YARDLEY ARTS COMMUNITY INTEREST COMPANY

Company Registration Number:
08034592 (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

YARDLEY ARTS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YARDLEY ARTS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 3,899 2,178
Cash at bank and in hand: 14,923 17,557
Investments:   0 0
Total current assets: 18,822 19,735
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 10,883 ) ( 18,790 )
Net current assets (liabilities): 7,939 945
Total assets less current liabilities: 7,939 945
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 7,939 945
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 7,937 943
Total Shareholders' funds: 7,939 945

The notes form part of these financial statements

YARDLEY ARTS 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Richard Artus
Status: Director

The notes form part of these financial statements

YARDLEY ARTS 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

    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 is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

YARDLEY ARTS 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 2 2

YARDLEY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,721 2,178
Other debtors 2,178 0
Total 3,899 2,178

YARDLEY ARTS 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
£ £
Trade creditors 0 0
Taxation and social security 2,147 152
Other creditors 8,736 18,638
Total 10,883 18,790

COMMUNITY INTEREST ANNUAL REPORT

YARDLEY ARTS COMMUNITY INTEREST COMPANY

Company Number: 08034592 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Yardley Arts Community Interest Company is a not for profit company, whose objective is to carry out activities which benefit the community and to promote the participation in art. We carry out workshops for sculpture, painting, drawings and also hold cultural events. We also work closely with the local community, including the local primary school.

Consultation with stakeholders

The company’s stakeholders are the attendees of the courses run and talks held. After each course, the attendees receive a questionnaire as to their opinion of the course and improvements needed. Additionally, research is conducted to find out what kind of courses and talks people would like to see hosted in the future. We maintain an ongoing dialogue and communication with the attendees via email and social media.

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: Richard Artus
Status: Director