BE RANDORI CIC

Company limited by guarantee

Company Registration Number:
SC606035 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

BE RANDORI CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BE RANDORI CIC

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 59,688 79,584
Total fixed assets: 59,688 79,584
Current assets
Debtors: 4 6,111 11,340
Cash at bank and in hand: 6,596 3,400
Total current assets: 12,707 14,740
Creditors: amounts falling due within one year: 5 ( 74,931 ) ( 73,570 )
Net current assets (liabilities): (62,224) (58,830)
Total assets less current liabilities: (2,536) 20,754
Total net assets (liabilities): (2,536) 20,754
Members' funds
Profit and loss account: (2,536) 20,754
Total members' funds: ( 2,536) 20,754

The notes form part of these financial statements

BE RANDORI CIC

Balance sheet statements

For the year ending 31 August 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 27 August 2024
and signed on behalf of the board by:

Name: Mark Taylor
Status: Director

The notes form part of these financial statements

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    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:

    Other accounting policies

    The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. 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. 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. 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 (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.

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 32,977 72,018 10,130 115,125
Additions
Disposals
Revaluations
Transfers
At 31 August 2023 32,977 72,018 10,130 115,125
Depreciation
At 1 September 2022 0 29,685 5,856 35,541
Charge for year 8,244 10,583 1,069 19,896
On disposals
Other adjustments
At 31 August 2023 8,244 40,268 6,925 55,437
Net book value
At 31 August 2023 24,733 31,750 3,205 59,688
At 31 August 2022 32,977 42,333 4,274 79,584

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Other debtors 6,111 11,340
Total 6,111 11,340

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 65,827 69,886
Taxation and social security 5,998 1,389
Other creditors 3,106 2,295
Total 74,931 73,570

BE RANDORI CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors Loan
£
Balance at 31 August 2022 11,341
Advances or credits made: 8,923
Advances or credits repaid: 14,153
Balance at 31 August 2023 6,111

COMMUNITY INTEREST ANNUAL REPORT

BE RANDORI CIC

Company Number: SC606035 (Scotland)

Year Ending: 31 August 2023

Company activities and impact

The organisation provides community Judo Clubs, activities, events and projects which are accessible and inclusive. We provide low cost activities and provide funded places and free community based events. Our members in the community have benefited physically, psychologically, socially and emotionally by either taking part directly or being involved as families and/or groups.

Consultation with stakeholders

Our members and families are consulted on a regular basis through online platforms and face to face to ensure we are meeting their needs such as adapting events to make them more accessible.

Directors' remuneration

Remuneration has been reflected in accounts and there were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 August 2024

And signed on behalf of the board by:
Name: Mark Taylor
Status: Director