RIVER AXE CIC

Company limited by guarantee

Company Registration Number:
14223756 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

RIVER AXE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

RIVER AXE CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Turnover: 13,456 15,051
Cost of sales: ( 414,207 ) ( 293,493 )
Gross profit(or loss): (400,751) (278,442)
Other operating income: 442,997 264,081
Operating profit(or loss): 42,246 (14,361)
Interest payable and similar charges: ( 7 )
Profit(or loss) before tax: 42,239 (14,361)
Tax: ( 6,173 )
Profit(or loss) for the financial year: 36,066 (14,361)

RIVER AXE CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Current assets
Debtors: 3 40,921 32,675
Cash at bank and in hand: 104,492 128,389
Total current assets: 145,413 161,064
Creditors: amounts falling due within one year: 4 ( 123,708 ) ( 175,425 )
Net current assets (liabilities): 21,705 (14,361)
Total assets less current liabilities: 21,705 ( 14,361)
Total net assets (liabilities): 21,705 (14,361)
Members' funds
Profit and loss account: 21,705 ( 14,361)
Total members' funds: 21,705 (14,361)

The notes form part of these financial statements

RIVER AXE CIC

Balance sheet statements

For the year ending 31 December 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 19 September 2025
and signed on behalf of the board by:

Name: Giles Aspinall
Status: Director

The notes form part of these financial statements

RIVER AXE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

    Other accounting policies

    general information and basis of accounting going concern employee benefits taxation impairment of assets trade and other debtors cash and cash equivalents trade and other creditors government grants

RIVER AXE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

RIVER AXE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Trade debtors 560 0
Other debtors 40,361 32,675
Total 40,921 32,675

RIVER AXE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 5,608 37,125
Taxation and social security 10,111
Other creditors 107,989 138,300
Total 123,708 175,425

RIVER AXE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £727 (2023 - £1,154). £126 (2023 - £0) was payable to the fund at the balance sheet date and is included in creditors.

COMMUNITY INTEREST ANNUAL REPORT

RIVER AXE CIC

Company Number: 14223756 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The CIC has continued to develop the Axe Landscape Recovery programme - a long term environmental scheme with community engagement

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
19 September 2025

And signed on behalf of the board by:
Name: Giles Aspinall
Status: Director