Company Registration No. 09553129 (England and Wales)
The Community Shares Company Ltd
Unaudited accounts
for the year ended 31 March 2023
The Community Shares Company Ltd
Unaudited accounts
Contents
The Community Shares Company Ltd
Company Information
for the year ended 31 March 2023
Directors
David Boyle
Emma Boyle
Company Number
09553129 (England and Wales)
Registered Office
121 Bonchurch Road
Brighton
BN2 3PJ
United Kingdom
Accountants
Forgue Accounting Ltd
111, Ditchling Road
Brighton
East Sussex
BN1 4SE
The Community Shares Company Ltd
Accountants' report
Accountants' report to the board of directors of The Community Shares Company Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Forgue Accounting Ltd
111, Ditchling Road
Brighton
East Sussex
BN1 4SE
12 December 2023
The Community Shares Company Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
21,731
62,732
Creditors: amounts falling due within one year
(3,608)
(10,734)
Net current assets
30,131
61,618
Total assets less current liabilities
30,430
62,215
Creditors: amounts falling due after more than one year
(27,886)
(28,513)
Called up share capital
2
2
Profit and loss account
2,542
33,700
Shareholders' funds
2,544
33,702
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2023 and were signed on its behalf by
David Boyle
Director
Company Registration No. 09553129
The Community Shares Company Ltd
Notes to the Accounts
for the year ended 31 March 2023
The Community Shares Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 09553129. The registered office is 121 Bonchurch Road, Brighton, BN2 3PJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 25% per year.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
The Community Shares Company Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
462
200
662
At 31 March 2023
462
200
662
At 1 April 2022
115
67
182
Charge for the year
115
67
182
At 31 March 2023
230
134
364
At 31 March 2023
232
66
298
At 31 March 2022
347
133
480
Amounts falling due within one year
Trade debtors
11,808
9,420
7
Investments held as current assets
2023
2022
Unlisted investments
200
200
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,761
11,607
Loans from directors
(5,985)
(3,340)
9
Creditors: amounts falling due after more than one year
2023
2022
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).