Hassocks Community Organisation - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07128053 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Hassocks Community Organisation

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr C E Wilsdon

Mrs C Cassidy

Mr J M Wakeham

MS E Woodhurst-Trueman

Mr J Soper

Professor F Maillardet

Mr R Kenhard

REGISTERED OFFICE:

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

REGISTERED NUMBER:

07128053 (England and Wales)

ACCOUNTANTS:

Price Green & Co

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

FIXED ASSETS

Tangible assets

4

3,381

1,573

CURRENT ASSETS

Stocks

1,774

1,915

Debtors

5

1,068

709

Cash at bank and in hand

32,773

36,783

35,615

39,407

CREDITORS

Amounts falling due within one year

6

1,596

1,092

NET CURRENT ASSETS

34,019

38,315

TOTAL ASSETS LESS CURRENT LIABILITIES

37,400

39,888

RESERVES

Income and expenditure account

7

37,400

39,888

37,400

39,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:

Mr J M Wakeham - Director

1.	STATUTORY INFORMATION

Hassocks Community Organisation is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

11,450

Additions

3,400

Disposals

(2,109

)

At 31 March 2022

12,741

DEPRECIATION

At 1 April 2021

9,877

Charge for year

1,127

Eliminated on disposal

(1,644

)

At 31 March 2022

9,360

NET BOOK VALUE

At 31 March 2022

3,381

At 31 March 2021

1,573

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

1,068

709

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

30

30

Other creditors

1,566

1,062

1,596

1,092

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2021

39,888

Deficit for the year

(2,488

)

At 31 March 2022

37,400

8.	RELATED PARTY DISCLOSURES

Mr J M Wakeham was the company's managing director throughout the current year.

9.	GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.