| Contents | Page | ||||
|---|---|---|---|---|---|
| Directors' report |
|||||
| Chartered certified accountants |
report to the | board ofdirectors | |||
| on the preparation of |
the unaudited | statutory | financial | ||
| statements | |||||
| Statement of income |
and retained | earnings | |||
| Statement of financial |
position | ||||
| Notes to the financial | statements | ||||
| The following pages |
do not form | part ofthe financial statements | |||
| Detailed income statement |
|||||
| Notes to the detailed | income statement |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 8 | ||||
| Turnover | 39,999 | 583 | |||
| Gross profit | 39,999 | 583 | |||
| Administrative expenses |
12,071 | 2,927 | |||
| Other operating income |
14,850 | 28,150 | |||
| Operating profit |
42,778 | 25,806 | |||
| Interest payable and |
similar expenses | 4,124 | 4,331 | ||
| Profit before taxation | 38,654 | 21,475 | |||
| Tax on profit | |||||
| Profit for the financial year and total comprehensive | Income | 38,654 | 21,475 | ||
| Retained earnings |
at the start ofthe year | 231,335 | 209,860 | ||
| Retained earnings | at the end ofthe year | 269,989 | 231,335 |
| Statement ofFinancial Position 31 July 2022 |
(continuedl | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | E | E | ||
| Fixed assets | ||||
| Tangible assets | 5 | 300,000 | 300,000 | |
| Current assets | ||||
| Cash at bank and in hand | 56,823 | 22,754 | ||
| Creditors. amounts | falling due within one year | 6 | 1,275 | 1,215 |
| Net current assets | 55,548 | 21,539 | ||
| Total assets less current liabilities | 355,548 | 321,539 | ||
| Creditors: amounts | falling due after more than one year | 7 | 85,559 | 90,204 |
| Net assets | 269,989 | 231,335 | ||
| Capital and reserves ProSt and loss account |
269,989 | 231,335 | ||
| Shareholders funds |
269,989 | 231,335 |
| The financial state | men | ts are prepared in sterling, which is the f |
ts are prepared in sterling, which is the f |
unctional currency of |
the entity | |
|---|---|---|---|---|---|---|
| 4. | Interest payable | and | similar expenses | |||
| 2022 | 2021 | |||||
| F | f | |||||
| Interest on banks | loans | and overdrafts | 4,124 | 4,331 | ||
| 5. | Tangible assets | |||||
| Freehold | ||||||
| property | ||||||
| Cost | ||||||
| At 1 August 2021 and | 31 July 2022 | 300,000 | ||||
| Depreciation | ||||||
| At 1 August 2021 and | 31 July 2022 | |||||
| Carrying amount |
||||||
| At 31 July 2022 | 300,000 | |||||
| At 31 July 2021 | 300,000 | |||||
| 6. | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| f | ||||||
| Other creditors | 1,275 | 1,215 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | E | |||
| Turnover | 39,999 | 583 | ||
| Gross profit | 39,999 | 583 | ||
| Overheads | ||||
| Administrative | expenses | |||
| Rates and water | 217 | |||
| Insurance | 750 | 738 | ||
| Printing postage |
and stationery | 2,482 | ||
| Sundry expenses | 65 | 13 | ||
| Charitable donations |
5,564 | 850 | ||
| Celebration & Festivities |
Expense | 1,910 | ||
| Bank charges | 13 | 9 | ||
| Legal and professional | fees | 727 | 600 | |
| Accountancy fees |
560 | 500 | ||
| 12,071 | 2,927 | |||
| Other operating | income | |||
| Rent Received | 14,850 | 18,150 | ||
| Government grants |
10,000 | |||
| 14,850 | 28,150 | |||
| Operating profit |
42,778 | 25,806 | ||
| Interest payable | and similar expenses | (4,124) | (4,331) | |
| Profit before taxation | 38,654 | 21,475 |
| 2022 | ||
|---|---|---|
| Interest | payable and similar expenses | |
| Interest | on bank loans and overdratts | 4,124 |