NORTH STREET GALLERY CIC

NORTH STREET GALLERY CIC

NORTH STREET GALLERY CIC - Company Information

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NORTH STREET GALLERY CIC

Company limited by guarantee

Company Registration Number:
12122390 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2020

Period of accounts

Start date: 25 July 2019

End date: 31 July 2020

NORTH STREET GALLERY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2020

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NORTH STREET GALLERY CIC

Profit And Loss Account

for the Period Ended 31 July 2020

2020


£
Turnover: 12,773
Cost of sales: ( 8,389 )
Gross profit(or loss): 4,384
Administrative expenses: ( 13,631 )
Other operating income: 10,000
Operating profit(or loss): 753
Profit(or loss) before tax: 753
Tax: ( 143 )
Profit(or loss) for the financial year: 610

NORTH STREET GALLERY CIC

Balance sheet

As at 31 July 2020

Notes 2020


£
Current assets
Cash at bank and in hand: 753
Total current assets: 753
Creditors: amounts falling due within one year: 3 ( 143 )
Net current assets (liabilities): 610
Total assets less current liabilities: 610
Total net assets (liabilities): 610
Members' funds
Profit and loss account: 610
Total members' funds: 610

The notes form part of these financial statements

NORTH STREET GALLERY CIC

Balance sheet statements

For the year ending 31 July 2020 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 January 2021
and signed on behalf of the board by:

Name: Andrew Price
Status: Director

The notes form part of these financial statements

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 2. Employees

    2020
    Average number of employees during the period 0

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2020

3. Creditors: amounts falling due within one year note

2020
£
Taxation and social security 143
Total 143

COMMUNITY INTEREST ANNUAL REPORT

NORTH STREET GALLERY CIC

Company Number: 12122390 (England and Wales)

Year Ending: 31 July 2020

Company activities and impact

It has benefited the community by providing a gallery for local artists to exhibit their work and workspace for local community groups.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 January 2021

And signed on behalf of the board by:
Name: Andrew Price
Status: Director