AGEABLE CIC

Company limited by guarantee

Company Registration Number:
13142189 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

AGEABLE CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

AGEABLE CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

A Osborne


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
14 October 2024

And signed on behalf of the board by:
Name: A Osborne
Status: Director

AGEABLE CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 41,959 11,088
Cost of sales: ( 17,470 ) ( 4,548 )
Gross profit(or loss): 24,489 6,540
Administrative expenses: ( 20,121 ) ( 14,083 )
Other operating income: 1
Operating profit(or loss): 4,369 (7,543)
Profit(or loss) before tax: 4,369 (7,543)
Tax: ( 749 ) 1,433
Profit(or loss) for the financial year: 3,620 (6,110)

AGEABLE CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 1,433 1,832
Cash at bank and in hand: 12,451 3,911
Total current assets: 13,884 5,743
Creditors: amounts falling due within one year: 4 ( 7,077 ) ( 2,556 )
Net current assets (liabilities): 6,807 3,187
Total assets less current liabilities: 6,807 3,187
Total net assets (liabilities): 6,807 3,187
Members' funds
Profit and loss account: 6,807 3,187
Total members' funds: 6,807 3,187

The notes form part of these financial statements

AGEABLE CIC

Balance sheet statements

For the year ending 31 January 2024 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 14 October 2024
and signed on behalf of the board by:

Name: A Osborne
Status: Director

The notes form part of these financial statements

AGEABLE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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 is reduced for estimated returns, rebates and other similar allowance. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    Basis of preparation of Financial statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A Small Entities ''The financial reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

AGEABLE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

AGEABLE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Other debtors 1,433 1,832
Total 1,433 1,832

AGEABLE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 494 866
Taxation and social security 1,628
Other creditors 4,955 1,690
Total 7,077 2,556

COMMUNITY INTEREST ANNUAL REPORT

AGEABLE CIC

Company Number: 13142189 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company runs Ageable CIC, and has used design (Service, system, product and communication) to improve the current organizations that provides services to people as they age and continue to be. Through our collaborations over this period with 2 main projects, firstly with Care City, working in their project with London Borough of Barking and Dagenham Council and Community resources to co-design community resilience programme through deep research and community led and co-designed work supporting people of all ages at risk of loneliness and isolation through an innovative approach to supporting people's circles of care and finding their agency through friendships and connections in some non-traditional places plus partnership. Together we've been exploring when shared values come together and see what communities need to go above and beyond when it comes to building connections and belonging and supporting each other through relationships. Secondly we've been working with the charity Open Age who are an incredible London based organisation dedicated to supporting older adults. Open Age provides opportunities for members to take part in meaningful activities, strengthen their sense of community, rediscover old hobbies, find new ones, make new friends, and most of all - have fun. Our role in this innovate UK funded project was to work with Open Age to create and deliver a human-centered, design-led process in the development of a new set of digital services and online offerings for older adults. Inspired by the impactful online activity sessions they provided during lockdown, the charity wanted to create a sellable offer that would give them the momentum they need to scale beyond the traditional boundaries charities often face - when they typically only deliver and support people ' on-the-ground' or in geographical proximity to them. People will benefit by being able to: - Have access to well designed systems, services and products. - Have influence in decisions and ideas that impact their well-being. - Have autonomy and choice for the decisions we make as we age.

Consultation with stakeholders

The company stakeholders are people who will be using some of the services we have helped to design, we have also at every opportunity involved the community, older adults in the process through inviting them into design research and design workshops. We also work together with key stakeholders depending on the piece of work to co-design new resilience programme that aim to improve our lives as we age. At the end of projects we are asking collaborators about how their experience has been of working with us, and the impact it has had on their projects. This helps us to get a sense of the needs of different collaborators and any ideas as they have to improve the way we support them.

Directors' remuneration

The number of emoluments paid to or receivable by the director in respect of qualifying services was a salary of £40 per hour. This is evidenced in the accounts submitted to the Companies House and HMRC. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which required 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
15 October 2024

And signed on behalf of the board by:
Name: Alice Osborne
Status: Director