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REGISTERED NUMBER: 05082034 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 29 February 2024

for

Pass It On (Gainsborough) Limited

Pass It On (Gainsborough) Limited (Registered number: 05082034)






Contents of the Financial Statements
for the Period 1 July 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pass It On (Gainsborough) Limited

Company Information
for the Period 1 July 2023 to 29 February 2024







DIRECTORS: I Burgess
Miss A V Musson
Mrs K Thompson





REGISTERED OFFICE: 70 Church Street
Gainsborough
Lincolnshire
DN21 2JR





REGISTERED NUMBER: 05082034 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Pass It On (Gainsborough) Limited (Registered number: 05082034)

Balance Sheet
29 February 2024

29.2.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,694

CURRENT ASSETS
Debtors 5 279 125
Cash at bank and in hand 1,270 4,203
1,549 4,328
CREDITORS
Amounts falling due within one year 6 406 -
NET CURRENT ASSETS 1,143 4,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143

7,022

RESERVES
Income and expenditure account 1,143 7,022
1,143 7,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





I Burgess - Director


Pass It On (Gainsborough) Limited (Registered number: 05082034)

Notes to the Financial Statements
for the Period 1 July 2023 to 29 February 2024

1. STATUTORY INFORMATION

Pass It On (Gainsborough) Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company ceased trading at the balance sheet date. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value.

Turnover
Turnover represents sales of donated goods and recycled clothing.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - at varying rates on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Grants received
Grants received in respect of improvement expenditure on the leasehold property are credited to profit and loss account over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Pass It On (Gainsborough) Limited (Registered number: 05082034)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 29 February 2024 14,684 580 165 15,429
DEPRECIATION
At 1 July 2023 12,207 363 165 12,735
Charge for period 2,477 217 - 2,694
At 29 February 2024 14,684 580 165 15,429
NET BOOK VALUE
At 29 February 2024 - - - -
At 30 June 2023 2,477 217 - 2,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 30.6.23
£    £   
Prepayments 279 125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 30.6.23
£    £   
Accrued expenses 406 -

7. ULTIMATE CONTROLLING PARTY

No individual or organisation is able to exercise control over the company.

8. LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.