PROFESSIONALS IN CONSTRUCTION CIC

Company limited by guarantee

Company Registration Number:
12283532 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 1 November 2020

End date: 31 October 2021

PROFESSIONALS IN CONSTRUCTION CIC

Contents of the Financial Statements

for the Period Ended 31 October 2021

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PROFESSIONALS IN CONSTRUCTION CIC

Balance sheet

As at 31 October 2021

Notes 2021 2020


£

£
Current assets
Debtors: 3 62,551 21,444
Cash at bank and in hand: 48,601 2,913
Total current assets: 111,152 24,357
Creditors: amounts falling due within one year: 4 ( 28,376 )
Net current assets (liabilities): 82,776 24,357
Total assets less current liabilities: 82,776 24,357
Creditors: amounts falling due after more than one year: 5 ( 24,113 ) ( 25,000 )
Total net assets (liabilities): 58,663 (643)
Members' funds
Profit and loss account: 58,663 ( 643)
Total members' funds: 58,663 (643)

The notes form part of these financial statements

PROFESSIONALS IN CONSTRUCTION CIC

Balance sheet statements

For the year ending 31 October 2021 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 5 September 2022
and signed on behalf of the board by:

Name: Mr Mthandazo Tariro Amos SIMBO
Status: Director

The notes form part of these financial statements

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 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

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 1 1

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Debtors

2021 2020
£ £
Trade debtors 62,551 21,444
Total 62,551 21,444

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Creditors: amounts falling due within one year note

2021
£
Taxation and social security 28,376
Total 28,376

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2021

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

2021 2020
£ £
Bank loans and overdrafts 24,113 25,000
Total 24,113 25,000

COMMUNITY INTEREST ANNUAL REPORT

PROFESSIONALS IN CONSTRUCTION CIC

Company Number: 12283532 (England and Wales)

Year Ending: 31 October 2021

Company activities and impact

helping professionals in the construction industry

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
5 September 2022

And signed on behalf of the board by:
Name: Mr Mthandazo Tariro Amos SIMBO
Status: Director