INDUSTRY DEVELOPER CIC

Company limited by guarantee

Company Registration Number:
14468201 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

INDUSTRY DEVELOPER CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

INDUSTRY DEVELOPER CIC

Directors' report period ended 31 October 2024

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

Principal activities of the company

The principal activity of the company throughout the year was to provide management consultancy activities other than financial management, provide cultural education, to provide educational support services and to provide support activities to performing arts.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Audrey Gray
Michelle Morris
Afaron Gordon


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
3 February 2025

And signed on behalf of the board by:
Name: Audrey Gray
Status: Director

INDUSTRY DEVELOPER CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 2,647 0
Cost of sales: ( 2,647 ) 0
Gross profit(or loss): 0 0
Administrative expenses: ( 268 ) ( 254 )
Operating profit(or loss): (268) (254)
Profit(or loss) before tax: (268) (254)
Profit(or loss) for the financial year: (268) (254)

INDUSTRY DEVELOPER CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 8,761 750
Total current assets: 8,761 750
Creditors: amounts falling due within one year: 3 ( 8,533 ) ( 254 )
Net current assets (liabilities): 228 496
Total assets less current liabilities: 228 496
Creditors: amounts falling due after more than one year: 4 ( 750 ) ( 750 )
Total net assets (liabilities): (522) (254)
Members' funds
Profit and loss account: (522) ( 254)
Total members' funds: ( 522) (254)

The notes form part of these financial statements

INDUSTRY DEVELOPER CIC

Balance sheet statements

For the year ending 31 October 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 3 February 2025
and signed on behalf of the board by:

Name: Audrey Gray
Status: Director

The notes form part of these financial statements

INDUSTRY DEVELOPER CIC

Notes to the Financial Statements

for the Period Ended 31 October 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 represents net invoiced sales of goods and services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office Equipment 20% on reducing balance Plant and Machinery 20% on reducing balance

    Intangible fixed assets amortisation policy

    Amortization is provided on all intangible assets over 6 years

INDUSTRY DEVELOPER CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

INDUSTRY DEVELOPER CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 8,533 254
Total 8,533 254

INDUSTRY DEVELOPER CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 750 750
Total 750 750

COMMUNITY INTEREST ANNUAL REPORT

INDUSTRY DEVELOPER CIC

Company Number: 14468201 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

For the period 2023/2024, ID CIC secured funding from the National Lottery. This funding will support marketing and business consultancy efforts aimed at raising awareness and enhancing community engagement. We have successfully delivered several creative industries opportunity, and we anticipate further developments for 2024/2025 as part of a new partnership with West Midlands CIC.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £350. 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
3 February 2025

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