SHILBOTTLE CHRYSALIS CIC

Company limited by guarantee

Company Registration Number:
13408160 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

SHILBOTTLE CHRYSALIS CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

SHILBOTTLE CHRYSALIS CIC

Directors' report period ended 31 May 2023

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

Directors

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

Marc Johnson
Caroline Johnson


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
30 December 2023

And signed on behalf of the board by:
Name: Marc Johnson
Status: Director

SHILBOTTLE CHRYSALIS CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 0 3,839
Cost of sales: 0 ( 3,639 )
Gross profit(or loss): 0 200
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 200
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 200
Tax: 0 ( 38 )
Profit(or loss) for the financial year: 0 162

SHILBOTTLE CHRYSALIS CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 640 1,200
Investments:   0 0
Total fixed assets: 640 1,200
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 200 200
Investments:   0 0
Total current assets: 200 200
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 200 200
Total assets less current liabilities: 840 1,400
Creditors: amounts falling due after more than one year: 4 0 ( 38 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 840 1,362
Members' funds
Profit and loss account: 840 1,362
Total members' funds: 840 1,362

The notes form part of these financial statements

SHILBOTTLE CHRYSALIS CIC

Balance sheet statements

For the year ending 31 May 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 30 December 2023
and signed on behalf of the board by:

Name: Marc Johnson
Status: Director

The notes form part of these financial statements

SHILBOTTLE CHRYSALIS CIC

Notes to the Financial Statements

for the Period Ended 31 May 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 measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as followsLand and buildings 3 percent straight line Plant and machinery 20 percent straight line

SHILBOTTLE CHRYSALIS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SHILBOTTLE CHRYSALIS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,200 1,200
Additions
Disposals ( 400 ) ( 400 )
Revaluations
Transfers
At 31 May 2023 800 800
Depreciation
At 1 June 2022 0 0
Charge for year 160 160
On disposals
Other adjustments
At 31 May 2023 160 160
Net book value
At 31 May 2023 640 640
At 31 May 2022 1,200 1,200

SHILBOTTLE CHRYSALIS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

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

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 38
Total 0 38

COMMUNITY INTEREST ANNUAL REPORT

SHILBOTTLE CHRYSALIS CIC

Company Number: 13408160 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company runs a community food project, providing food to members of the public for free. The project provides a regular stall at Shilbottle church car-park. The food provided at this stall is donated by supermarkets and others. These activities benefit the community by helping to tackle poverty, and in particular, food poverty; reducing food wastage and providing a social activity for the community.

Consultation with stakeholders

The company’s stakeholders are members of the public in Shilbottle, particularly those that are in food poverty. The company carries out ongoing consultation with the public at the community stall and through social media.

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
30 December 2023

And signed on behalf of the board by:
Name: Marc Johnson
Status: Director