LYDBURY NORTH VILLAGE HALL UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
Lydbury North Village Hall Contents of the Unaudited Accounts For The Year Ended 31 March 2022
Contents
| Contents | |
|---|---|
| Page | |
| Business Details | 1 |
| Approval | 2 |
| Accountant's Report | 3 |
| Profit and Loss Account | 4—5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 |
Lydbury North Village Hall Business Details For The Year Ended 31 March 2022
Business Accountants
Lydbury North Nr Bishop's Castle Shropshire SY7 8AQ TaxAssist Accountants 114b Corve Street Ludlow SY8 1DJ
Page 1
Lydbury North Village Hall Accounts Approval Statement For The Year Ended 31 March 2022
I approve these un-audited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the information and explanations necessary for the completion.
Mrs Liz Moran
Date
Page 2
Lydbury North Village Hall Accountant's Report For The Year Ended 31 March 2022
We have prepared for your approval the financial statements of Lydbury North Village Hall for the year ended 31 March 2022 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to Lydbury North Village Hall in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lydbury North Village Hall and state those matters that we have agreed to state to Lydbury North Village Hall in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lydbury North Village Hall for our work or for this report.
It is your duty to ensure that Lydbury North Village Hall has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lydbury North Village Hall. You consider that Lydbury North Village Hall 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 financial statements of Lydbury North Village Hall. 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 statutory financial statements.
TaxAssist Accountants 114b Corve Street Ludlow SY8 1DJ
Page 3
Lydbury North Village Hall Profit and Loss Account For The Year Ended 31 March 2022
| Turnover Hire fee - Hall Events Cost of Sales Performance costs Bar/refreshments GROSS PROFIT Other Operating Income Business interruption insurance income Other coronavirus grant income Other Income Bank interest received Bequest interest received Solar panel income Wayleave income Expenditure Water Light and heat Cleaning Hygiene Computer software costs Maintenance - premises and land Insurance Printing, postage and stationery Broadband Accountancy fees Subscriptions Bank charges Sundry expenses Gas |
2022 £ £ 6,961 1,589 8,550 854 1,049 1,903 6,647 2,500 8,000 10,500 17,147 3 5,376 758 13 23,297 230 708 2,324 401 71 3,092 1,558 201 571 378 678 50 108 2,229 12,599 10,698 |
2021 £ £ 869 - 869 - - - 869 - 19,431 19,431 20,300 13 5,868 855 18 27,054 209 487 921 372 58 3,441 1,322 33 546 360 569 - 412 708 9,438 17,616 ...CONTINUED |
|---|---|---|
| 2,500 8,000 |
- 19,431 |
|
| 230 708 2,324 401 71 3,092 1,558 201 571 378 678 50 108 2,229 |
209 487 921 372 58 3,441 1,322 33 546 360 569 - 412 708 |
|
Page 4
Lydbury North Village Hall Profit and Loss Account (continued) For The Year Ended 31 March 2022
Depreciation
Depreciation of plant and machinery
NET PROFIT
| 327 | 327 10,371 |
370 | 370 |
|---|---|---|---|
| 17,246 |
Page 5
Lydbury North Village Hall Balance Sheet As at 31 March 2022
| Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Trade debtors Cash at bank and in hand CURRENT LIABILITIES Trade creditors Accruals and deferred income NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS CAPITAL ACCOUNT Balance at 1 April 2021 Profit/(Loss) for the period/year Balance Carried Forward |
2022 £ £ 48,441 504 56,588 57,092 102 378 480 56,612 105,053 105,053 94,682 10,371 105,053 |
2022 £ £ 48,441 504 56,588 57,092 102 378 480 56,612 105,053 105,053 94,682 10,371 105,053 |
2021 £ £ 46,982 - 48,387 48,387 327 360 687 47,700 94,682 94,682 77,436 17,246 94,682 |
2021 £ £ 46,982 - 48,387 48,387 327 360 687 47,700 94,682 94,682 77,436 17,246 94,682 |
|---|---|---|---|---|
| 57,092 102 378 |
48,387 327 360 |
|||
| 480 | 687 |
|||
| 105,053 | 94,682 | |||
| 105,053 | 94,682 | |||
| 94,682 10,371 |
77,436 17,246 |
|||
| 105,053 | 94,682 |
Page 6
Lydbury North Village Hall Notes to the Accounts For The Year Ended 31 March 2022
1. Accounting Policy
These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sufficient and relevant information to enable completion of a tax return.
2. Tangible Assets
| . Tangible Assets | |||
|---|---|---|---|
| Cost As at 1 April 2021 Additions As at 31 March 2022 Depreciation As at 1 April 2021 Provided during the period As at 31 March 2022 Net Book Value As at 31 March 2022 As at 1 April 2021 |
Land & Property Freehold £ 45,872 1,589 |
Plant & Machinery £ 9,319 197 |
Total £ 55,191 1,786 |
| 47,461 | 9,516 |
56,977 |
|
| - - |
8,209 327 |
8,209 327 |
|
| - | 8,536 |
8,536 |
|
| 47,461 | 980 |
48,441 |
|
| 45,872 | 1,110 |
46,982 |
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Page 7