for the Period Ended 28 February 2019
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
for the Period Ended
2019 | 2018 | |
---|---|---|
| £ | £ |
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 | 2019 | 2018 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | |
Total net assets (liabilities): | | ( | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
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 28 February 2019
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 28 February 2019
2019 | 2018 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2019
2019 | ||
---|---|---|
£ | ||
Trade debtors | | |
Total | |
for the Period Ended 28 February 2019
2019 | ||
---|---|---|
£ | ||
Trade creditors | | |
Total | |
for the Period Ended 28 February 2019
2018 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
The Margate Town Team is responsible was distributing a grant made by Mary Portas to improve the High Street in Margate, which has for many years suffered from considerable neglect and the affects of large out of town shopping complexes (Westwood Cross). This grant is now exhausted and the Town Team continue to raise funds to raise the profile of the town.Fostering Enterprise:We have continued to nurture and support our Pop Up Shop on Margate High Street as an incubator unit for developing potential retailers to gain a foot hold in Margate.We have provided street entertainers on and at the bottom of the High Street on a number of weekends across the summer to increase footfall in the area. Together with two Street Markets (Winter & Summer).Proactively marketing Margate as a place where business wants to come. Approaching artists and craftspeople to take up space in the local area.
The Town Team constantly strives to engage with all stakeholders and other interested bodies. Local Businesses in and around Margate High Street, Thanet District Council TDC, The Turner Centre Margate, Local Residents, Kent County Council KCC and Dreamland Trust.We employed a part time Town Team coordinator to Nov 17 to liaise in person with local businesses and to support the Pop Up Shop, following which these duties have been taken over by the Directors.We have dedicated web site and make regular posts on both Facebook and Twitter.The directors regularly meet with TDC and other stake holders as required.
The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £4,144. 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
Mr A Brown
30 November 2019