BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Company limited by guarantee

Company Registration Number:
06458504 (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

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Directors' report period ended 31 December 2023

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

A. W. Tilbury
H. L. Mitchell
J. R. McIntosh
M. Hazell


The director shown below has held office during the period of
1 January 2023 to 2 October 2023

R. D. Sherriff


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
23 September 2024

And signed on behalf of the board by:
Name: A. W. Tilbury
Status: Director

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 27,963 26,992
Cost of sales: ( 6,067 ) ( 9,870 )
Gross profit(or loss): 21,896 17,122
Administrative expenses: ( 20,040 ) ( 27,717 )
Operating profit(or loss): 1,856 (10,595)
Profit(or loss) before tax: 1,856 (10,595)
Profit(or loss) for the financial year: 1,856 (10,595)

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 1,316 2,668
Debtors: 4 5,250 0
Cash at bank and in hand: 6,893 7,770
Total current assets: 13,459 10,438
Creditors: amounts falling due within one year: 5 ( 1,605 ) ( 440 )
Net current assets (liabilities): 11,854 9,998
Total assets less current liabilities: 11,854 9,998
Total net assets (liabilities): 11,854 9,998
Members' funds
Profit and loss account: 11,854 9,998
Total members' funds: 11,854 9,998

The notes form part of these financial statements

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

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.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: A. W. Tilbury
Status: Director

The notes form part of these financial statements

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

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, 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.

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Stocks

2023 2022
£ £
Stocks 1,316 2,668
Total 1,316 2,668

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,625 0
Other debtors 1,625 0
Total 5,250 0

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 1,605 440
Total 1,605 440

COMMUNITY INTEREST ANNUAL REPORT

BUDLEIGH SALTERTON INFORMATION CENTRE CIC

Company Number: 06458504 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company runs an information centre, serving our local community, visitors and tourists advising them of: * Local amenities and attractions, supplying leaflets and contact information * Directions and information about the town * Regular newsletters to our community * Respond to visitor emails and calls who enquire about our town and attractions * Booking facility for beach huts, local drama performances and more * Help with public transport information and timetables * Local businesses benefit from our services through our advice to our visitors on places they can go and stay Our company now runs solely on volunteers and provides opportunities for approximately 40 local residents to help in our community led company.

Consultation with stakeholders

The company’s stakeholders are the local residents, volunteers, local businesses and visitors, who are asked to supply any comments that they have about the company’s activities. These comments are regularly reviewed and acted on as appropriate.

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
23 September 2024

And signed on behalf of the board by:
Name: H. L. Mitchell
Status: Director