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REGISTERED NUMBER: 14246669 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

The Big Local Community Shop (Shadsworth
With Whitebirk)

The Big Local Community Shop (Shadsworth
With Whitebirk) (Registered number: 14246669)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


The Big Local Community Shop (Shadsworth
With Whitebirk)

Company Information
for the year ended 31 July 2024







DIRECTORS: Mrs M A Allen
Mrs S M Hatch
Mrs C A Lavery
Miss M L Sagar
Mrs E C Samson





SECRETARY: Miss M L Sagar





REGISTERED OFFICE: 339-341 Accrington Road
Blackburn
United Kingdom
Lancashire
BB1 2AL





REGISTERED NUMBER: 14246669 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

The Big Local Community Shop (Shadsworth
With Whitebirk) (Registered number: 14246669)

Abridged Balance Sheet
31 July 2024

31/7/24 31/7/23
£    £   
CURRENT ASSETS
Debtors 313 269
Cash at bank and in hand 43,931 37,403
44,244 37,672
CREDITORS
Amounts falling due within one year 45,532 38,196
NET CURRENT LIABILITIES (1,288 ) (524 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,288

)

(524

)

RESERVES
Income and expenditure account (1,288 ) (524 )
(1,288 ) (524 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mrs E C Samson - Director


The Big Local Community Shop (Shadsworth
With Whitebirk) (Registered number: 14246669)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

The Big Local Community Shop (Shadsworth With Whitebirk) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Each of the members of the company agrees, in the event of the company being wound up, to contribute to any deficiency in assets a sum not exceeding £1.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides management services to Shadsworth and Whitebirk Big Local Partnership.
Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Big Local Community Shop (Shadsworth
With Whitebirk) (Registered number: 14246669)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .