CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Company limited by guarantee

Company Registration Number:
11484098 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

The company's principal activity during the year was to harness the professional skills and talents of the Caribbean Diaspora to provide support, contacts and networks as a resource for the Caribbean region.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Debra Ransome
Bertram Leon


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
16 April 2024

And signed on behalf of the board by:
Name: Bertram Leon
Status: Director

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 1,500
Gross profit(or loss): 1,500
Administrative expenses: ( 956 ) ( 1,370 )
Operating profit(or loss): (956) 130
Profit(or loss) before tax: (956) 130
Profit(or loss) for the financial year: (956) 130

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 426
Total fixed assets: 0 426
Current assets
Cash at bank and in hand: 2,418 2,610
Total current assets: 2,418 2,610
Creditors: amounts falling due within one year: 4 ( 3,138 ) ( 2,800 )
Net current assets (liabilities): (720) (190)
Total assets less current liabilities: (720) 236
Provision for liabilities: ( 19 ) ( 19 )
Total net assets (liabilities): (739) 217
Members' funds
Profit and loss account: (739) 217
Total members' funds: ( 739) 217

The notes form part of these financial statements

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Balance sheet statements

For the year ending 31 July 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 16 April 2024
and signed on behalf of the board by:

Name: Bertram Leon
Status: Director

The notes form part of these financial statements

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Turnover is income from grants obtained and providing promotional opportunities in connection with estalishing the platform for those requiring support within the relevant community.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Website Costs - Over 3 Years

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.Taxations - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.Provisions - Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 4,249 4,249
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 4,249 4,249
Depreciation
At 1 August 2022 3,823 3,823
Charge for year 426 426
On disposals
Other adjustments
At 31 July 2023 4,249 4,249
Net book value
At 31 July 2023 0 0
At 31 July 2022 426 426

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 2,500 2,500
Other creditors 638 300
Total 3,138 2,800

COMMUNITY INTEREST ANNUAL REPORT

CARIBBEAN DIASPORA SKILLS DIRECTORY CIC

Company Number: 11484098 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company has created a database of Caribbean professionals. This was done in consultation with the foreign and commonwealth office and Caribbean high commissioners in the UK.

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
16 April 2024

And signed on behalf of the board by:
Name: Bertram Leon
Status: Director