1 April 2023 false No description of principal activity Taxfiler 2024.5 05174095business:PrivateLimitedCompanyLtd2023-04-012024-03-31 051740952023-03-31 051740952023-04-012024-03-31 05174095business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 05174095business:FilletedAccounts2023-04-012024-03-31 051740952024-03-31 05174095business:Director12023-04-012024-03-31 05174095business:Director22023-04-012024-03-31 05174095business:Director32023-04-012024-03-31 05174095business:Director42023-04-012024-03-31 05174095business:RegisteredOffice2023-04-012024-03-31 051740952023-03-31 05174095core:WithinOneYear2024-03-31 05174095core:WithinOneYear2023-03-31 05174095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 05174095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05174095core:PreviouslyStatedAmount2024-03-31 05174095core:PreviouslyStatedAmount2023-03-31 05174095business:SmallEntities2023-04-012024-03-31 05174095countries:EnglandWales2023-04-012024-03-31 05174095core:FurnitureFittings2023-04-012024-03-31 05174095core:FurnitureFittings2023-03-31 05174095core:FurnitureFittings2024-03-31 051740952022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05174095 (England and Wales)
Gorse Covert Community Association Limited Unaudited accounts for the year ended 31 March 2024
Gorse Covert Community Association Limited Unaudited accounts Contents
Page
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Gorse Covert Community Association Limited Company Information for the year ended 31 March 2024
Directors
Val Watts Darryl Gough Craig Brown Tom Marshall
Company Number
05174095 (England and Wales)
Registered Office
Gorse Covert Community Centre Maxwell Drive Loughborough LE11 4RZ
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Gorse Covert Community Association Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,472 
11,129 
Current assets
Inventories
1,245 
1,177 
Debtors
3,946 
7,218 
Cash at bank and in hand
87,753 
51,945 
92,944 
60,340 
Creditors: amounts falling due within one year
(12,350)
(9,444)
Net current assets
80,594 
50,896 
Net assets
91,066 
62,025 
Capital and reserves
Profit and loss account
91,066 
62,025 
Shareholders' funds
91,066 
62,025 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by
Val Watts Director Company Registration No. 05174095
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Gorse Covert Community Association Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gorse Covert Community Association Limited is a private company, limited by shares, registered in England and Wales, registration number 05174095. The registered office is Gorse Covert Community Centre, Maxwell Drive, Loughborough, LE11 4RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price price
Funds
Undesignated funds are unrestricted funds. Restricted funds are funds which are to be used in accordance with restrictions imposed by the donor
Company status
The Association is a limited company limited by guarantee
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Gorse Covert Community Association Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
88,188 
Additions
3,967 
Disposals
(4,075)
At 31 March 2024
88,080 
Depreciation
At 1 April 2023
77,059 
Charge for the year
3,844 
On disposals
(3,295)
At 31 March 2024
77,608 
Net book value
At 31 March 2024
10,472 
At 31 March 2023
11,129 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,370 
4,593 
Accrued income and prepayments
2,576 
2,625 
3,946 
7,218 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,129 
1,215 
Other creditors
1,150 
1,249 
Accruals
9,071 
6,980 
12,350 
9,444 
7
Average number of employees
During the year the average number of employees was 12 (2023: 8).
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