for the Period Ended 28 February 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet 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
Additional information
Statement of Director's ResponsibilitiesThe director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financialstatements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Undercompany law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of thecompany and of the surplus or deficit of the company for that period. In preparing the financial statements the director is required to:select suitable accounting policies and then apply them consistently;make judgments and accounting estimates that are reasonable and prudent;prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose withreasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud andother irregularities.The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in theUnited Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.Small Company RulesThis report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of theCompanies Act 2006.
Directors
The director shown below has 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 | 13 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 | 13 months to 28 February 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
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: | 4 | ( | ( |
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
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 28 February 2023
2023 | 13 months to 28 February 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2022 | | | | | | |
Additions | | | | | | |
Disposals | | | | | | |
Revaluations | | | | | | |
Transfers | | | | | | |
At 28 February 2023 | | | | | | |
Depreciation | ||||||
At 1 March 2022 | | | | | | |
Charge for year | | | | | | |
On disposals | | | | | | |
Other adjustments | | | | | | |
At 28 February 2023 | | | | | | |
Net book value | ||||||
At 28 February 2023 | | | | | | |
At 28 February 2022 | | | | | | |
for the Period Ended 28 February 2023
2023 | 13 months to 28 February 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
This financial year was the second year of operating as a community interest company, the majority of funds spent was used to continue building up the company, with the addition of running a number of events that will enable us to have a more immediate localised impact on our service users. Some of the continued costs included paying for a domain and website, equipment, travel and meetings costs, marketing materials and inventory. This has benefitted our community in the following ways:We worked to get thousands of books out to people who couldn’t afford or access them across the UK and Ireland. Some of which were given directly from by us, or posted by a third party. A number of publishers also donated books and sent them to recipients on our behalf.Our website, marketing materials and social media helped us to spread awareness of our mission, which led to a number of schools, community centres, youth clubs and other community-based organisations receiving books from us for free. These books are given to people of all ages to keep.Additionally, we use our online presence to direct people to new and exciting literature by authors of colour. Part of our mission is to get people reading more books by underrepresented authors. We know that our community expands beyond those who can’t afford to purchase books. As a cultural education CIC it’s vital to us to share the titles that we recommend and help people find new books that they might enjoy and learn from.In this year we launched our festival, which welcomed over 1500+ people to enjoy free events, workshops, refreshments, networking and a chance to get some new books for free to take home. The number of donations increased this year, getting approximately 5,000 books into new homes.
No consultation with stakeholders
No remuneration was received
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: Sofia Akel
Status: Director