DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06419093 (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

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2024

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

Directors

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

Mark Pearson


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 March 2025

And signed on behalf of the board by:
Name: Mark Pearson
Status: Director

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 26 11,599
Cost of sales: ( 10,508 )
Gross profit(or loss): 26 1,091
Administrative expenses: ( 1,007 ) ( 1,275 )
Operating profit(or loss): (981) (184)
Profit(or loss) before tax: (981) (184)
Profit(or loss) for the financial year: (981) (184)

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,388 4,829
Total current assets: 3,388 4,829
Net current assets (liabilities): 3,388 4,829
Total assets less current liabilities: 3,388 4,829
Accruals and deferred income: ( 480 ) ( 940 )
Total net assets (liabilities): 2,908 3,889
Members' funds
Profit and loss account: 2,908 3,889
Total members' funds: 2,908 3,889

The notes form part of these financial statements

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

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.

This report was approved by the board of directors on 14 March 2025
and signed on behalf of the board by:

Name: Mark Pearson
Status: Director

The notes form part of these financial statements

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

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

DESIGN ACTION DEVON AND CORNWALL COMMUNITY INTEREST COMPANY

Company Number: 06419093 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company has been mostly inactive this year

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
14 March 2025

And signed on behalf of the board by:
Name: Mark Pearson
Status: Director