ONGAR NEWS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08993351 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

ONGAR NEWS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

ONGAR NEWS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 12,605 12,920
Cost of sales: ( 9,832 ) ( 9,988 )
Gross profit(or loss): 2,773 2,932
Distribution costs: ( 910 ) ( 980 )
Administrative expenses: ( 1,708 ) ( 1,885 )
Operating profit(or loss): 155 67
Profit(or loss) before tax: 155 67
Tax: ( 29 ) ( 13 )
Profit(or loss) for the financial year: 126 54

ONGAR NEWS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 1,437 3,187
Cash at bank and in hand: 12,391 9,336
Total current assets: 13,828 12,523
Creditors: amounts falling due within one year: 4 ( 3,249 ) ( 3,220 )
Net current assets (liabilities): 10,579 9,303
Total assets less current liabilities: 10,579 9,303
Provision for liabilities: ( 750 ) ( 750 )
Accruals and deferred income: ( 2,554 ) ( 1,404 )
Total net assets (liabilities): 7,275 7,149
Members' funds
Profit and loss account: 7,275 7,149
Total members' funds: 7,275 7,149

The notes form part of these financial statements

ONGAR NEWS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 31 January 2025
and signed on behalf of the board by:

Name: Karen Bush
Status: Director

The notes form part of these financial statements

ONGAR NEWS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 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

ONGAR NEWS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ONGAR NEWS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,437 3,187
Total 1,437 3,187

ONGAR NEWS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 42 13
Other creditors 3,207 3,207
Total 3,249 3,220

COMMUNITY INTEREST ANNUAL REPORT

ONGAR NEWS COMMUNITY INTEREST COMPANY

Company Number: 08993351 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The company publishes a monthly newspaper, The Ongar News, which provides the local area with news of past and upcoming events affecting the area. Advertisements from local businesses are encouraged and these pay for the cost of printing the paper, as well as helping small local businesses to grow. 2,000 copies are printed every month in addition to the paper's online presence

Consultation with stakeholders

No consultation with stakeholders

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
31 January 2025

And signed on behalf of the board by:
Name: Karen Bush
Status: Director