Cambridgeshire Community Reuse and Recycling Network Ltd Filleted accounts for Companies House (small and micro)

Cambridgeshire Community Reuse and Recycling Network Ltd Filleted accounts for Companies House (small and micro)

CAMBRIDGESHIRE COMMUNITY REUSE AND RECYCLING NETWORK LTD - Company Information

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COMPANY REGISTRATION NUMBER: 05370849
Cambridgeshire Community Reuse and Recycling Network Ltd
Company Limited by Guarantee
Filleted Unaudited Financial Statements
For the year ended
5 April 2019
Cambridgeshire Community Reuse and Recycling Network Ltd
Company Limited by Guarantee
Statement of Financial Position
5 April 2019
2019
2018
Note
£
£
Fixed assets
Tangible assets
5
5,810
3,615
Current assets
Stocks
9,069
5,127
Debtors
6
25,185
14,070
Cash at bank and in hand
28,800
34,610
--------
--------
63,054
53,807
Creditors: amounts falling due within one year
7
26,142
4,762
--------
--------
Net current assets
36,912
49,045
--------
--------
Total assets less current liabilities
42,722
52,660
--------
--------
Net assets
42,722
52,660
--------
--------
Capital and reserves
Profit and loss account
42,722
52,660
--------
--------
Members funds
42,722
52,660
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 5 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cambridgeshire Community Reuse and Recycling Network Ltd
Company Limited by Guarantee
Statement of Financial Position (continued)
5 April 2019
These financial statements were approved by the board of directors and authorised for issue on 23 December 2019 , and are signed on behalf of the board by:
Mr M Pheasant
Mrs L N Digiovanni
Director
Director
Company registration number: 05370849
Cambridgeshire Community Reuse and Recycling Network Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 5 April 2019
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Ccorrn, 3 Commercial Road, March, Cambridgeshire, PE15 8QP.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of income and retained earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
3. Company limited by guarantee
The company is limited by guarantee and does not have a share capital. Every member of the company undertakes to contribute to the assets of the company such amounts as may be required, with a maximum contribution of £1 per member.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2018: 6 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 6 April 2018
1,508
3,979
4,121
9,608
Additions
4,500
–
–
4,500
Disposals
–
( 2,579)
( 1,628)
( 4,207)
-------
-------
-------
-------
At 5 April 2019
6,008
1,400
2,493
9,901
-------
-------
-------
-------
Depreciation
At 6 April 2018
1,307
2,287
2,399
5,993
Charge for the year
571
188
604
1,363
Disposals
–
( 1,637)
( 1,628)
( 3,265)
-------
-------
-------
-------
At 5 April 2019
1,878
838
1,375
4,091
-------
-------
-------
-------
Carrying amount
At 5 April 2019
4,130
562
1,118
5,810
-------
-------
-------
-------
At 5 April 2018
201
1,692
1,722
3,615
-------
-------
-------
-------
6. Debtors
2019
2018
£
£
Trade debtors
20,268
9,071
Other debtors
4,917
4,999
--------
--------
25,185
14,070
--------
--------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Bank loans and overdrafts
–
3,364
Trade creditors
195
–
Social security and other taxes
15,211
33
Pension Contributions
510
165
Other creditors
10,226
1,200
--------
-------
26,142
4,762
--------
-------