COMMUNITY DROP AND SHOP CIC

Company limited by guarantee

Company Registration Number:
15126928 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 10 September 2023

End date: 30 September 2024

COMMUNITY DROP AND SHOP CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COMMUNITY DROP AND SHOP CIC

Directors' report period ended 30 September 2024

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

Directors

The directors shown below have held office during the whole of the period from
10 September 2023 to 30 September 2024

Della Mary Hughes
Caroline Lesley Colwill
Mary Hughes


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
6 June 2025

And signed on behalf of the board by:
Name: Della Mary Hughes
Status: Director

COMMUNITY DROP AND SHOP CIC

Balance sheet

As at 30 September 2024

Notes 13 months to 30 September 2024


£
Fixed assets
Tangible assets: 3 3,411
Total fixed assets: 3,411
Current assets
Cash at bank and in hand: 5,948
Total current assets: 5,948
Creditors: amounts falling due within one year: 4 ( 1,130 )
Net current assets (liabilities): 4,818
Total assets less current liabilities: 8,229
Total net assets (liabilities): 8,229
Members' funds
Profit and loss account: 8,229
Total members' funds: 8,229

The notes form part of these financial statements

COMMUNITY DROP AND SHOP CIC

Balance sheet statements

For the year ending 30 September 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 6 June 2025
and signed on behalf of the board by:

Name: Della Mary Hughes
Status: Director

The notes form part of these financial statements

COMMUNITY DROP AND SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 September 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. 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 been transferred to the buyer. This is usually at the point where the customer accepts the goods at time of purchase.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected lives on the following basis: Fixtures & Fittings 20% Reducing balance Computer Equipment 20% Reducing balance

COMMUNITY DROP AND SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    13 months to 30 September 2024
    Average number of employees during the period 3

COMMUNITY DROP AND SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,820 799 3,619
Disposals
Revaluations
Transfers
At 30 September 2024 2,820 799 3,619
Depreciation
Charge for year 165 43 208
On disposals
Other adjustments
At 30 September 2024 165 43 208
Net book value
At 30 September 2024 2,655 756 3,411

COMMUNITY DROP AND SHOP CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

13 months to 30 September 2024
£
Taxation and social security 1,130
Total 1,130

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY DROP AND SHOP CIC

Company Number: 15126928 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The Company runs a shop and sells donated goods at low prices. This has enabled local residents to reduce the cost of living whilst helping to protect the environment by recycling otherwise unwanted goods. Local charities have benefited from donations made from profits earned.

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
6 June 2025

And signed on behalf of the board by:
Name: Della Mary Hughes
Status: Director