Registered number 04014172
The Tisbury and District Community Minibus Ltd
Report and Accounts
31 March 2022
The Tisbury and District Community Minibus Ltd Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
The Tisbury and District Community Minibus Ltd Company Information
Directors
Christopher Ewin Donald McLaren Anne Ralphs Martin Ryan Gordon Sorensen Keith Walters
Secretary
Anne Ralphs
Accountants
Donohue Smith & Hartwell Ltd Chartered Certified Accountants 43 Fisherton Street Salisbury Wiltshire SP2 7SU
Registered office
Jubilee House High Street Tisbury Wiltshire SP3 6HA
Registered number
04014172
Registered charity number 1085583
1
The Tisbury and District Community Minibus Ltd Registered number: 04014172 Directors' Report
The directors present their report and accounts for the year ended 31 March 2022.
Principal activities
The company's principal activity during the year continued to be that of a community minibus service.
Directors
The following persons served as directors during the year:
Christopher Ewin Donald McLaren Anne Ralphs Martin Ryan Gordon Sorensen Keith Walters
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on …...................... and signed on its behalf.
………………………………….
Christopher Ewin Director
2
The Tisbury and District Community Minibus Ltd
Report to the directors on the preparation of the unaudited statutory accounts of The Tisbury and District Community Minibus Ltd for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Tisbury and District Community Minibus Ltd for the year ended 31 March 2022 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Donohue Smith & Hartwell Ltd Chartered Certified Accountants 43 Fisherton Street Salisbury Wiltshire SP2 7SU
…......................
3
The Tisbury and District Community Minibus Ltd Profit and Loss Account for the year ended 31 March 2022
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating loss Interest receivable Loss on ordinary activities before taxation Tax on profit on ordinary activities Loss for the year |
2022 £ 25,357 (14,825) 10,532 (23,299) 800 (11,967) 9 (11,958) - (11,958) |
2021 £ 18,557 (9,761) 8,796 (21,271) 10,000 (2,475) 39 (2,436) - (2,436) |
|---|---|---|
4
The Tisbury and District Community Minibus Ltd Registered number: 04014172 Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Capital and reserves Profit and loss account Shareholders' funds |
2022 £ 46,985 3,877 88,321 92,198 (9,218) 82,980 129,965 (18,324) 111,641 111,641 111,641 |
2021 £ 64,132 2,955 90,833 93,788 (9,697) 84,091 148,223 (24,624) 123,599 123,599 123,599 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
………………………………….
Christopher Ewin Director Approved by the board on …......................
5
The Tisbury and District Community Minibus Ltd Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services, plus grants, donations and member subscriptions.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles
7 years straight line
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees
| Employees Average number of persons employed by the company |
2022 Number - |
2021 Number - |
|---|---|---|
6
The Tisbury and District Community Minibus Ltd Notes to the Accounts
for the year ended 31 March 2022
3 Tangible fixed assets
| Cost At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 4 Debtors Trade debtors Value added tax 5 Creditors: amounts falling due within one year Obligations under finance lease and hire purchase contracts Trade creditors Retained income (grant) 6 Creditors: amounts falling due after one year Obligations under finance lease and hire purchase contracts Prepayments |
2022 £ 900 2,393 584 3,877 2022 £ 6,300 335 2,583 9,218 2022 £ 18,324 |
Motor vehicles £ 155,900 155,900 91,768 17,147 108,915 46,985 64,132 2021 £ - 2,530 425 2,955 2021 £ 6,300 - 3,397 9,697 2021 £ 24,624 |
|---|---|---|
7 Other information
The Tisbury and District Community Minibus Ltd is a charitable company limited by guarantee (registered charity number 1085583) and incorporated in England. Its registered office is: Jubilee House
High Street Tisbury Wiltshire SP3 6HA
7
The Tisbury and District Community Minibus Ltd Detailed profit and loss account for the year ended 31 March 2022
This schedule does not form part of the statutory accounts
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating loss Interest receivable Loss before tax |
2022 £ 25,357 (14,825) 10,532 (23,299) 800 (11,967) 9 (11,958) |
2021 £ 18,557 (9,761) 8,796 (21,271) 10,000 (2,475) 39 (2,436) |
|---|---|---|
8
The Tisbury and District Community Minibus Ltd Detailed profit and loss account for the year ended 31 March 2022
This schedule does not form part of the statutory accounts
| Turnover Hirings Fare receipts Bus Service Operators Grant Wiltshire County Council Community Grant income Concessionary fares - Dorset County Council Concessionary fares - Wiltshire County Council Trip income Donations received Members' fees (subscriptions) Grant release Cost of sales Drivers' costs Bus insurance Bus road tax Bus fuel Routine maintenance and repairs Bus sundry expenses Administrative expenses General administrative expenses: Telephone and fax Stationery and printing Insurance Co-ordinator costs Software Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other operating income Other operating income COVID Grant |
2022 £ 5,914 276 1,063 7,750 1,292 5,634 984 1,360 270 814 25,357 868 4,638 330 2,710 4,454 1,825 14,825 216 650 456 2,972 143 17,147 201 21,785 1,514 1,514 23,299 800 - 800 |
2021 £ 735 - 1,063 7,750 1,474 5,566 - 1,125 30 814 18,557 - 4,930 371 804 2,321 1,335 9,761 108 611 438 891 415 17,147 241 19,851 1,420 1,420 21,271 - 10,000 10,000 |
|---|---|---|
9