Company Westmill Community Association Type Small company/FRS102 Method Trial balance to be entered manually Version Last updated September 2017 Copyright VT Software Limited 2017 Cleared Notes/ Comments/ Outstanding points
For advice on using this workbook, click on the Template Instructions button at the right-hand end of the VT toolbar or choose the Topics command from the VT Final Accounts>Help menu.
This workbook is based on FRS 102 (as applied to small companies) and must be used for periods beginning on or after 1 January 2016. It can optionally be used for periods beginning on or after 1 January 2015.
The iXBRL tax computation in this workbook cannot be used for periods beginning before 1 April 2015 if the company is eligible for marginal rate relief.
Check List VT Final Accounts 1 10/31/2023
| Template | history |
|---|---|
| Version | Change |
| Sep 2017 | Creditors note. Corporation tax is now included under_Taxation and social security costs_. |
| There is no requirement in the Small Company Accounts Regulations to show it separately. | |
| Sep 2017 | Profit and loss account. The words_ordinary activities_have been removed from the profit and |
| taxation rows. | |
| Sep 2017 | Chartered Accountants' assurance report. The spelling of the word_responsibilities_has been |
| corrected. | |
| May 2017 | The audit report has been updated in accordance with the FRC Bulletin:Compendium of |
| illustrative auditor’s reports on United Kingdom private sector financial statements for periods | |
| commencing on or after 17 June 2016. Earlier adoption is allowed. However, the old audit | |
| report is still included in the template with the sheet name_AuditOld._To use the old report, | |
| click the_Sheets_button in the_Print_or_Generate iXBRL File_dialogs. | |
| May 2017 | Fixed asset investment note. Revaluation line added |
| May 2017 | Current asset investment note added |
| May 2017 | Chartered Accountants' reports. Web reference and reference to 07/16 AAF updated |
| Mar 2017 | Notes to the accounts. The audit information note has been reformatted and tagged. |
| Companies House now accept the on-line filing of small company audited filleted accounts. | |
| These do not contain an audit report but instead have an audit information note. | |
| Mar 2017 | Accounting policies - Basis of preparation. The words_as applied to small entities by section_ |
| _1A of the standard_added. | |
| Mar 2017 | Accounting policies - Investments. Wording expanded |
| Mar 2017 | Notes to the accounts. Other financial commitments note. The formula in the comparative |
| column has been corrected | |
| Feb 2017 | Tax computation. Expensive cars pool removed |
| Feb 2017 | Statement of changes in equity._Profit for the financial year_text correctly automated |
| Nov 2016 | First release |
History VT Final Accounts 2 10/31/2023
| Westmill Community Association Trial balance AutoHide is on Enter debits as + and credits as - [assets and expenses are debits] PROFIT AND LOSS ACCOUNT |
Current year Comparative £ £ |
|---|---|
| Turnover Sales Cost of sales Purchases Decrease/increase in stocks Subcontractor costs Direct labour Carriage Discounts allowed Commissions payable Other direct costs Distribution costs Distribution costs Employee costs Wages and salaries Directors' salaries Pensions Bonuses Employer's NI Temporary staff and recruitment Staff training and welfare Travel and subsistence Motor expenses Entertaining Premises costs Rent Rates Service charges Light and heat Cleaning Use of home General admin Telephone and fax Postage Stationery and printing Courier services Information and publications Subscriptions Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Amortisation of goodwill Bad debts Sundry expenses Legal and professional costs Audit fees Accountancy fees Solicitors fees Consultancy fees Management fees Advertising and PR Other legal and professional Other operating income Other operating income P/l on disposal Land and buildings Plant & machinery Investments |
(80,000) (80,000) 80,000 80,000 |
TB VT Final Accounts 3 10/31/2023
| Westmill Community Association Trial balance AutoHide is on Enter debits as + and credits as - [assets and expenses are debits] |
Current year £ |
Comparative £ |
|
|---|---|---|---|
| Gain/loss on revaluation Fixed asset investments Current asset investments - listed Current asset investments - unlisted Income from investments Income from investments Interest receivable Interest receivable Interest payable Interest payable Non-equity dividends Taxation Corporation tax Corporation tax - prior year adjustmen Deferred tax |
ts | ||
| Retained (profit)/loss BALANCE SHEET |
0 | 0 | |
| Intangible FA Cost - b/fwd Cost - additions Cost - disposals Amortisation - b/fwd Amortisation - provided in year Amortisation - disposals Land & buildings Cost - b/fwd Cost - additions Cost - revaluation Cost - disposals Depn - b/fwd Depn - charge for the year Depn - revaluation Depn - disposals Plant & machinery Cost - b/fwd Cost - additions Cost - disposals Depn - b/fwd Depn - provided in year Depn - disposals Motor vehicles Cost - b/fwd Cost - additions Cost - disposals Depn - b/fwd Depn - provided in year Depn - disposals Investments in subsidiaries B/fwd Additions Revaluation Disposals Other investments - listed B/fwd Additions Revaluation Disposals Other investments - unlisted B/fwd Additions Revaluation |
2,555 (720) |
2,555 (720) |
TB VT Final Accounts 4 10/31/2023
| Westmill Community Association Trial balance AutoHide is on Enter debits as + and credits as - [assets and expenses are debits] |
Current year £ |
Comparative £ |
|
|---|---|---|---|
| Disposals Stocks Stocks Debtors Trade debtors Due from group undertakings Other debtors Current asset investments Listed Unlisted Cash at bank Cash at bank Creditors less than 1yr Overdrafts Bank loans Finance lease and HP contracts Trade creditors Due to group undertakings Corporation tax Other taxes and social security Proposed dividends Accrued preference dividends Non-equity preference shares Other creditors Creditors greater than 1yr Bank loans Finance lease and HP contracts Trade creditors Due to group undertakings Non-equity preference shares Other creditors Deferred tax B/fwd Charged to the p/l account Share capital B/fwd Shares issued Shares redeemed Share premium B/fwd On shares issued Expenses of issue Revaluation reserve B/fwd Profit and loss account B/fwd Equity dividends Charged to other comprehensive income Gain on revaluation of land and buildings Deferred taxation arising on the revaluation of land and buildings |
200 3,872 31,890 (6,973) (30,824) |
200 3,872 31,890 (6,973) (30,824) |
|
| Totals_(all should be zero)_ | |||
| 0 | 0 |
TB VT Final Accounts 5 10/31/2023
Westmill Community Association Data not obtained from trial balance AutoHide is on Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative Units (eg £ or £000) £ include a trailing space Company registration number 08504884 Date Approval date of the accounts by the board 12/30/2021 Date Date of signing on the audit/accountants report Date of engagement letter (required for Date CA and ACCA reports) Person signing directors' report: Name of director V Pooley Or, name of secretary Name of director signing balance sheet V Pooley Address of registered office: Address line 1 Rear of John Barker Place Address line 2 Westmill City or town Hitchin County or region Herts Postcode SG5 2PG Name of senior statutory auditor Name of auditors/accountants Greydells Accounting Services Type of firm (eg Chartered Accountants) Accountants Address of auditors/accountants Address line 1 129b High Street Address line 2 City or town Stevenage County or region Herts Postcode SG1 3HS Prior year adjustments (+ for a gain; - for a loss) £ Correction of prior year errors Effect of retrospective changes in accounting policies More info on prior year adjustments Number Number Average number of persons employed by the company 2 2 Freehold land & buildings if revalued amounts shown in trial balance: £ £ historical cost
Data VT Final Accounts 6 10/31/2023
| Westmill Community Association Data not obtained from trial balance AutoHide is on Enter data in the white spaces Enter numbers as + unless indicated |
Current year | Current year | Comparative |
|---|---|---|---|
| cumulative depreciation based on cost | |||
| Historical cost of fixed asset investments | £ | £ | |
| Investments in subsidiaries Other investments |
|||
| £ | £ | ||
| Amounts due after more than one year included in debtors | |||
| Amounts included in creditors falling due for payment after more than five years: |
£ | £ | |
| Payable otherwise than by installment Payable by installment |
|||
| £ | £ | ||
| Secured bank loans included in creditors | |||
| Capital commitments: | £ | £ | |
| contracted | |||
| Total future payments due under non-cancellable | £ | £ | |
| operating leases |
Data VT Final Accounts 7 10/31/2023
Registered number 08504884
Westmill Community Association
Report and Accounts
31 March 2021
Westmill Community Association Registered number: 08504884 Directors' Report
The directors present their report and accounts for the year ended 31 March 2021.
Principal activities
The company's principal activity during the year continued to provide a community service to the residents of Westmill Estate.
Directors
The following persons served as directors during the year:
Joan Kirby Vicky Pooley Romina Whitelock Clare Billing
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 30 December 2021 and signed on its behalf.
V Pooley Director
9
Westmill Community Association Profit and Loss Account for the year ended 31 March 2021
| Turnover Cost of sales Err:511 Err:511 Err:511 Err:511 Err:511 |
2021 £ 80,000 (80,000) - - - - - |
2020 £ 80,000 (80,000) |
|---|---|---|
| - | ||
| - | ||
| - - |
||
| - |
10
Westmill Community Association Registered number: Balance Sheet as at 31 March 2021
08504884
| Notes Fixed assets Tangible assets 3 Current assets Stocks Debtors 4 Cash at bank and in hand 5 Err:511 Err:511 Capital and reserves Profit and loss account Shareholder's funds Creditors: amounts falling due within one year |
2021 £ 1,835 200 3,872 31,890 35,962 (6,973) 28,989 30,824 30,824 30,824 |
2020 £ 1,835 200 3,872 31,890 35,962 (6,973) 28,989 30,824 30,824 30,824 |
2020 £ 1,835 200 3,872 31,890 35,962 (6,973) 28,989 30,824 30,824 30,824 |
|---|---|---|---|
| 30,824 | |||
| 30,824 | |||
| 30,824 |
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 member has 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.
V Pooley Director Approved by the board on 30 December 2021
11
Westmill Community Association Notes to the Accounts for the year ended 31 March 2021
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).
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Other creditors |
2021 Number 2 2021 £ 3,872 2021 £ 6,973 |
2020 Number 2 |
|---|---|---|
| £ 2,555 Plant and machinery etc |
||
| 2,555 | ||
| 720 | ||
| 720 | ||
| 1,835 | ||
| 1,835 | ||
| 2020 £ 3,872 |
||
| 2020 £ 6,973 |
12
Westmill Community Association Notes to the Accounts
for the year ended 31 March 2021
6 Other information
Westmill Community Association is a private company limited by shares and incorporated in England. Its registered office is:
Rear of John Barker Place
Westmill Hitchin Herts SG5 2PG
13
Westmill Community Association Detailed profit and loss account for the year ended 31 March 2021
This schedule does not form part of the statutory accounts
| Sales Cost of sales Err:511 Err:511 |
2021 £ 80,000 (80,000) - - |
2020 £ 80,000 (80,000) |
|---|---|---|
| - | ||
| - |
14
Westmill Community Association Detailed profit and loss account for the year ended 31 March 2021
This schedule does not form part of the statutory accounts
| Sales Sales Cost of sales Other direct costs Administrative expenses |
2021 £ 80,000 80,000 - |
2020 £ 80,000 |
|---|---|---|
| 80,000 | ||
| - |
15
Westmill Community Association Data for corporation tax computation
Please check the tax computation carefully. VT Software Limited accepts no responsibility or liability for the correctness of the numbers, assumptions, tax rates and calculations in this template. You use this template and associated software entirely at your own risk. If in doubt, please consult a professional tax advisor.
Please note that the capital allowances sheet (CapAllow) provides a template for your own workings but does not automatically calculate allowances.
You must click the Re-evaluate AutoHide button if any numbers in the tax computation are changed. Rows with data on may remain hidden if you do not.
| Tax reference (10 digits no spaces) | ||
|---|---|---|
| First day of return/accounting period Last day of return/accounting period First day of period covered by statutory accounts Last day of period covered by statutory accounts Err:511 |
4/1/2020 3/31/2021 4/1/2020 3/31/2021 |
|
| Units | £ | |
| £ | ||
| Profit /(loss) before tax per the accounts | - | |
| Disallowable expenses | £ | |
| Entertainment Legal & professional fees Parking fines Depreciation and profit/(loss) on sale of assets Other |
- - |
|
| Enter any further items directly into the adjustment of profits section on the TaxComp sheet Donations £ |
||
| Qualifying donations to UK charities Other donations |
||
| Non-trading income | £ | |
| Interest receivable Property income Gain/(loss) on revaluation of investments Franked investment income Other income not taxable |
- - - |
|
| Other adjustments | £ | |
| Finance lease adjustments |
| Leased cars Other operating lease adjustments |
||
|---|---|---|
| £ | ||
| Dividends payable on non-equity shares included in interest payable | - | |
| £ | ||
| Losses utilised |
| Westmill Community Association Corporation tax computation Tax reference Period beginning Period ending Accounts period beginning Accounts period ending Adjustment of trading profits Err:511 Err:511 Taxable profits Err:511 Err:511 Days in accounting period falling in each tax year Tax year Err:511 Corporation tax payable Tax year Err:511 Corporation tax payable |
- Err:511 Err:511 Tax rate Err:511 Err:511 - Days falling in tax year Taxable profit |
- | 0 1/04/20 31/03/21 1/04/20 31/03/21 £ - |
|---|---|---|---|
| - | |||
| £ - |
|||
| Err:511 Days falling in tax year |
|||
| - | |||
| Days in year Err:511 Corp Tax Err:511 |
|||
| Err:511 | |||
| Err:511 |
19
| Westmill Community Association Capital allowances Tax reference Period beginning Period ending Summary Total capital allowances |
0 1/04/20 31/03/21 £ |
|---|---|
| - |
20
| Westmill Community Association Chargeable gains Tax reference Period beginning Period ending Gross chargeable gains Allowable losses Net chargeable gains |
0 1/04/20 31/03/21 £ - - |
|---|---|
| - |
A computation of each gain or loss can be included below. The amounts should be tagged using the Set Tag (Comprehensive) button. In the Set Tag (Comprehensive) dialog, select 'Chargeable gains' in the drop down list at the top to see the available tags.
21
Formula driven text is placed here and then referred to by cells in the main body of the accounts
To indicate that the company has only one director, or that the sole director is female, click on the Workbook Properties button (second button on the VT toolbar)
Directors report and balance sheet
The directors present their report and accounts for the year ended 31 March 2021.
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
for the year ended 31 March 2021 for the period ended 31 March 2021 for the period from 1 April 2020 to 31 March 2021
for the year ended 31 March 2021 for the year ended 31 March 2021 year
s
s' present their are
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.
The following persons served as directors during the year:
for the information of the directors only
Statement of directors responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year.
Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Library VT Final Accounts 22 10/31/2023
Directors report and balance sheet
Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Accountants and auditors reports
We have audited the accounts of Westmill Community Association for the year ended 31 March 2021 which comprise
the Profit and Loss Account, the Balance Sheet
and the related notes
and notes to the accounts, including a summary of significant accounting policies . The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
give a true and fair view of the state of the company's affairs as at
31 March 2021 and of its profit for the year then ended;
As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.
In our opinion, based on the work undertaken in the course of the audit, the information given in the Directors' Report for the financial year for which the accounts are prepared is consistent with the accounts and has been prepared in accordance with applicable legal requirements.
In accordance with your instructions, we have prepared the accounts which comprise
from the accounting records of the company and on the basis of information and explanations you have given to us.
You consider that the company is exempt from an audit for the year ended 31 March 2021.
Library VT Final Accounts 23 10/31/2023
Directors report and balance sheet
You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
financial year financial year.
In accordance with the engagement letter dated 30 December 1899
, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the accounts of the company which comprise
from the accounting records and information and explanations you have given to us.
You have acknowledged on the balance sheet as at 31 March 2021
your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
You consider that the company is exempt from the statutory requirement for an audit for the
year.
We have reviewed the accounts of Westmill Community Association for the year ended 31 March 2021, which comprise
This report is made solely to the Company’s directors, as a body, in accordance with the terms of our engagement letter dated 30 December 1899.
Our review has been undertaken so that we might state to the company's directors those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s directors as a body for our work, for this report or the conclusions we have formed.
so as to give a true and fair view of the state of the Company’s affairs as at 31 March 2021, and of its profit for the year then ended;
ACCA report
This report is made solely to the Board of Directors of Westmill Community Association, as a body, in accordance with the terms of our engagement letter dated 30 December 1899.
Our work has been undertaken solely to prepare for your approval the accounts of Westmill Community Association and state those matters that we have agreed to state to the Board of Directors of Westmill Community Association, as a body, in this report
in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
in accordance with ICAEW Technical Release 07/16 AAF.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westmill Community Association and its Board of Directors as a body for our work or for this report.
Library VT Final Accounts 24 10/31/2023
Directors report and balance sheet
It is your duty to ensure that Westmill Community Association has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Westmill Community Association.
You consider that Westmill Community Association is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Westmill Community Association.
For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the
Library VT Final Accounts 25 10/31/2023
Westmill Community Association Workings at 31 March 2021
| Intangible fixed assets previous years Goodwill: Cost B/fwd Additions Disposals C/fwd Amortisation B/fwd Provided during the year On disposals C/fwd Net book value Net book value b/fwd per current year trial balance |
£ - - - |
|---|---|
| - | |
| - - - |
|
| - | |
| - | |
| - |
The workings below form the basis for the Fixed asset note. Whenever AutoHide is turned on or off the appropriate columns below are re-copied to the Notes sheet. Tangible fixed assets
| Cost B/fwd Additions Surplus on revaluation Disposals C/fwd Depreciation B/fwd Charge for the year Surplus on revaluation On disposals C/fwd Net book value C/fwd B/fwd |
£ - - - - - - - - - - - - Land and buildings |
£ 2,555 - - - 2,555 720 - - - 720 1,835 1,835 Plant and machinery etc |
£ - - - - - - - - - - - - Motor vehicles |
Total £ 2,555 - - - |
|---|---|---|---|---|
| 2,555 | ||||
| 720 - - - |
||||
| 720 | ||||
| 1,835 | ||||
| 1,835 |
Tangible fixed assets previous year
| Plant and | |||
|---|---|---|---|
| Land and | machinery | Motor | |
| buildings | etc | vehicles | Total |
26
| Cost B/fwd Additions Surplus on revaluation Disposals C/fwd Depreciation B/fwd Charge for the year Surplus on revaluation On disposals C/fwd Net book value |
£ - - - - - - - - - - - |
£ 2,555 - - - 2,555 720 - - - 720 1,835 |
£ - - - - - - - - - - - |
£ 2,555 - - - |
|---|---|---|---|---|
| 2,555 | ||||
| 720 - - - |
||||
| 720 | ||||
| 1,835 |
The workings below form the basis for the Investments note. Whenever AutoHide is turned on or off the appropriate columns below are re-copied to the Notes sheet.
Investments
| Investments in subsidiary undertakings £ Cost B/fwd - Additions - Revaluation - Disposals - C/fwd - Historic cost B/fwd - C/fwd - |
Other investments £ - - - - - - - |
Total £ - - - - |
|---|---|---|
| - | ||
Investments previous year
| Investments in subsidiary undertakings £ Cost B/fwd - Additions - Revaluation - Disposals - C/fwd - Deferred tax B/fwd |
Other investments £ - - - - - Current year £ - |
Total £ - - - - |
|---|---|---|
| - | ||
| Comp year £ - |
27
Charged to profit and loss Charged to other comprehensive income
| - - - |
- - |
|---|---|
| - |
28