GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09608624 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Cost of sales: ( 6,014 ) ( 307 )
Gross profit(or loss): (6,014) (307)
Administrative expenses: ( 134 ) ( 133 )
Other operating income: 6,148 440
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 48 48
Cash at bank and in hand: 795 6,928
Total current assets: 843 6,976
Creditors: amounts falling due within one year: 4 ( 1,214 ) ( 7,347 )
Net current assets (liabilities): (371) (371)
Total assets less current liabilities: (371) ( 371)
Total net assets (liabilities): (371) (371)
Members' funds
Profit and loss account: (371) ( 371)
Total members' funds: ( 371) (371)

The notes form part of these financial statements

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 November 2024
and signed on behalf of the board by:

Name: Mr D Casswell
Status: Director

The notes form part of these financial statements

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    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, of each asset evenly over its expected useful life, as follows:

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Stocks

2024 2023
£ £
Stocks 48 48
Total 48 48

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,214 7,347
Total 1,214 7,347

COMMUNITY INTEREST ANNUAL REPORT

GOSBERTON & DISTRICT COMMUNITY ACTION TEAM COMMUNITY INTEREST COMPANY

Company Number: 09608624 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

During the year the company has continued to act for the betterment of the villages of Gosberton, Gosberton Clough and Risegate and Quadring. Fundraising opportunities and qualifying recipients were sought in the year.

Consultation with stakeholders

Continued open and online meetings were held during the year with minutes accessible to the community. The directors were present during the open events and fundraising activities and were available to speak directly to any member of the public.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 November 2024

And signed on behalf of the board by:
Name: Mr D Casswell
Status: Director