Community Accord 06450095 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of mediation services. Digita Accounts Production Advanced 6.30.9574.0 true true 06450095 2023-04-01 2024-03-31 06450095 2024-03-31 06450095 core:CurrentFinancialInstruments 2024-03-31 06450095 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06450095 core:FurnitureFittingsToolsEquipment 2024-03-31 06450095 bus:SmallEntities 2023-04-01 2024-03-31 06450095 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06450095 bus:FilletedAccounts 2023-04-01 2024-03-31 06450095 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06450095 bus:RegisteredOffice 2023-04-01 2024-03-31 06450095 bus:Director1 2023-04-01 2024-03-31 06450095 bus:Director2 2023-04-01 2024-03-31 06450095 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 06450095 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06450095 core:OfficeEquipment 2023-04-01 2024-03-31 06450095 countries:EnglandWales 2023-04-01 2024-03-31 06450095 2023-03-31 06450095 core:FurnitureFittingsToolsEquipment 2023-03-31 06450095 2022-04-01 2023-03-31 06450095 2023-03-31 06450095 core:CurrentFinancialInstruments 2023-03-31 06450095 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06450095 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06450095

Community Accord

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Community Accord

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Community Accord

Company Information

Directors

Mr Peter Cousins

Sherzad Amin Mahmud

Registered office

Unit 41 Carlisle Business Centre
60 Carlisle Road
Bradford
BD8 8BD

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Community Accord

(Registration number: 06450095)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,968

1,444

Current assets

 

Debtors

5

41,963

24,270

Cash at bank and in hand

 

81,594

33,440

 

123,557

57,710

Creditors: Amounts falling due within one year

6

(44,827)

(21,823)

Net current assets

 

78,730

35,887

Net assets

 

82,698

37,331

Reserves

 

Retained earnings

82,698

37,331

Surplus

 

82,698

37,331

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 

.........................................
Sherzad Amin Mahmud
Director

 

Community Accord

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Unit 41 Carlisle Business Centre
60 Carlisle Road
Bradford
BD8 8BD

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Community Accord

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Community Accord

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 6).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

5,557

5,557

Additions

4,507

4,507

At 31 March 2024

10,064

10,064

Depreciation

At 1 April 2023

4,113

4,113

Charge for the year

1,983

1,983

At 31 March 2024

6,096

6,096

Carrying amount

At 31 March 2024

3,968

3,968

At 31 March 2023

1,444

1,444

5

Debtors

Current

2024
£

2023
£

Trade debtors

41,963

24,270

 

41,963

24,270

 

Community Accord

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,543

1,219

Taxation and social security

24,783

14,596

Accruals and deferred income

13,786

5,337

Other creditors

715

671

44,827

21,823