PROJECT OSIRIS CIC

Company Registration Number:
SC715687 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

PROJECT OSIRIS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

PROJECT OSIRIS CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Mark Anthony Scott Simspon


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
24 October 2024

And signed on behalf of the board by:
Name: Mark Anthony Scott Simspon
Status: Director

PROJECT OSIRIS CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 5,498 4,682
Gross profit(or loss): 5,498 4,682
Administrative expenses: ( 2,994 ) ( 2,471 )
Operating profit(or loss): 2,504 2,211
Profit(or loss) before tax: 2,504 2,211
Tax: ( 476 ) ( 420 )
Profit(or loss) for the financial year: 2,028 1,791

PROJECT OSIRIS CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 3,495 2,111
Total current assets: 3,495 2,111
Creditors: amounts falling due within one year: 3 ( 876 ) ( 820 )
Net current assets (liabilities): 2,619 1,291
Total assets less current liabilities: 2,619 1,291
Total net assets (liabilities): 2,619 1,291
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,519 1,191
Total Shareholders' funds: 2,619 1,291

The notes form part of these financial statements

PROJECT OSIRIS CIC

Balance sheet statements

For the year ending 30 November 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 24 October 2024
and signed on behalf of the board by:

Name: Mark Anthony Scott Simspon
Status: Director

The notes form part of these financial statements

PROJECT OSIRIS CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is reduced for estimated customer returns, rebates and other similar allowances. 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

    Taxation: Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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 profit. 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 profits 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 profits 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 profit or loss, 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.

PROJECT OSIRIS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

PROJECT OSIRIS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 476 420
Accruals and deferred income 400 400
Total 876 820

COMMUNITY INTEREST ANNUAL REPORT

PROJECT OSIRIS CIC

Company Number: SC715687 (Scotland)

Year Ending: 30 November 2023

Company activities and impact

Project Osiris CIC is undertaking many ongoing projects to benefit the wider ecology & forestry sector: Forester Tools: Forester Tools is an opensource QGIS Plugin in development to expedite the workflows required to develop, manage & analyse commercial & natural woodland assets. When the development cycle is complete, this plugin will be released for free alongside paid tutorials. This project is 90% complete.The previous planned release for summer 2024 was postponed until March 2025 due to unforeseen personal hardship. Branch Alexandria: In 2008 the JNCC released a Floristic Table Database detailing species particulars pertaining to their relative NVC classification. This database does not have common names – a common challenge for many habitat surveyors. Branch Alexandria integrates web-scraping and web-crawling to this challenge by cross referencing unknown scientific names against public databases. This Project is now projected to be 50% complete due to newly released data that hasn’t been analysed. The previous planned release for 2024 was postponed until due to unforeseen personal hardship. Mobile Survey & Automated Report Generation: Works are currently underway to integrate Mergin-Maps with QGIS Automation techniques to produce reports and centralise data. This approach hasn’t been adopted into ecology or forestry on a public level. Preliminary research shows incredible promise for near-instant in-field analysis and assistance. A business case is still currently in development with Arborists and Land Agents. Miscellaneous: Various volunteer works have been undertaken by Project Osiris CIC including future woodland creation visualisations & data analytics.

Consultation with stakeholders

Project Osiris CIC considers all members of the ecology & forestry sector as stakeholders - from administration through to in-field workers. Ongoing LinkedIn posts and one-to-one meetings with clients are used to gauge community interest via content marketing. The feedback provided from members of the public is used to guide future project development.

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
24 October 2024

And signed on behalf of the board by:
Name: Mark Anthony Scott Simspon
Status: Director