REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 29 February 2024 |
for |
Pass It On (Gainsborough) Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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. |
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 |
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 |
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 |
Improvements to property | - |
Plant and machinery | - |
Computer equipment | - |
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 |
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 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 30.6.23 |
£ | £ |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 30.6.23 |
£ | £ |
Accrued expenses |
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. |