Company Registration No. 12428187 (England and Wales)
Sense of Place Cornwall Ltd
Unaudited accounts
for the year ended 31 January 2024
Sense of Place Cornwall Ltd
Company Information
for the year ended 31 January 2024
Directors
Joseph Quick
Ali Mikail
Company Number
12428187 (England and Wales)
Registered Office
Unit 7a Cogegoes Farm
Penponds
Camborne
Cornwall
TR14 0QL
Sense of Place Cornwall Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
11,798
18,604
Cash at bank and in hand
30,394
694
Creditors: amounts falling due within one year
(41,406)
(2,166)
Net current (liabilities)/assets
(3,429)
1,633
Total assets less current liabilities
8,369
20,237
Creditors: amounts falling due after more than one year
(33,803)
(31,275)
Provisions for liabilities
Net liabilities
(26,220)
(12,957)
Called up share capital
2
2
Profit and loss account
(26,222)
(12,959)
Shareholders' funds
(26,220)
(12,957)
For the year ending 31 January 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 31 October 2024 and were signed on its behalf by
Joseph Quick
Director
Company Registration No. 12428187
Sense of Place Cornwall Ltd
Notes to the Accounts
for the year ended 31 January 2024
Sense of Place Cornwall Ltd is a private company, limited by shares, registered in England and Wales, registration number 12428187. The registered office is Unit 7a Cogegoes Farm, Penponds, Camborne, Cornwall, TR14 0QL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
25% on cost and 10% on cost
Motor vehicles
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sense of Place Cornwall Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
30,032
6,000
36,032
Disposals
(2,892)
-
(2,892)
At 31 January 2024
28,900
6,000
34,900
At 1 February 2023
13,828
3,600
17,428
Charge for the year
7,129
1,200
8,329
On disposals
(2,655)
-
(2,655)
At 31 January 2024
18,302
4,800
23,102
At 31 January 2024
10,598
1,200
11,798
At 31 January 2023
16,204
2,400
18,604
Amounts falling due within one year
Accrued income and prepayments
740
782
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,697
5,844
Trade creditors
7,924
6,815
Loans from directors
58
(10,716)
Sense of Place Cornwall Ltd
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
8,451
13,482
Bounceback Loan renegotiated over longer period and payment holidays taken
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advances
(4,896)
6,367
1,471
-
Advances
(5,820)
6,078
200
58
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).