AUGMENT PARTNERSHIP C.I.C.

Company Registration Number:
10775120 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

AUGMENT PARTNERSHIP C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AUGMENT PARTNERSHIP C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 681 971
Total fixed assets: 681 971
Current assets
Stocks: 4 0 123
Debtors: 5 2,886 6,534
Cash at bank and in hand: 5,472 3,830
Investments:   0 0
Total current assets: 8,358 10,487
Creditors: amounts falling due within one year: 6 ( 11,047 ) ( 18,551 )
Net current assets (liabilities): (2,689) (8,064)
Total assets less current liabilities: (2,008) ( 7,093)
Creditors: amounts falling due after more than one year: 7 ( 7,634 ) ( 14,615 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (9,642) (21,708)
Capital and reserves
Called up share capital: 4 4
Profit and loss account: (9,646 ) (21,712 )
Total Shareholders' funds: ( 9,642 ) (21,708)

The notes form part of these financial statements

AUGMENT PARTNERSHIP C.I.C.

Balance sheet statements

For the year ending 31 December 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 30 August 2024
and signed on behalf of the board by:

Name: Majella Alison Smith
Status: Director

The notes form part of these financial statements

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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 and services rendered, 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 recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

    Intangible fixed assets amortisation policy

    Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Combined other intangible assets - 50% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 1

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 8,600 1,450 10,050
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 8,600 1,450 10,050
Depreciation
At 1 January 2023 8,600 479 9,079
Charge for year 0 290 290
On disposals
Other adjustments
At 31 December 2023 8,600 769 9,369
Net book value
At 31 December 2023 0 681 681
At 31 December 2022 0 971 971

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 0 123
Total 0 123

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,886 6,534
Total 2,886 6,534
Debtors due after more than one year: 0 0

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,802 1,767
Trade creditors 203 37
Taxation and social security 117 0
Other creditors 8,925 16,747
Total 11,047 18,551

The Directors have provided interest free loans to the company which have a balance due to them at the year-end which is split £4,738 (31 December 2022 - £13,520) included in creditors falling due within one year and £4,831 (31 December 2022 - £10,000) which is included in creditors falling due after one year.

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 2,803 4,615
Other creditors 4,831 10,000
Total 7,634 14,615

The Directors have provided interest free loans to the company which have a balance due to them at the year-end which is split £4,738 (31 December 2022 - £13,520) included in creditors falling due within one year and £4,831 (31 December 2022 - £10,000) which is included in creditors falling due after one year.

COMMUNITY INTEREST ANNUAL REPORT

AUGMENT PARTNERSHIP C.I.C.

Company Number: 10775120 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

In 2023 we built on the foundation of the previous year through our principal activity - the letting of private office and meeting spaces at discounted rates to charities and community organisations. Our members’ services include the areas of addiction recovery and after-care, mental health, community action, mentoring and wellbeing. Impact & Community Benefit For our members - service providers - being based at the Workspace means their clients coming in do not feel ‘labelled’ by entering the building, since they could be visiting any one of the businesses or groups based here. Members report that their clients appreciate the relative anonymity gained by accessing support in this multi-use environment. We continued our activities for Craven Reboot, donating volunteer time and storage for the issue of refurbished laptops and digital devices, plus in1 to 1 support to help recipients get started and/or extend their digital skills. During the year, we were able to issue approx 20 devices FOC to people referred by their key support workers. We also partnered with the local college to host courses, making entry level digital training available in a town centre business venue, rather than at the college on the edge of the town. At the end of the trading year, the Directors chose two charities to receive a donation from any surplus funds identified following preparation of the annual statements; these were paid out in July 2024: £150 The Snowdrop Project, Sheffield £100 Skipton Community Sports Hub

Consultation with stakeholders

We continue to build strong relationships with a growing number of local community groups and their participants. We have met with the local council, VCSE forums and community organisations to discuss emerging trends and opportunities for collaboration on wider community projects.

Directors' remuneration

£3379

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Peter Richard Smith
Status: Director