REGISTERED NUMBER: |
NORTHIAM BONFIRE SOCIETY |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
19 MARCH 2024 TO 31 DECEMBER 2024 |
REGISTERED NUMBER: |
NORTHIAM BONFIRE SOCIETY |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
19 MARCH 2024 TO 31 DECEMBER 2024 |
NORTHIAM BONFIRE SOCIETY (REGISTERED NUMBER: 15577479) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2024 TO 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
NORTHIAM BONFIRE SOCIETY |
COMPANY INFORMATION |
FOR THE PERIOD 19 MARCH 2024 TO 31 DECEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Landgate Chambers |
24 Landgate |
Rye |
East Sussex |
TN31 7LJ |
NORTHIAM BONFIRE SOCIETY (REGISTERED NUMBER: 15577479) |
BALANCE SHEET |
31 DECEMBER 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
NORTHIAM BONFIRE SOCIETY (REGISTERED NUMBER: 15577479) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2024 TO 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Northiam Bonfire Society is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover represents donations, collection monies, fundraising and other income generated from the organisation, promotion and operation of the annual Northiam bonfire celebrations. |
Income received for fundraising events taking place in the next accounting period have been recognised as deferred income. The income will be recognised in the accounting period in which the event takes place. |
TANGIBLE FIXED ASSETS |
Equipment | - |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
TAXATION |
The company is a mutual trading company and therefore no tax liability arises on the surplus in the year. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
Additions |
At 31 December 2024 |
DEPRECIATION |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
NORTHIAM BONFIRE SOCIETY (REGISTERED NUMBER: 15577479) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 MARCH 2024 TO 31 DECEMBER 2024 |
6. | LIMITED BY GUARANTEE |
The company is limited by guarantee and the liability of each member is limited to an amount not exceeding £1. |