APRICOT CENTRE CIC
APRICOT CENTRE CIC
APRICOT CENTRE CIC
Company Registration Number:
07298409 (England and Wales)
Unaudited statutory accounts for the year ended 30 June 2021
Period of accounts
Start date: 1 July 2020
End date: 30 June 2021
APRICOT CENTRE CIC
Contents of the Financial Statements
for the Period Ended 30 June 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
APRICOT CENTRE CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2021
Directors
The directors shown below have held office during the whole of the period from
1 July 2020 to 30 June 2021
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
APRICOT CENTRE CIC
Profit And Loss Account
for the Period Ended
2021 | 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | |
Profit(or loss) before tax: | ( | |
Tax: | | ( |
Profit(or loss) for the financial year: | ( | |
APRICOT CENTRE CIC
Balance sheet
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
APRICOT CENTRE CIC
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenueearned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similarallowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This isusually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract ismeasured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extentof recoverable expenses when the outcome of a contract cannot be estimated reliably. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at ratescalculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Freehold SLLeasehold SLPlant & Machinery SLMotor Vehicles SLFixtures & Fittings SLComputer Equipment SL Other accounting policies
Basis of Preparation of Financial StatementsThe financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - TheFinancial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensiveincome because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. Thecompany's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and thecorresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will beavailable against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of eachreporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset tobe recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the assetrealised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilitiesare presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect thetax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle thecarrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensiveincome or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equityrespectively.
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
-
2. Employees
2021 2020 Average number of employees during the period 16 16
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2020 | | | | | | |
Additions | | | | | | |
Disposals | | | ||||
Revaluations | | | ||||
Transfers | | | ||||
At 30 June 2021 | | | | | | |
Depreciation | ||||||
At 1 July 2020 | | | | | | |
Charge for year | | | | | | |
On disposals | | | ||||
Other adjustments | | | ||||
At 30 June 2021 | | | | | | |
Net book value | ||||||
At 30 June 2021 | | | | | | |
At 30 June 2020 | | | | | | |
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
4. Debtors
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
5. Creditors: amounts falling due within one year note
2021 | 2020 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
APRICOT CENTRE CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
6. Creditors: amounts falling due after more than one year note
2021 | ||
---|---|---|
£ | ||
Bank loans and overdrafts | | |
Total | |
COMMUNITY INTEREST ANNUAL REPORT
APRICOT CENTRE CIC
Company Number: 07298409 (England and Wales)
Year Ending: 30 June 2021
We grow food and sell it locally, and we did this during covid, with extra home deliveries and donating our surplus to “Food in the community”. We offer therapy to “looked after” children and adopted children. We delivered this outdoors and via zoom throughout covid, WE offer activities on the farm to those children at the edge of care, and received grant funding to do this. We offered cookery classes for children in receipt of free school meals in Paignton and Torquay. WE developed training for a level three traineeship for 2022, in regenerative land based systems. We ran weekend courses on regenerative land based systems over 10 weekends of the year.
The stakeholders in the company are the Biodynamic land trust and the permaculture association and the local community, We hold an annual meeting with our community with discussion points to guide our activities for the following year. This is minuited and then used to guide and create our future planning.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 February 2022
And signed on behalf of the board by:
Name: M J Brown O'Connell
Status: Director