APRICOT CENTRE CIC

Company Registration Number:
07298409 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

APRICOT CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

APRICOT CENTRE CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Mathew Harvey
Paul Christopher Mehew
Rachel Ann Phillilips
Rhodri John Samuel
Liliane Uwimana
Amir Qureshy
Amy Elisabeth Worth


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
28 January 2025

And signed on behalf of the board by:
Name: Amy Elisabeth Worth
Status: Director

APRICOT CENTRE CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 1,112,510 923,551
Cost of sales: ( 405,523 ) ( 419,315 )
Gross profit(or loss): 706,987 504,236
Distribution costs: ( 6,253 ) ( 3,143 )
Administrative expenses: ( 703,266 ) ( 607,126 )
Other operating income: 25
Operating profit(or loss): (2,507) (106,033)
Interest receivable and similar income: 386
Interest payable and similar charges: ( 3,646 )
Profit(or loss) before tax: (5,767) (106,033)
Tax: ( 15,699 ) 30,509
Profit(or loss) for the financial year: (21,466) (75,524)

APRICOT CENTRE CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 6,280 7,065
Tangible assets: 4 108,366 127,650
Total fixed assets: 114,646 134,715
Current assets
Stocks: 5 15,878 4,687
Debtors: 6 98,662 126,901
Cash at bank and in hand: 56,557 21,114
Total current assets: 171,097 152,702
Creditors: amounts falling due within one year: 7 ( 237,169 ) ( 207,851 )
Net current assets (liabilities): (66,072) (55,149)
Total assets less current liabilities: 48,574 79,566
Creditors: amounts falling due after more than one year: 8 ( 89,044 ) ( 98,570 )
Total net assets (liabilities): (40,470) (19,004)
Capital and reserves
Called up share capital: 20 20
Profit and loss account: (40,490 ) (19,024 )
Total Shareholders' funds: ( 40,470 ) (19,004)

The notes form part of these financial statements

APRICOT CENTRE CIC

Balance sheet statements

For the year ending 30 June 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 24 March 2025
and signed on behalf of the board by:

Name: Amy Elisabeth Worth
Status: Director

The notes form part of these financial statements

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 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 ofa contract cannot be estimated reliably

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairrnent losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

    Intangible fixed assets amortisation policy

    Other intangible assets are Software It is amortised to profit and loss account over its estimated economic life of IO years.

    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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 26 26

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 July 2023 7,850 7,850
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 7,850 7,850
Amortisation
At 1 July 2023 785 785
Charge for year 785 785
On disposals
Other adjustments
At 30 June 2024 1,570 1,570
Net book value
At 30 June 2024 6,280 6,280
At 30 June 2023 7,065 7,065

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 56,418 147,416 5,531 77,744 287,109
Additions 5,761 6,803 598 13,162
Disposals ( 100 ) ( 100 )
Revaluations
Transfers
At 30 June 2024 62,179 154,119 6,129 77,744 300,171
Depreciation
At 1 July 2023 27,539 93,238 3,308 35,374 159,459
Charge for year 4,401 20,597 1,477 5,921 32,396
On disposals ( 50 ) ( 50 )
Other adjustments
At 30 June 2024 31,940 113,785 4,785 41,295 191,805
Net book value
At 30 June 2024 30,239 40,334 1,344 36,449 108,366
At 30 June 2023 28,879 54,178 2,223 42,370 127,650

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Stocks

2024 2023
£ £
Stocks 15,878 4,687
Total 15,878 4,687

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors

2024 2023
£ £
Trade debtors 74,330 86,224
Prepayments and accrued income 17,682 33,381
Other debtors 6,650 7,296
Total 98,662 126,901

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 8,383 9,101
Trade creditors 50,193 53,420
Taxation and social security 22,370 13,162
Accruals and deferred income 151,605 110,126
Other creditors 4,618 22,042
Total 237,169 207,851

APRICOT CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Bank loans and overdrafts 26,358 30,572
Amounts due under finance leases and hire purchase contracts 36,975 35,228
Other creditors 25,711 32,770
Total 89,044 98,570

COMMUNITY INTEREST ANNUAL REPORT

APRICOT CENTRE CIC

Company Number: 07298409 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The Apricot Centre operates as a farm, education provider, consultancy, and wellbeing service, working to create a resilient, regenerative, and community-focused model of land stewardship and support. Our Key Areas of Work: Farm: We cultivate a diverse range of arable, horticultural, and livestock produce, supplying both direct-to-consumer and wholesale markets with fresh, organic food. Education: We provide Level 2, 3, and 4 training in Regenerative Farming Practices, Permaculture, Biodynamics, and Agroforestry, equipping individuals with the skills needed for sustainable agriculture. Farm Consultancy: We support farmers and landowners in transitioning to regenerative agricultural practices, offering expert advice on biodiversity, soil health, carbon sequestration, and sustainable farm design.Wellbeing: We offer therapeutic services for children facing mental health challenges, delivered as part of local authority-funded provision. Community Impact: Our work benefits a broad and diverse community, including: Local customers who access healthy, organic food, contributing to better nutrition and well-being Food in Community, a local initiative to which we donate surplus produce, ensuring food reaches those in need. Trainees and students who develop practical skills and qualifications in regenerative farming, supporting their career progression in sustainable agriculture. Farmers and landowners who receive consultancy and training to improve land management, sustainability, and farm resilience. Children and young people receiving therapeutic support to improve mental health and well-being. The wider public, who engage with the farm through Open Days, Farm Walks, and public footpaths, foster a deeper connection to nature. Schools and educational groups, who participate in farm experiences, including foraging, harvesting, and cooking healthy organic food, promoting environmental awareness and food sustainability. Through these activities, the Apricot Centre continues to strengthen local food systems, environmental resilience, and community wellbeing, while supporting the transition towards more sustainable and regenerative land management practices.

Consultation with stakeholders

The Apricot Centre conducts an annual consultation with the Friends of The Apricot Centre stakeholder group. This diverse panel includes local community members, experts from the farming sector, nutritionists, mental health professionals, and business specialists. Insights and feedback from this consultation are integrated into our annual report, which reflects on the previous year’s progress and outlines our plans for the future. Additionally, our Director team has been strengthened with experienced volunteers from outside the organisation, bringing expertise in strategic business planning, HR, and workforce management to support our long-term growth and sustainability

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 March 2025

And signed on behalf of the board by:
Name: Rachel Phillips
Status: Director