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Company limited by guarantee

Company Registration Number:
12159048 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

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Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principal activity of the company during the year under review was a not for profit, Community Interest Company, loaning equipment to the community.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

T.P. Buescher
K.J. Burnell
A. Dalgairns


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 May 2025

And signed on behalf of the board by:
Name: A. Dalgairns
Status: Director

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Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 18,224 14,750
Cost of sales: ( 981 ) ( 658 )
Gross profit(or loss): 17,243 14,092
Distribution costs: ( 334 ) ( 164 )
Administrative expenses: ( 42,725 ) ( 36,826 )
Other operating income: 30,447 26,449
Operating profit(or loss): 4,631 3,551
Profit(or loss) before tax: 4,631 3,551
Tax: ( 879 ) ( 675 )
Profit(or loss) for the financial year: 3,752 2,876

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Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,525 9,621
Total fixed assets: 11,525 9,621
Current assets
Debtors: 4 2,790 600
Cash at bank and in hand: 11,473 8,733
Total current assets: 14,263 9,333
Creditors: amounts falling due within one year: 5 ( 6,925 ) ( 4,382 )
Net current assets (liabilities): 7,338 4,951
Total assets less current liabilities: 18,863 14,572
Provision for liabilities: ( 2,190 ) ( 1,651 )
Total net assets (liabilities): 16,673 12,921
Members' funds
Profit and loss account: 16,673 12,921
Total members' funds: 16,673 12,921

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 27 May 2025
and signed on behalf of the board by:

Name: A. Dalgairns
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Leasehold land and buildings 33% Straight line Plant and machinery 33% Straight line Furniture, fittings and equipment 33% Straight line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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 profits 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate 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. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 2

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Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 1,387 15,975 2,577 19,939
Additions 7,102 1,304 8,406
Disposals ( 1,387 ) ( 1,387 )
Revaluations
Transfers
At 31 August 2024 0 23,077 3,881 26,958
Depreciation
At 1 September 2023 924 7,879 1,515 10,318
Charge for year 5,212 827 6,039
On disposals ( 924 ) ( 924 )
Other adjustments
At 31 August 2024 0 13,091 2,342 15,433
Net book value
At 31 August 2024 0 9,986 1,539 11,525
At 31 August 2023 463 8,096 1,062 9,621

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Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 600
Prepayments and accrued income 2,790
Total 2,790 600

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Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 165 148
Taxation and social security 669 95
Accruals and deferred income 3,000
Other creditors 3,091 4,139
Total 6,925 4,382

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12159048 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

A social audit report covering these points is attached.

Consultation with stakeholders

A social audit report covering these points is attached.

Directors' remuneration

Remuneration totalling £21,650 was received during the year.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 May 2025

And signed on behalf of the board by:
Name: A. Dalgairns
Status: Director