BS DAY ONE SUPPORT SERVICES CIC

Company limited by guarantee

Company Registration Number:
12012700 (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

BS DAY ONE SUPPORT SERVICES CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BS DAY ONE SUPPORT SERVICES CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Creditors: amounts falling due within one year: 3 ( 3,076 ) ( 2,476 )
Net current assets (liabilities): (3,076) (2,476)
Total assets less current liabilities: (3,076) ( 2,476)
Total net assets (liabilities): (3,076) (2,476)
Members' funds
Profit and loss account: (3,076) ( 2,476)
Total members' funds: ( 3,076) (2,476)

The notes form part of these financial statements

BS DAY ONE SUPPORT SERVICES 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.

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 8 February 2024
and signed on behalf of the board by:

Name: R D Smith
Status: Director

The notes form part of these financial statements

BS DAY ONE SUPPORT SERVICES 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

    Other accounting policies

    1.2 Going concernThe financial statements have been prepared on the going concern basis on the assumption that thecontinuing financial support of a related undertaking will not be withdrawn in the foreseeable future.1.3 Income and expenditureIncome and expenses are included in the financial statements as they become receivable or due.Expenses include VAT where applicable as the company cannot reclaim it.1.4 Cash and cash equivalentsCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call withbanks, other short-term liquid investments with original maturities of three months or less, and bankoverdrafts. Bank overdrafts are shown within borrowings in current liabilities.1.5 Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party tothe contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a netbasis or to realise the asset and settle the liability simultaneously.Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured attransaction price including transaction costs and are subsequently carried at amortised cost using the effectiveinterest method unless the arrangement constitutes a financing transaction, where the transaction ismeasured at the present value of the future receipts discounted at a market rate of interest. Financial assetsclassified as receivable within one year are not amortised.Classification of financial liabilitiesFinancial liabilities and equity instruments are classified according to the substance of the contractualarrangements entered into. An equity instrument is any contract that evidences a residual interest in theassets of the company after deducting all of its liabilities.Basic financial liabilitiesBasic financial liabilities, including creditors, bank loans, loans from fellow group companies and preferenceshares that are classified as debt, are initially recognised at transaction price unless the arrangementconstitutes a financing transaction, where the debt instrument is measured at the present value of the futurepayments discounted at a market rate of interest. Financial liabilities classified as payable within one year arenot amortised.Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ofbusiness from suppliers. Amounts payable are classified as current liabilities if payment is due within one yearor less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially attransaction price and subsequently measured at amortised cost using the effective interest method.1.6 TaxationThe company is exempt from corporation tax, it being a company not carrying on a business for the purposesof making a profit.1.7 Employee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costsare required to be recognised as part of the cost of stock or fixed assets.The cost of any unused holiday entitlement is recognised in the period in which the employee’s services arereceived.Termination benefits are recognised immediately as an expense when the company is demonstrablycommitted to terminate the employment of an employee or to provide termination benefits.

BS DAY ONE SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

BS DAY ONE SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 590 552
Other creditors 2,486 1,924
Total 3,076 2,476

COMMUNITY INTEREST ANNUAL REPORT

BS DAY ONE SUPPORT SERVICES CIC

Company Number: 12012700 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company was dormant during the year.

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
8 February 2024

And signed on behalf of the board by:
Name: R D Smith
Status: Director