for the Period Ended 31 August 2020
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2020
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 September 2019 to 31 August 2020
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2020 | 2019 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | ( |
Profit(or loss) before tax: | | ( |
Profit(or loss) for the financial year: | | ( |
As at
Notes | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Accruals and deferred income: | ( | ||
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2020
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 August 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 August 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 31 August 2020
2019 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
Community Accounting Services Kernow CIC continued to work with charities, CICs and not for profit companies during the financial yearThe company derives 100% of its income from tradingThe work included book-keeping, management accounts and end of year accounts. Some clients were given training and help to set up their own accounts using accounting software and became much better organisied and in control of their finances as a result.Clients that had their end of year accounts prepared and examined were able to make considerable savings on their previous costs using commercial accountants giving them more to spend on their charitable objects.
The stakeholders are the charities and CICs that used the company's services. No formal consultation has taken place but working with charity employees and trustees has enabled the service to be tailored exactly to their needs. Clients have indicated that they are very happy with the service they receive and a new series of testimonials is being prepared for newer clients for future marketing.
Provided in accounts as £6,500 in Note 2. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
11 January 2021
And signed on behalf of the board by:
Name: CHRISTOPHER DENNIS
Status: Director