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REGISTERED NUMBER: 15577479 (England and Wales)














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: Mrs K Ayling
P B Sargent
L Wells





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 15577479 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
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 5,258

CURRENT ASSETS
Stocks 205
Cash at bank and in hand 17,926
18,131
CREDITORS
Amounts falling due within one year 5 1,650
NET CURRENT ASSETS 16,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,739

RESERVES
Income and expenditure account 21,739
21,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




L Wells - Director



P B Sargent - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost

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 6,573
At 31 December 2024 6,573
DEPRECIATION
Charge for period 1,315
At 31 December 2024 1,315
NET BOOK VALUE
At 31 December 2024 5,258

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,650

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.