for the Period Ended 31 March 2022
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 March 2022
Directors
The directors shown below have held office during the whole of the period from
1 April 2021 to 31 March 2022
The director shown below has held office during the period of
6 December 2021 to 31 March 2022
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
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | ( |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | ( |
Profit(or loss) for the financial year: | | ( |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
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: | | | |
Provision for liabilities: | | | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Other reserves: | | | |
Profit and loss account: | | ( | |
Total Shareholders' 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 March 2022
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 March 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2021 | | | | | | |
Additions | | | | | | |
Disposals | | ( | | | | ( |
Revaluations | | | | | | |
Transfers | | | | | | |
At 31 March 2022 | | | | | | |
Depreciation | ||||||
At 1 April 2021 | | | | | | |
Charge for year | | | | | | |
On disposals | | ( | | | | ( |
Other adjustments | | | | | | |
At 31 March 2022 | | | | | | |
Net book value | ||||||
At 31 March 2022 | | | | | | |
At 31 March 2021 | | | | | | |
for the Period Ended 31 March 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
HCN has built an in-ground fibreoptic network around the area of Dewsall and Callow. It’s partner company, Pure Fibre, uses this network to provide high speed internet services to it’s shareholders and customers, a service which is unlikely to have been provided by large internet companies within a reasonable timeframe.HCN’s income comes from the charge it makes Pure Fibre to use it’s fibre network to transmit broadband services.If surplus income was ever generated - which has not yet occurred - it would be used to support initiatives and services within the local community.
HCN’s stakeholders are the local community, it’s customers, shareholders, directors and associated companies - Wansdyke Ltd, Fibre Options Ltd and Pure Fibre. There is also a recommended local IT engineer who provides technical support .The company holds regular director meetings and where necessary shareholder and customer meetings. An AGM is held in the autumn each year with shareholders and customers with an annual report and accounts.Email and phone contact is made with customers and shareholders when it is required to keep the full community up-to-date with progress and developments in the network.Feedback from shareholders and customers is taken into account when directors are making any decisions.Service satisfaction is high and the company has been recognised by both EU and UK organisations as exceptional in its approach to rural broadband network provision.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 December 2022
And signed on behalf of the board by:
Name: David Malins
Status: Director