SPEEDO MICK CIC

Company limited by guarantee

Company Registration Number:
12300249 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

SPEEDO MICK CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

SPEEDO MICK CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal activity of the company was fundraising. The company has effectively relinquished its activities which are now conducted by The Speedomick Foundation, a registered charity. As such this company is now dormant.



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Mr M Cullen
E Blennerhassett
D G Dunn


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 November 2023

And signed on behalf of the board by:
Name: Mr M Cullen
Status: Director

SPEEDO MICK CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 15 months to 28 February 2022


£

£
Turnover: 0 2,440
Cost of sales: 0
Gross profit(or loss): 0 2,440
Distribution costs: 0 0
Administrative expenses: 0 ( 2,440 )
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

SPEEDO MICK CIC

Balance sheet

As at 28 February 2023

Notes 2023 15 months to 28 February 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

SPEEDO MICK CIC

Balance sheet statements

For the year ending 28 February 2023 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 6 November 2023
and signed on behalf of the board by:

Name: Mr M Cullen
Status: Director

The notes form part of these financial statements

SPEEDO MICK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 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

    Income and expenses are included in the financial statements as they become receivable or due.

SPEEDO MICK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 15 months to 28 February 2022
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

SPEEDO MICK CIC

Company Number: 12300249 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The CIC was formed as a fundraising vehicle for the John O’Groats to Land’s End walk undertaken during the winter months of 2019/20 by Michael Cullen, aka Speedo Mick, who walked the near 850 mile journey through all weathers in a pair of blue ‘Speedos’, walking boots and hat to raise money for charities which support people with mental health and similar issues, particularly children and those in poverty.Over £250,000 was raised and as disclosed in the accounts for previous periods , the monies were donated to the SpeedoMick Foundation (registered charity number 1189920) which was formed to distribute the funds. This has had and will continue to have a substantial impact on the community.The period to February 2022 saw the CIC effectively cease activities now that the Foundation is fully operational and the CIC remained dormant in the year to 28 February 2023 as all activities are now conducted by The Speedomick Foundation.

Consultation with stakeholders

The company’s principle stakeholder is the SpeedoMick Foundation which is the recipient of any residual funds received by the CIC going forward.

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 November 2023

And signed on behalf of the board by:
Name: Mr M Cullen
Status: Director