OLD SPIKE ROASTERY CIC

Company Registration Number:
09631073 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

OLD SPIKE ROASTERY CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OLD SPIKE ROASTERY CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 224,789 106,369
Investments:   0
Total fixed assets: 224,789 106,369
Current assets
Stocks: 4 0 3,725
Debtors: 5 180,466 167,958
Cash at bank and in hand: 5,155 0
Investments:   0
Total current assets: 185,621 171,683
Prepayments and accrued income: 1,234 648
Creditors: amounts falling due within one year: 6 ( 254,394 ) ( 158,260 )
Net current assets (liabilities): (67,539) 14,071
Total assets less current liabilities: 157,250 120,440
Creditors: amounts falling due after more than one year: 7 ( 233,212 ) ( 42,831 )
Total net assets (liabilities): (75,962) 77,609
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (75,964 ) 77,607
Total Shareholders' funds: ( 75,962 ) 77,609

The notes form part of these financial statements

OLD SPIKE ROASTERY CIC

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Richard Robinson
Status: Director

The notes form part of these financial statements

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 11 11

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 14,042 110,855 0 6,860 58,049 189,806
Additions 4,110 150,178 1,555 155,843
Disposals
Revaluations
Transfers
At 31 December 2022 18,152 261,033 0 8,415 58,049 345,649
Depreciation
At 1 January 2022 3,896 58,620 4,739 16,182 83,437
Charge for year 1,573 24,106 1,277 10,467 37,423
On disposals
Other adjustments
At 31 December 2022 5,469 82,726 6,016 26,649 120,860
Net book value
At 31 December 2022 12,683 178,307 0 2,399 31,400 224,789
At 31 December 2021 10,146 52,235 0 2,121 41,867 106,369

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 0 3,725
Total 0 3,725

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 45,506 10,880
Other debtors 134,960 157,078
Total 180,466 167,958

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 44,963 39,973
Trade creditors 85,995 32,545
Taxation and social security 39,886 42,184
Accruals and deferred income 16,768 0
Other creditors 66,782 43,558
Total 254,394 158,260

OLD SPIKE ROASTERY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 233,212 42,831
Total 233,212 42,831

COMMUNITY INTEREST ANNUAL REPORT

OLD SPIKE ROASTERY CIC

Company Number: 09631073 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

Old Spike Roastery CIC have roasted and supplied around 40 tons of coffee in this financial year – split across wholesale and ecommerce operations. We have supported 93 individuals experiencing homelessness through training and into employment.

Consultation with stakeholders

Richard Robinson (director and shareholder)Cemal Ezel (director and shareholder)The directors of Old Spike Roastery CIC have had regular monthly board meetings to ensure progress in the right direction and on strategy.Consulted via face to face meetings or via webcam– 1 hours in length, 12 times per year.The consultations have had a direct impact on the strategic direction of the business. This has helped clarify direction and provided helpful support for future growth of the business as well as monitoring the social impact of the work we do.

Directors' remuneration

The aggregate amount of emoluments paid to or received by directors in respect of qualifying services was £27,417 (2021: £23,917).There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 September 2023

And signed on behalf of the board by:
Name: Richard Robinson
Status: Director