Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Triangle Living Water Limited
Triangle Living Water Limited
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Company Information | 1 |
| Trustee's Report | 2 |
| Report of the Directors | 3 |
| Income Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| Trading and Profit and Loss Account | 8 |
Triangle Living Water Limited
Company Information for the Year Ended 31 December 2021
DIRECTORS: Mrs D A Carey Ms L A R Hall Reverend D F Morrison Ms L Mortlock Ms K L Nelson REGISTERED OFFICE: 38 Dickens Road Ipswich Suffolk IP2 0JN REGISTERED NUMBER: 03341814 (England and Wales) ACCOUNTANTS: Suffolk Tax Accountants Group 9 Byford Court Crockatt Road Hadleigh Ipswich Suffolk IP7 6RD
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Triangle Living Water Limited
for the Year Ended 31 December 2021
Trustee's Report
Losing some of the year to Covid closures was difficult, but once the forced closures were finally over, things started getting back to a new normal. Things were a little slow with people still being quite anxious to shop, but as restrictions lessened then more of our regular customers and the community began to return.
We continue to receive positive feedback regarding the layout of the shop and how even though we have a lot of stock, it feels spacious. The strict cleaning schedule, hand sanitizing stations, and Perspex screens which has reassured staff, volunteers and customers alike, has remained even when restrictions were dropped in the latter part of the year.
Facebook and other social media sites have been great in reaching a wider pool of customers who are able to see what amazing stock we have donated to us, for which we are always very grateful. Many people come in for the items we have advertised but then stay for a cuppa and a chat, which is wonderful. Being able to provide a warm place for people to just sit and be, is great.
We are ever grateful to our amazing managers and volunteers, both those who have been able to work shifts and those who have not been able to physically work but who we know pray for us continually.
Debbie Carey Treasurer
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Triangle Living Water Limited
Report of the Directors for the Year Ended 31 December 2021
The directors present their report with the financial statements of the company for the year ended 31 December 2021.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.
Mrs D A Carey Reverend D F Morrison Ms K L Nelson
Other changes in directors holding office are as follows:
Ms L A R Hall - appointed 23 June 2021 Ms L Mortlock - appointed 23 June 2021
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
.............................................................................. Mrs D A Carey - Director
Date: .............................................
Page 3
Triangle Living Water Limited
Income Statement for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Notes | £ | £ | |
| TURNOVER | 26,414 | 20,313 | |
| Cost of sales | 8,161 | 913 | |
| GROSS PROFIT | 18,253 | 19,400 | |
| Administrative expenses | 27,028 | 32,861 | |
| Other operating income | (8,775) 16,815 |
(13,461) 16,488 |
|
| OPERATING PROFIT and | |||
| PROFIT BEFORE TAXATION | 8,040 | 3,027 | |
| Tax on profit | - | - | |
| PROFIT FOR THE FINANCIAL YEAR | 8,040 | 3,027 | |
The notes form part of these financial statements
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Triangle Living Water Limited (Registered number: 03341814)
Balance Sheet
31 December 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Called up share capital Retained earnings |
31.12.21 £ 569 13,175 13,744 438 |
£ 1,627 13,306 14,933 1 14,932 14,933 |
31.12.20 £ 549 6,362 6,911 18 |
£ - 6,893 6,893 1 6,892 6,893 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 profit or loss 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
.............................................................................. Mrs D A Carey - Director
The notes form part of these financial statements
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Triangle Living Water Limited
Notes to the Financial Statements for the Year Ended 31 December 2021
1.
STATUTORY INFORMATION
Triangle Living Water Limited is a private company, limited by shares, 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. Plant and machinery etc - 20% on cost
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 profit or loss on a straight line basis over the period of the lease.
Filing periods 2015 through 2019
The Examiners have identified incorrect filing formats for the financial statements for the periods 2015 to 2019 where the accounts have been filed under the FRS105 format which is not applicable to Charities. The figures contained there in those files Financial Statements are also incorrect, reference should be made to the Charity Commission filed accounts.
Trading activity
The financial statements include the activities of the Triangle Living Water Ltd Charity (No. 1133634).
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2020 - 2).
4. OPERATING PROFIT
The operating profit is stated after charging:
Depreciation - owned assets
31.12.21 31.12.20 £ £ 407 -
continued...
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Triangle Living Water Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Plant and | ||||
| machinery | ||||
| etc | ||||
| £ | ||||
| COST | ||||
| Additions | 2,034 | |||
| At 31 December 2021 | 2,034 | |||
| DEPRECIATION | ||||
| Charge for year | 407 | |||
| At 31 December 2021 | 407 | |||
| NET BOOK VALUE | ||||
| At 31 December 2021 | 1,627 | |||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other debtors | 31.12.21 £ 569 |
31.12.20 £ 549 |
||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Trade creditors | 31.12.21 £ (1) |
31.12.20 £ - |
||
| Other creditors | 439 | 18 | ||
| 438 | 18 | |||
8. TRUSTEE/EMPLOYEE REMUNERATION
No trustee or employee of the charity received remuneration or benefits in excess of £60,000.
9. RESTRICTED/DESIGNATED FUNDS
There are no funds in the financial statements which are restricted or designated at the balance sheet date.
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Triangle Living Water Limited
Trading and Profit and Loss Account for the Year Ended 31 December 2021
| Turnover Clothing Bric-a-brac Coffee shop Rags Laundry Kids clothing Donations Phone Books Toys Ebay etc INK/Music magpie Gift Aid Pop up shop grants Cost of sales Coffee shop supplies Shop supplies Pop up shop grants paid Pop up shop - other donations GROSS PROFIT Other income COVID Grants Expenditure Rent Insurance Repairs/refurb to shop area Wages Telephone Licences and insurance Repairs & maintenance Cleaning & waste disposal Sundry expenses Companies house fees Staff gifts Accountancy Depreciation Fixtures and fittings NET PROFIT |
31.12.21 £ 6,907 5,753 226 1,152 27 1,162 1,311 522 - 1,884 406 16 618 6,430 15 1,130 6,430 586 2,700 639 4,135 15,409 447 506 1,127 611 99 - 528 420 |
£ 26,414 8,161 18,253 16,815 35,068 26,621 8,447 407 8,040 |
31.12.20 £ 3,003 2,760 436 581 74 639 10,489 - 271 1,396 435 229 - - 52 861 - - 2,700 158 12,824 14,945 437 226 645 718 195 13 - - |
£ 20,313 913 19,400 16,488 35,888 32,861 3,027 - 3,027 |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
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