Registered number 12689791
Charity registration number 1198346
KOLLEL YETEV LEV LTD (Limited by guarantee) Report and Accounts
30 June 2023
Whiteside and Davies
Chartered Certified Accountants
158 Cromwell Road Salford M6 6DE
KOLLEL YETEV LEV LTD Registered number: 12689791 Directors' Report
The directors present their report and accounts for the year ended 30 June 2023.
Principal activities
The company's principal activity during the year continued to be a charity providing grants and food to the needy.
Directors
The following persons served as directors during the year:
Moishe CIK Joel GRUNHUT Benjamin OLLECH
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 29 May 2024 and signed on its behalf.
Moishe CIK Director
1
KOLLEL YETEV LEV LTD Independent Examiner's Report to the Trustees for the year ended 30 June 2023
I report on the financial statements of KOLLEL YETEV LEV LTD for the period ended 30 June 2022.
Respective Responsibilities of Governors and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention;
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
29 May 2024
David Pollak Whiteside and Davies 158 Cromwell Road Salford M6 6DE
2
KOLLEL YETEV LEV LTD
Report to the directors on the preparation of the unaudited statutory accounts of KOLLEL YETEV LEV LTD for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KOLLEL YETEV LEV LTD for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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.
Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
29 May 2024
3
KOLLEL YETEV LEV LTD Income and expenditure account for the year ended 30 June 2023
| Turnover Cost of sales Gross profit Distribution costs Administrative expenses Operating profit Interest receivable Profit before taxation Tax on profit Profit for the financial year |
2023 £ 187,335 (1,567) 185,768 (131,424) (27,517) 26,827 28 26,855 - 26,855 |
2022 £ 145,012 (4,108) |
|---|---|---|
| 140,904 (98,080) (15,703) |
||
| 27,121 1 |
||
| 27,122 - |
||
| 27,122 |
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| KOLLEL YETEV LEV LTD Registered number: Balance Sheet as at 30 June 2023 Notes Current assets Debtors 3 Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Income and expenditure account Shareholders' funds |
12689791 2023 £ 9,500 62,550 72,050 (18,207) 53,843 53,843 53,843 53,843 |
2022 £ 4,500 39,488 43,988 (17,000) 26,988 26,988 26,988 26,988 |
2022 £ 4,500 39,488 43,988 (17,000) 26,988 26,988 26,988 26,988 |
|---|---|---|---|
| 26,988 | |||
| 26,988 | |||
| 26,988 |
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.
Moishe CIK Director Approved by the board on 29 May 2024
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KOLLEL YETEV LEV LTD Statement of Changes in Equity for the year ended 30 June 2023
| At 1 July 2021 Profit for the financial year At 30 June 2022 At 1 July 2022 Profit for the financial year At 30 June 2023 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Profit and loss account £ (134) 27,122 26,988 26,988 26,855 53,843 |
Total £ (134) 27,122 |
|---|---|---|---|---|---|
| 26,988 | |||||
| 26,988 26,855 |
|||||
| 53,843 |
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KOLLEL YETEV LEV LTD Notes to the Accounts for the year ended 30 June 2023
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company is a charity and all its activities are charitable for tax purposes as defined in chapter 2.1 in Government guidance and the finance act 2010 Sch. 6.1. The company is therefore not subject to corporation tax on its income.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
| 2 Employees Average number of persons employed by the company |
2023 Number 3 |
2022 Number 2 |
|---|---|---|
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KOLLEL YETEV LEV LTD Notes to the Accounts
for the year ended 30 June 2023
| 3 Debtors Other debtors 4 Creditors: amounts falling due within one year Other creditors |
2023 £ 9,500 2023 £ 18,207 |
2022 £ 4,500 |
|---|---|---|
| 2022 £ 17,000 |
5 Other information
KOLLEL YETEV LEV LTD is a private company limited by shares and incorporated in England. Its registered office is: 158 Cromwell Road Salford M6 6DE
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KOLLEL YETEV LEV LTD Detailed profit and loss account for the year ended 30 June 2023
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Distribution costs Administrative expenses Operating profit Interest receivable Profit before tax |
2023 £ 187,335 (1,567) 185,768 (131,424) (27,517) 26,827 28 26,855 |
2022 £ 145,012 (4,108) |
|---|---|---|
| 140,904 (98,080) (15,703) |
||
| 27,121 1 |
||
| 27,122 |
9
KOLLEL YETEV LEV LTD Detailed income and expenditure account for the year ended 30 June 2023
This schedule does not form part of the statutory accounts
| Income Donations received Cost of Fundraising Fundraising costs Resources Expended Cost of Activities In Furtherance of the Charity's Objects Charitable Activities Charitable grant distributions Charitable food distributions Administrative expenses Employee costs: Wages and salaries General administrative expenses: Office supplies Subscriptions Bank charges and card processing fees Insurance Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional |
2023 £ 187,335 1,567 88,910 42,514 131,424 16,191 16,191 2,285 35 435 588 3,343 2,515 4,788 680 7,983 27,517 |
2022 £ 145,012 |
|---|---|---|
| 4,108 | ||
| 66,345 31,735 |
||
| 98,080 | ||
| 13,913 | ||
| 13,913 | ||
| 246 - 141 - |
||
| 387 | ||
| 1,403 - - |
||
| 1,403 | ||
| 15,703 |
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