Cirencester Light Opera Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 29 June 2023

1

General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Springfield House
45 Welsh Back
Bristol
BS1 4AG
England

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

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cirencester Light Opera Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 29 June 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and manchinery

20% reducing balance

Fixtures and fittings

20% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 period, was 2 (2022 - 2).

 

Cirencester Light Opera Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 29 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

6,207

1,781

7,988

At 29 June 2023

6,207

1,781

7,988

Depreciation

At 1 July 2022

6,126

1,768

7,894

Charge for the period

16

2

18

At 29 June 2023

6,142

1,770

7,912

Carrying amount

At 29 June 2023

65

11

76

At 30 June 2022

81

13

94

5

Debtors

Current

2023
£

2022
£

Trade debtors

5,152

2,570

Prepayments

12,008

2,638

 

17,160

5,208

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

4,601

3,645

Accruals and deferred income

13,829

6,739

Other creditors

3,564

3,564

21,994

13,948