SECOND TIME AROUND CIC

Company limited by guarantee

Company Registration Number:
14236096 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 15 July 2022

End date: 31 July 2023

SECOND TIME AROUND CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

SECOND TIME AROUND CIC

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Directors

The directors shown below have held office during the whole of the period from
15 July 2022 to 31 July 2023

Victoria Reed
Jacqueline Henson


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
21 November 2023

And signed on behalf of the board by:
Name: Victoria Reed
Status: Director

SECOND TIME AROUND CIC

Profit And Loss Account

for the Period Ended 31 July 2023

13 months to 31 July 2023


£
Turnover: 46,514
Cost of sales: ( 405 )
Gross profit(or loss): 46,109
Administrative expenses: ( 38,942 )
Other operating income: 2,682
Operating profit(or loss): 9,849
Profit(or loss) before tax: 9,849
Tax: ( 1,871 )
Profit(or loss) for the financial year: 7,978

SECOND TIME AROUND CIC

Balance sheet

As at 31 July 2023

Notes 13 months to 31 July 2023


£
Current assets
Debtors: 3 466
Cash at bank and in hand: 10,487
Total current assets: 10,953
Net current assets (liabilities): 10,953
Total assets less current liabilities: 10,953
Creditors: amounts falling due after more than one year: 4 ( 2,708 )
Total net assets (liabilities): 8,245
Members' funds
Profit and loss account: 8,245
Total members' funds: 8,245

The notes form part of these financial statements

SECOND TIME AROUND CIC

Balance sheet statements

For the year ending 31 July 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 21 November 2023
and signed on behalf of the board by:

Name: Victoria Reed
Status: Director

The notes form part of these financial statements

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    13 months to 31 July 2023
    Average number of employees during the period 3

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Debtors

13 months to 31 July 2023
£
Trade debtors 466
Total 466

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

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

13 months to 31 July 2023
£
Other creditors 2,708
Total 2,708

COMMUNITY INTEREST ANNUAL REPORT

SECOND TIME AROUND CIC

Company Number: 14236096 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

We are the only Community Shop for Syston Community, what is donated to the shop is only sold here Support the most vulnerable and people facing financial hardship or difficulties and elderly who are most isolated in doing so we encourage more people to donate for recycle household goods. The store will also act as a social hub allowing people to come in and be signposted to local agencies for specialist support Improve the quality of life of individuals, the elderly and families allowing them access to quality items Reduce the amount of items going to landfill

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £19456

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 November 2023

And signed on behalf of the board by:
Name: Victoria Reed
Status: Director