Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 20 March 2025 1 July 2023 30 June 2024 30 June 2024 08582661 Mr Benjamin Goldsmith Mr Luke Graham Mr Samuel Hall Mr Alexander Northcote Mrs Jane MacBean Mrs Linda Richards Ms Rosa-Maria Stewart Mrs Daisy Abdy Powell-Chandler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08582661 2023-06-30 08582661 2024-06-30 08582661 2023-07-01 2024-06-30 08582661 frs-core:CurrentFinancialInstruments 2024-06-30 08582661 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08582661 frs-bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 08582661 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08582661 frs-bus:SmallEntities 2023-07-01 2024-06-30 08582661 frs-bus:Audited 2023-07-01 2024-06-30 08582661 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08582661 frs-bus:Director1 2023-07-01 2024-06-30 08582661 frs-bus:Director2 2023-07-01 2024-06-30 08582661 frs-bus:Director3 2023-07-01 2024-06-30 08582661 frs-bus:Director4 2023-07-01 2024-06-30 08582661 frs-bus:Director5 2023-07-01 2024-06-30 08582661 frs-bus:Director6 2023-07-01 2024-06-30 08582661 frs-bus:Director7 2023-07-01 2024-06-30 08582661 frs-bus:Director8 2023-07-01 2024-06-30 08582661 frs-countries:EnglandWales 2023-07-01 2024-06-30 08582661 2022-06-30 08582661 2023-06-30 08582661 2022-07-01 2023-06-30 08582661 frs-core:CurrentFinancialInstruments 2023-06-30 08582661 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Conservative Environment Network
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08582661
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 133,945 276,076
Cash at bank and in hand 391,712 156,061
525,657 432,137
Creditors: Amounts Falling Due Within One Year 5 (320,630 ) (243,221 )
NET CURRENT ASSETS (LIABILITIES) 205,027 188,916
TOTAL ASSETS LESS CURRENT LIABILITIES 205,027 188,916
NET ASSETS 205,027 188,916
Income and Expenditure Account 205,027 188,916
MEMBERS' FUNDS 205,027 188,916
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Alexander Northcote
Director
20th March 2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Conservative Environment Network is a private company, limited by guarantee, incorporated in England & Wales, registered number 08582661 . The registered office is 9 Byford Court Crockatt Road, Hadleigh, Ipswich, Suffolk, IP7 6RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors are confident that the company is a going concern for the forseeable future due to the organisation's healthy financial reserves, significant committed grant income for the coming months, and flexibility over our administrative expenses.
2.3. Turnover
Turnover represents the amounts receivable as sponsorship, donations and grants.
Event sponsorship is recognised when the event takes place. Grants are released in relation to the specific spending during the period.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.6. Summary of disclosure exemptions
The company is exempt from preparing cash flow statements as it is a small company.
2.7. Debtors
Trade debtors represent amounts in respect of grants due to be paid to the company in respect of normal operations of the business.
Trade debtors are initially recognised at the transaction amount. They are subsequently measured at the amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able/entitled to receive all amounts due according to the original terms of the receivables.
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2.8. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have on unconditional rights, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Creditors also include amounts in relation to deferred grant/sponsorship income. Deferred income is recognised initially on the amounts received less the amount of expenditure incurred against the total amount received, less any amounts due to be repaid due to the company no longer meeting the eligibility criteria to retain the funds.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 250 82,000
Other debtors 133,695 194,076
133,945 276,076
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,557 1,199
Other creditors 271,168 189,645
Taxation and social security 18,905 52,377
320,630 243,221
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7. Audit Information
The auditor's report on the accounts of Conservative Environment Network for the year ended 30 June 2024 was unqualified.
The auditor's report was signed by Caroline Webster (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor.
UHY Ross Brooke
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
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