Registered number
07366749
COMMUNITY MATTERS LTD.
Filleted Accounts
31 March 2024
COMMUNITY MATTERS LTD.
Registered number: 07366749
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 49,642 17,334
Current assets
Debtors 4 174,475 163,880
Cash at bank and in hand 407,411 52,051
581,886 215,931
Creditors: amounts falling due within one year 5 (563,466) (155,263)
Net current assets 18,420 60,668
Total assets less current liabilities 68,062 78,002
Creditors: amounts falling due after more than one year 6 (32,363) -
Net assets 35,699 78,002
Capital and reserves
Called up share capital 100 100
Profit and loss account 35,599 77,902
Shareholders' funds 35,699 78,002
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.
Mr Murat Ozcelik
Director
Approved by the board on 11 October 2024
COMMUNITY MATTERS LTD.
Notes to the Accounts
for the year ended 31 March 2024
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 value added taxes. Turnover includes revenue earned from the rendering of services. 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@18% per annum (reducing balance method).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 12
3 Tangible fixed assets
Fix, fittings & equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 44,802 - 44,802
Additions 5,693 42,509 48,202
At 31 March 2024 50,495 42,509 93,004
Depreciation
At 1 April 2023 27,468 - 27,468
Charge for the year 6,714 9,180 15,894
At 31 March 2024 34,182 9,180 43,362
Net book value
At 31 March 2024 16,313 33,329 49,642
At 31 March 2023 17,334 - 17,334
4 Debtors 2024 2023
£ £
Trade debtors 100,948 162,592
Prepayments & other debtors 73,527 1,288
174,475 163,880
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,131 -
Corporation tax 31,321 55,568
Other taxes and social security costs 105,015 45,570
Accrued expenses & other creditors 419,999 54,125
563,466 155,263
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 32,363 -
7 Other information
COMMUNITY MATTERS LTD. is a private company limited by shares and incorporated in England. Its registered office is:
C/o- Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
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