ST MARY ALDERMARY (TRADING) LIMITED
Registered number: 09894452
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,791 9,476
Current assets
Stocks 5,318 4,202
Cash at bank and in hand 79,774 51,067
85,092 55,269
Creditors: amounts falling due within one year 4 (84,765) (56,714)
Net current assets/(liabilities) 327 (1,445)
Net assets/(liabilities) 8,118 8,031
Capital and reserves
Called up share capital 24,250 24,250
Profit and loss account (16,132) (16,219)
Shareholders' funds 8,118 8,031
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Alan Matthews
Director
Approved by the board on 15 April 2024
ST MARY ALDERMARY (TRADING) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and inclusive of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on Cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 17,295
Additions 876
At 31 December 2023 18,171
Depreciation
At 1 January 2023 7,819
Charge for the year 2,561
At 31 December 2023 10,380
Net book value
At 31 December 2023 7,791
At 31 December 2022 9,476
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,127 3,072
VAT 10,682 7,431
Other creditors 70,956 46,211
84,765 56,714
5 Related party transactions 2023
Rent £
Rent paid to the Guild Church Council of St Mary Aldermary 26,000
The Guild Church Council of St Mary Aldermary own 100% of the company's issued shares.
Donations £
The Guild Church Council of St Mary Aldermary -
The Guild Church Council of St Mary Aldermary own 100% of the company's issued shares.
Directors' Remuneration
No members of the Board received any remuneration. Reasonable expenses are met.
Loan Account £
Loan from the Guild Church Council of St Mary Aldermary 70,956
6 Other information
ST MARY ALDERMARY (TRADING) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
St Mary Aldermary Church
Watling Street
London
England
EC4M9BW
St Mary Aldermary Church
Watling Street
London
EC4M 9BW
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