The Carnival Glass Society (UK) Limited |
Registered number: |
02977307 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
87,443 |
|
|
87,562 |
|
Current assets |
Cash at bank and in hand |
|
|
5,024 |
|
|
5,172 |
|
Creditors: amounts falling due within one year |
4 |
|
(2,504) |
|
|
(523) |
|
Net current assets |
|
|
|
2,520 |
|
|
4,649 |
|
Net assets |
|
|
|
89,963 |
|
|
92,211 |
|
|
|
|
|
|
|
|
Reserves |
Income and expenditure account |
|
|
|
89,963 |
|
|
92,211 |
|
Member' funds |
|
|
|
89,963 |
|
|
92,211 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Stephen John Auty |
Director |
Approved by the board on 19 March 2025 |
|
The Carnival Glass Society (UK) Limited |
Notes to the Accounts |
for the year ended 30 June 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Other income |
|
Income consists of a mixture of subscriptions, donations, fund raising, sale of glass items and contributions from the society's members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Heritage Assets |
Nil |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Heritage assets |
|
Heritage assets consist of a collection of glass, which is predominantly carnival glass with some related glass items, that was gifted to the Carnival Glass Society on 30 October 2016. The collection has been extensively researched and catalogued by the Directors and independently valued by Mr Brian Neal of Branksome Antiques in Poole, Dorset. Mr Neal is a qualified antiques valuer who has many years' experience buying and selling carnival glass as well as other antiques. The Directors consider the valuation to be realistic taking into account the current market conditions. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The company is a not for profit organisation and therefore not liable to corporation tax. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Heritage Assets |
|
Furniture, Fixtures and Equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2023 |
87,546 |
|
3,381 |
|
90,927 |
|
Disposals |
(115) |
|
- |
|
(115) |
|
At 30 June 2024 |
87,431 |
|
3,381 |
|
90,812 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
- |
|
3,365 |
|
3,365 |
|
Charge for the year |
- |
|
4 |
|
4 |
|
At 30 June 2024 |
- |
|
3,369 |
|
3,369 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
87,431 |
|
12 |
|
87,443 |
|
At 30 June 2023 |
87,546 |
|
16 |
|
87,562 |
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
2,504 |
|
523 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
The Carnival Glass Society (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Valley Cottage |
|
Skeete Road |
|
Lyminge |
|
Kent |
|
CT18 8DS |