DULOE COMMUNITY SHOP CIC

Company Registration Number:
07604720 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

DULOE COMMUNITY SHOP CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

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

DULOE COMMUNITY SHOP CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 281,310 262,325
Cost of sales: ( 223,141 ) ( 209,479 )
Gross profit(or loss): 58,169 52,846
Distribution costs: ( 2,065 ) ( 823 )
Administrative expenses: ( 55,537 ) ( 51,821 )
Other operating income: 8,857 8,397
Operating profit(or loss): 9,424 8,599
Interest receivable and similar income: 173 2
Profit(or loss) before tax: 9,597 8,601
Tax: ( 2,076 ) ( 1,441 )
Profit(or loss) for the financial year: 7,521 7,160

DULOE COMMUNITY SHOP CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 20,556 20,696
Total fixed assets: 20,556 20,696
Current assets
Stocks: 4 16,740 9,960
Debtors: 5 216 215
Cash at bank and in hand: 46,225 35,364
Total current assets: 63,181 45,539
Creditors: amounts falling due within one year: 6 ( 30,298 ) ( 20,317 )
Net current assets (liabilities): 32,883 25,222
Total assets less current liabilities: 53,439 45,918
Total net assets (liabilities): 53,439 45,918
Capital and reserves
Called up share capital: 30 30
Profit and loss account: 53,409 45,888
Total Shareholders' funds: 53,439 45,918

The notes form part of these financial statements

DULOE COMMUNITY SHOP CIC

Balance sheet statements

For the year ending 30 April 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 April 2024
and signed on behalf of the board by:

Name: Stuart Wright
Status: Director

The notes form part of these financial statements

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    Plant and machinery written down at 20% on a reducing balance

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 20,000 4,974 24,974
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 20,000 4,974 24,974
Depreciation
At 1 May 2022 4,278 4,278
Charge for year 140 140
On disposals
Other adjustments
At 30 April 2023 4,418 4,418
Net book value
At 30 April 2023 20,000 556 20,556
At 30 April 2022 20,000 696 20,696

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Stocks

2023 2022
£ £
Stocks 16,740 9,960
Total 16,740 9,960

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Debtors

2023 2022
£ £
Prepayments and accrued income 216 215
Total 216 215

DULOE COMMUNITY SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 23,396 14,939
Taxation and social security 5,583 5,162
Accruals and deferred income 1,319 216
Total 30,298 20,317

COMMUNITY INTEREST ANNUAL REPORT

DULOE COMMUNITY SHOP CIC

Company Number: 07604720 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The Company operates the Community shop. This is a general store located centrally in the village and is attached to the Community Centre. Our policy is that of selling as much locally produced produce and other products as we possibly can. We actively pursue this policy and seek out potential new local suppliers.Locals and other members of the general public can buy their groceries more conveniently and they appreciate the locally produced products and hence are able to reduce their carbon footprint. We still currently have 16 or more local suppliers and we estimate that we are helping to reduce our customers food miles by around 12 - 15%.We employ three part time employees whose main function is to operate the in house Post Office branch but as required they also help in the running of the shop along with several volunteers on a rota system over the seven days of the week.

Consultation with stakeholders

The stakeholders are the residents of the village and the directors and Company Secretary are all local residents who have lived in the village for some time. To keep the stakeholders informed of the latest changes or events at the shop there are regular updates in the shop; on the notice boards around the village; posts on social media set up for the shop and quarterly newsletters which are distributed to every house in the village and surrounding areas again by volunteers - mainly from the Parish Council members.

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
9 April 2024

And signed on behalf of the board by:
Name: Stuart Wright
Status: Director