CONCRETE DEVELOPMENT CIC

Company limited by guarantee

Company Registration Number:
14005073 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CONCRETE DEVELOPMENT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Community Interest Report

CONCRETE DEVELOPMENT CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,628 0
Total current assets: 2,628 0
Net current assets (liabilities): 2,628 0
Total assets less current liabilities: 2,628 0
Accruals and deferred income: ( 445 )
Total net assets (liabilities): 2,183 0
Members' funds
Profit and loss account: 2,183 0
Total members' funds: 2,183 0

The notes form part of these financial statements

CONCRETE DEVELOPMENT CIC

Balance sheet statements

For the year ending 31 March 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.

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 17 October 2024
and signed on behalf of the board by:

Name: J Fawcett
Status: Director

The notes form part of these financial statements

CONCRETE DEVELOPMENT CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Other accounting policies

    Debtors 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. Creditors 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. Taxation 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. Grant Income Grants are included in the Profit and Loss account on a receivable basis. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

CONCRETE DEVELOPMENT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

CONCRETE DEVELOPMENT CIC

Company Number: 14005073 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Throughout this period CONCRETE CIC was negotiating leaving the charity that set it up as a project. We have conducted consultation work with several partners, most importantly the Diocese of London. This is an ongoing long term relationship. We have been considering other relationships – including the Diocese of Southwark, which we have started engaging with. We are continuing to expand our consultant base with inclusion of new members of the CONCRETE academy.

Consultation with stakeholders

The 3 directors have met consistently on a monthly basis throughout this time, considering as stakeholders the work and how we take it forward. This has included speaking to our wider stakeholders as we explore our future work and take on further team to meet demand.

Directors' remuneration

J. Fawcett, a director of the company received £4,500 to deliver the activities of the company. M. Rutt, a director of the company received £10,051 to deliver the activities of the company. 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
17 October 2024

And signed on behalf of the board by:
Name: J Fawcett
Status: Director