Company registration number: 4652393
Ward 3 Community Partnership Limited
Unaudited financial statements
31 March 2023
Ward 3 Community Partnership Limited
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Statement of comprehensive income | 3 |
| Statement of financial position | 4 - 5 |
| Statement of changes in equity | 6 |
| Notes to the financial statements | 7 - 8 |
Ward 3 Community Partnership Limited
Directors and other information
| Directors | Elizabeth Rhodes | ||
|---|---|---|---|
| Victor Wilkins | |||
| Nasim Aslam | |||
| Muhammed Younis Abassi | |||
| Michael O'Donnell | |||
| Margaret Isherwood | |||
| Mandy Barraclough | |||
| Joan Barraclough | |||
| Secretary | Margaret Isherwood | ||
| Company number | 4652393 | ||
| Registered office | Balne Lane | ||
| Wakefield | |||
| West Yorkshire | |||
| WF2 0DP | |||
| Accountants | Mayfair Accountancy |
& | Tax |
| Services Limited | |||
| 134 Bradford Road | |||
| Dewsbury | |||
| West Yorkshire | |||
| WF13 2EW | |||
| Bankers | Virgin Money | ||
| Westgate | |||
| Wakefield | |||
| WF1 1XD |
Page 1
Ward 3 Community Partnership Limited
Directors report Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023.
Directors
The directors who served the company during the year were as follows:
Elizabeth Rhodes Victor Wilkins Nasim Aslam Muhammed Younis Abassi Michael O'Donnell Margaret Isherwood Mandy Barraclough Joan Barraclough
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 19 December 2023 and signed on behalf of the board by:
Elizabeth Rhodes Director
Page 2
Ward 3 Community Partnership Limited
Statement of comprehensive income Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Turnover | 27,616 | 21,430 | |||
| Cost of sales | - | - | |||
| Administrative expenses | (53,568 | ) | (38,937 | ) | |
| Other operating income | 19,398 | 33,376 | |||
| Operating (loss)/profit | (6,554 | ) | 15,869 | ||
| (Loss)/profit before taxation | 5 | (6,554 | ) | 15,869 | |
| Tax on (loss)/profit | - | - | |||
| (Loss)/profit for the financial year and total | |||||
| comprehensive income | (6,554 | ) | 15,869 |
All the activities of the company are from continuing operations.
The notes on pages 7 to 8 form part of these financial statements.
Page 3
Ward 3 Community Partnership Limited
Statement of financial position 31 March 2023
| Note Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Shareholders funds |
2023 £ 15,215 2,808 50,986 53,794 ) (300 |
£ 15,215 53,494 68,709 68,709 68,709 68,709 |
2022 £ £ 17,900 17,900 1,844 56,119 57,963 ) (600 57,363 75,263 75,263 75,263 75,263 |
2022 £ £ 17,900 17,900 1,844 56,119 57,963 ) (600 57,363 75,263 75,263 75,263 75,263 |
|---|---|---|---|---|
| 75,263 | ||||
| 75,263 | ||||
| 75,263 | ||||
| 75,263 |
For the year ending 31 March 2023 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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Ward 3 Community Partnership Limited
Statement of financial position (continued) 31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 19 December 2023, and are signed on behalf of the board by:
Elizabeth Rhodes Director
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Ward 3 Community Partnership Limited
Statement of changes in equity Year ended 31 March 2023
| Profit and loss account £ At 1 April 2021 59,394 (Loss)/profit for the year 15,869 Total comprehensive income for the year 15,869 At 31 March 2022 and 1 April 2022 75,263 (Loss)/profit for the year ) (6,554 Total comprehensive income for the year ) (6,554 At 31 March 2023 68,709 |
Total £ 59,394 15,869 15,869 75,263 ) (6,554 ) (6,554 68,709 |
|---|---|
Page 6
Ward 3 Community Partnership Limited
Notes to the financial statements Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Balne Lane Community Centre, Balne Lane, Wakefield, West Yorkshire, WF2 0DP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
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.
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 comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Page 7
Ward 3 Community Partnership Limited
Notes to the financial statements (continued) Year ended 31 March 2023
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3).
5. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
| 2023 £ Depreciation of tangible assets 2,685 6. Tangible assets Fixtures, fittings and equipment £ Cost At 1 April 2022 and 31 March 2023 68,079 Depreciation At 1 April 2022 50,179 Charge for the year 2,685 At 31 March 2023 52,864 Carrying amount At 31 March 2023 15,215 At 31 March 2022 17,900 7. Debtors 2023 £ Trade debtors 2,792 Other debtors 16 2,808 8. Creditors: amounts falling due within one year 2023 £ Other creditors 300 |
2022 £ 3,159 Total £ 68,079 |
|---|---|
| 50,179 2,685 |
|
| 52,864 | |
| 15,215 | |
| 17,900 | |
| 2022 £ 1,780 64 1,844 2022 £ 600 |
Page 8
Ward 3 Community Partnership Limited
The following pages do not form part of the statutory accounts.
Ward 3 Community Partnership Limited
Detailed income statement Year ended 31 March 2023
| Turnover Sales Other income Gross profit Gross profit percentage Overheads Administrative expenses Wages and salaries Activity expenses Water rates Insurance Light and heat Cleaning Repairs and maintenance Printing, postage and stationery Advertising Telephone Accountancy fees Bank charges General expenses Depreciation of tangible assets Other operating income Government grants released to the P/L account Operating (loss)/profit Operating (loss)/profit percentage (Loss)/profit before taxation |
2023 £ 27,614 2 27,616 27,616 % 100.0 ) (29,719 ) (1,110 ) (123 ) (1,949 ) (3,920 ) (284 ) (11,731 ) (30 ) (44 ) (628 ) (300 ) (158 ) (887 ) (2,685 ) (53,568 19,398 19,398 ) (6,554 % 23.7 ) (6,554 |
2022 £ 21,428 2 21,430 21,430 % 100.0 ) (25,491 ) (1,110 ) (431 ) (1,753 ) (3,414 ) (515 ) (1,529 ) (160 ) (57 ) (572 ) (300 ) (150 ) (296 ) (3,159 ) (38,937 33,376 33,376 15,869 % 74.1 15,869 |
|---|---|---|