LIGHTSHARE C.I.C.

Company Registration Number:
10605217 (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

LIGHTSHARE C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

LIGHTSHARE C.I.C.

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 company's principal activity during the year continued to be other accommodation.



Directors

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

AJEWOLE, Rebecca


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
22 November 2023

And signed on behalf of the board by:
Name: AJEWOLE, Rebecca
Status: Director

LIGHTSHARE C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 5,197 19,417
Cost of sales: ( 232 )
Gross profit(or loss): 5,197 19,185
Administrative expenses: ( 5,645 ) ( 8,395 )
Operating profit(or loss): (448) 10,790
Interest payable and similar charges: ( 72 )
Profit(or loss) before tax: (520) 10,790
Tax: ( 2,050 )
Profit(or loss) for the financial year: (520) 8,740

LIGHTSHARE C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 1,561 4,276
Cash at bank and in hand: 170 675
Total current assets: 1,731 4,951
Creditors: amounts falling due within one year: 4 ( 2,050 )
Net current assets (liabilities): 1,731 2,901
Total assets less current liabilities: 1,731 2,901
Creditors: amounts falling due after more than one year: 5 ( 2,250 ) ( 2,900 )
Total net assets (liabilities): (519) 1
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (520 )
Total Shareholders' funds: ( 519 ) 1

The notes form part of these financial statements

LIGHTSHARE C.I.C.

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 22 November 2023
and signed on behalf of the board by:

Name: AJEWOLE, Rebecca
Status: Director

The notes form part of these financial statements

LIGHTSHARE C.I.C.

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

    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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

LIGHTSHARE C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

LIGHTSHARE C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Other debtors 1,561 4,276
Total 1,561 4,276

LIGHTSHARE C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

  2022
  £
Taxation and social security 2,050
Total   2,050

LIGHTSHARE C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

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

2023 2022
£ £
Bank loans and overdrafts 2,250 2,900
Total 2,250 2,900

COMMUNITY INTEREST ANNUAL REPORT

LIGHTSHARE C.I.C.

Company Number: 10605217 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Lightshare CIC provides a free Homeshare Service across the UK for Householders. We support elderly clients who are lonely and isolated, as well as individuals who have a disability or are struggling with practical tasks at home. Lightshare matches these Householders with Homesharers. Homesharers are individuals who provide up to ten hours of practical help for Householders in exchange for a rent free spare room. Homesharers can assist with practical tasks that which include shopping, light cleaning, companionship, help with outings and cooking. In addition to this support, our Homesharers are required to sleep in the property for at least five nights per week. Lightshare facilities the match between Householders and Homesharers, and monitors matches on a monthly basis to ensure everyone involved enjoys the experience and is safeguarded. Our programme aims to reduce social isolation and loneliness, reduce the cost of care and improve the housing crisis seen across the UK.

Consultation with stakeholders

The company’s stakeholders are employees, supporters and service users. Any person meeting these criteria can apply for membership. Directors elected from the membership participate in the management and strategic direction of the company and are regularly consulted. There has been no other wider form of consultation. Users of the company's services are asked for feedback on services received at the end of any intervention and the company uses this information to inform service reviews. Directors of the CIC are active within communities served by the company and regularly consult informally to gather information which is used to inform the development of services and projects

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
22 November 2023

And signed on behalf of the board by:
Name: AJEWOLE, Rebecca
Status: Director