DARTINGTON MILL CIC

Company Registration Number:
11822999 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

DARTINGTON MILL CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

DARTINGTON MILL CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Marina Joy Brown-O'Connell
Paul Christopher Mehew
Sophy Harrison-Allen
Daniel Mifsud
Jonathan Henry Perkin
Lynne Ann Perkin


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
27 November 2023

And signed on behalf of the board by:
Name: Paul Christopher Mehew
Status: Director

DARTINGTON MILL CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 2,506 9,464
Cost of sales: ( 3,626 ) ( 19,714 )
Gross profit(or loss): (1,120) (10,250)
Distribution costs: ( 1,472 ) ( 1,607 )
Administrative expenses: ( 3,172 ) ( 1,890 )
Operating profit(or loss): (5,764) (13,747)
Interest payable and similar charges: ( 77 ) ( 77 )
Profit(or loss) before tax: (5,841) (13,824)
Tax: 500 431
Profit(or loss) for the financial year: (5,341) (13,393)

DARTINGTON MILL CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 14,510 17,136
Total fixed assets: 14,510 17,136
Current assets
Debtors: 4 5,507 4,324
Cash at bank and in hand: 205 3,284
Total current assets: 5,712 7,608
Creditors: amounts falling due within one year: 5 ( 3,654 ) ( 18,528 )
Net current assets (liabilities): 2,058 (10,920)
Total assets less current liabilities: 16,568 6,216
Creditors: amounts falling due after more than one year: 6 ( 16,192 )
Provision for liabilities: ( 2,757 ) ( 3,256 )
Total net assets (liabilities): (2,381) 2,960
Capital and reserves
Called up share capital: 6 6
Profit and loss account: (2,387 ) 2,954
Total Shareholders' funds: ( 2,381 ) 2,960

The notes form part of these financial statements

DARTINGTON MILL CIC

Balance sheet statements

For the year ending 28 February 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 23 November 2023
and signed on behalf of the board by:

Name: Paul Christopher Mehew
Status: Director

The notes form part of these financial statements

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

    Turnover policy

    TurnoverTurnover 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

    SL

    Other accounting policies

    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

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 25,192 25,192
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 25,192 25,192
Depreciation
At 1 March 2022 8,056 8,056
Charge for year 2,626 2,626
On disposals
Other adjustments
At 28 February 2023 10,682 10,682
Net book value
At 28 February 2023 14,510 14,510
At 28 February 2022 17,136 17,136

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Trade debtors 5,507 4,324
Total 5,507 4,324

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 12,100
Trade creditors 3,484 3,393
Taxation and social security 170 156
Other creditors 2,879
Total 3,654 18,528

DARTINGTON MILL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

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

2023
£
Bank loans and overdrafts 16,192
Total 16,192

COMMUNITY INTEREST ANNUAL REPORT

DARTINGTON MILL CIC

Company Number: 11822999 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Supporting the farming community by offering a good price for wheat for milling.Milling Flour for sales to bakeries and home bakersSupporting local baking community the occasional donations of flour.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 March 2023

And signed on behalf of the board by:
Name: Paul Mehew
Status: Director