ADAPTNI CIC

Company limited by guarantee

Company Registration Number:
NI686696 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 18 March 2022

End date: 31 March 2023

ADAPTNI CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ADAPTNI CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023


£
Turnover: 65,432
Cost of sales: ( 600 )
Gross profit(or loss): 64,832
Administrative expenses: ( 49,228 )
Operating profit(or loss): 15,604
Profit(or loss) before tax: 15,604
Tax: ( 2,653 )
Profit(or loss) for the financial year: 12,951

ADAPTNI CIC

Balance sheet

As at 31 March 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 1,133
Total fixed assets: 1,133
Current assets
Cash at bank and in hand: 16,122
Total current assets: 16,122
Creditors: amounts falling due within one year: 4 ( 1,651 )
Net current assets (liabilities): 14,471
Total assets less current liabilities: 15,604
Creditors: amounts falling due after more than one year: 5 ( 2,653 )
Total net assets (liabilities): 12,951
Members' funds
Profit and loss account: 12,951
Total members' funds: 12,951

The notes form part of these financial statements

ADAPTNI CIC

Balance sheet statements

For the year ending 31 March 2023 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.

This report was approved by the board of directors on 9 June 2023
and signed on behalf of the board by:

Name: Carol Alexandra Leslie
Status: Director

The notes form part of these financial statements

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciationTangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Computer equipment 33% straight line

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,699 1,699
Disposals
Revaluations
Transfers
At 31 March 2023 1,699 1,699
Depreciation
Charge for year 566 566
On disposals
Other adjustments
At 31 March 2023 566 566
Net book value
At 31 March 2023 1,133 1,133

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023
£
Accruals and deferred income 395
Other creditors 1,256
Total 1,651

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023
£
Other creditors 2,653
Total 2,653

ADAPTNI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
The organisation owes directors £1,256 for company expenses which they paid personally.
£
Balance at
Advances or credits made: 1,256
Advances or credits repaid:
Balance at 31 March 2023 1,256

COMMUNITY INTEREST ANNUAL REPORT

ADAPTNI CIC

Company Number: NI686696 (Northern Ireland)

Year Ending: 31 March 2023

Company activities and impact

Adapt NI CIC is a CIC not for profit organisation with a social purpose in Northern Ireland that specialises in employment support and skills development . With a mission to empower individuals to achieve their career aspirations , Adapt NI provides the deaf, hearing loss and tinnitus communities with tailored support, training and guidance to create opportunities for personal and professional growth. The organisation supports those individuals on every step of their career journey.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid to directors in respect of qualifying services was £38,278.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
9 June 2023

And signed on behalf of the board by:
Name: Carol Alexandra Leslie
Status: Director