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