for the Period Ended 28 February 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 15 months to 28 February 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 15 months to 28 February 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | | | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 28 February 2023
2023 | 15 months to 28 February 2022 | |
---|---|---|
Average number of employees during the period | | |
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.
The company’s principle stakeholder is the SpeedoMick Foundation which is the recipient of any residual funds received by the CIC going forward.
No remuneration was received
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