0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 12,578 1,699 14,277 3,145 2,783 5,928 8,349 9,433 xbrli:pure xbrli:shares iso4217:GBP 11724793 2023-01-01 2023-12-31 11724793 2023-12-31 11724793 2022-12-31 11724793 2022-01-01 2022-12-31 11724793 2022-12-31 11724793 2021-12-31 11724793 core:PlantMachinery 2023-01-01 2023-12-31 11724793 bus:Director1 2023-01-01 2023-12-31 11724793 core:PlantMachinery 2022-12-31 11724793 core:PlantMachinery 2023-12-31 11724793 core:WithinOneYear 2023-12-31 11724793 core:WithinOneYear 2022-12-31 11724793 core:RetainedEarningsAccumulatedLosses 2023-12-31 11724793 core:RetainedEarningsAccumulatedLosses 2022-12-31 11724793 core:PlantMachinery 2022-12-31 11724793 bus:SmallEntities 2023-01-01 2023-12-31 11724793 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11724793 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11724793 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 11724793 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 11724793
This Is Alfred Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 December 2023
This Is Alfred Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
This Is Alfred Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
8,349
9,433
Current assets
Cash at bank and in hand
7,380
12,656
Creditors: amounts falling due within one year
6
( 410)
( 510)
-------
--------
Net current assets
6,970
12,146
--------
--------
Total assets less current liabilities
15,319
21,579
--------
--------
Capital and reserves
Profit and loss account
15,319
21,579
--------
--------
Members funds
15,319
21,579
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 July 2024 , and are signed on behalf of the board by:
Mr K T Jones
Director
Company registration number: 11724793
This Is Alfred Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 2 Woodman Court, Shaftesbury, Dorset, United Kingdom, SP7 8PY.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Company limited by guarantee
This Is Alfred Limited is a company limited by guarantee without shares.
This Is Alfred Limited is a community radio for Shaftesbury, North Dorest and Cranborne Chase. It is a not for profit organisation which reapplies it's money to the benefit of the community radio.
5. Tangible assets
Plant and machinery
£
Cost
At 1 January 2023
12,578
Additions
1,699
--------
At 31 December 2023
14,277
--------
Depreciation
At 1 January 2023
3,145
Charge for the year
2,783
--------
At 31 December 2023
5,928
--------
Carrying amount
At 31 December 2023
8,349
--------
At 31 December 2022
9,433
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
410
510
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