DIRECTIONS INDEPENDENT LIVING CIC

Company limited by guarantee

Company Registration Number:
12317363 (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

DIRECTIONS INDEPENDENT LIVING CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

DIRECTIONS INDEPENDENT LIVING CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 28,847 26,740
Cash at bank and in hand: 908 161
Total current assets: 29,755 26,901
Creditors: amounts falling due within one year: 4 ( 29,466 ) ( 26,689 )
Net current assets (liabilities): 289 212
Total assets less current liabilities: 289 212
Total net assets (liabilities): 289 212
Members' funds
Profit and loss account: 289 212
Total members' funds: 289 212

The notes form part of these financial statements

DIRECTIONS INDEPENDENT LIVING 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.

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

Name: Mr M P Harding
Status: Director

The notes form part of these financial statements

DIRECTIONS INDEPENDENT LIVING 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefit will flow to the entity; and specific criteria have been met for each of the company's activities.

    Other accounting policies

    General information and basis of accounting Directions Independent Living CIC (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is: 22 Church Street Rickmansworth WD3 1DD United Kingdom. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £. Going concern The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors. Taxation Current tax A Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Basic financial assets Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment. Basic financial assets receivable within more than one year are measured at amortised cost less any impairment. Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Basic financial liabilities Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price. Other basic financial liabilities are measured at amortised cost. Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

DIRECTIONS INDEPENDENT LIVING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

DIRECTIONS INDEPENDENT LIVING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Other debtors 28,847 26,740
Total 28,847 26,740

DIRECTIONS INDEPENDENT LIVING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 49 1,104
Accruals and deferred income 950 950
Other creditors 28,467 24,635
Total 29,466 26,689

COMMUNITY INTEREST ANNUAL REPORT

DIRECTIONS INDEPENDENT LIVING CIC

Company Number: 12317363 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

DIRECTIONS INDEPENDENT LIVING CIC PROVIDES EMPLOYMENT PLACEMENT AGENCY SERVICES.

Consultation with stakeholders

No consultation with stakeholders

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
31 October 2024

And signed on behalf of the board by:
Name: Mr M P Harding
Status: Director