| CHRIST GOSPEL ASSEMBLY |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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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. |
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Creditors |
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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. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
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At 1 January 2025 |
22,281 |
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Additions |
250 |
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At 31 December 2025 |
22,531 |
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Depreciation |
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At 1 January 2025 |
10,549 |
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Charge for the year |
1,809 |
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At 31 December 2025 |
12,358 |
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Net book value |
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At 31 December 2025 |
10,173 |
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At 31 December 2024 |
11,732 |
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| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
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At 1 January 2025 |
112,000 |
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Disposals |
(43,767) |
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At 31 December 2025 |
68,233 |
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Other debtors |
- |
|
1,457 |
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| 6 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
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Fair value |
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Increase/(decrease) in fair value included in the profit and loss account for the financial year |
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Listed investments |
- |
|
1,000 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Taxation and social security costs |
897 |
|
384 |
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Other creditors |
3,000 |
|
1,750 |
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|
3,897 |
|
2,134 |
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| 8 |
Other information |
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CHRIST GOSPEL ASSEMBLY is a private company limited by guarantee and incorporated in England. Its registered office is: |
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The Lighthouse |
|
164 Dock Road |
|
Tilbury |
|
Essex |
|
RM18 7BS |