LAKOTA HUB C.I.C.

Company limited by guarantee

Company Registration Number:
12612418 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2023

Period of accounts

Start date: 31 May 2022

End date: 30 May 2023

LAKOTA HUB C.I.C.

Contents of the Financial Statements

for the Period Ended 30 May 2023

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

LAKOTA HUB C.I.C.

Directors' report period ended 30 May 2023

The directors present their report with the financial statements of the company for the period ended 30 May 2023

Directors

The directors shown below have held office during the whole of the period from
31 May 2022 to 30 May 2023

Jacqui Bedingfield
Joanne Horner
Paul Marriner


The director shown below has held office during the period of
31 May 2022 to 20 June 2022

Ruth Ann Lilleker


The director shown below has held office during the period of
27 June 2022 to 30 May 2023

Mary-Rose Poole


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
16 November 2023

And signed on behalf of the board by:
Name: Paul Marriner
Status: Director

LAKOTA HUB C.I.C.

Profit And Loss Account

for the Period Ended 30 May 2023

2023 2022


£

£
Turnover: 11,613 54,741
Cost of sales: ( 4,011 ) ( 22,844 )
Gross profit(or loss): 7,602 31,897
Administrative expenses: ( 14,357 ) ( 10,557 )
Operating profit(or loss): (6,755) 21,340
Profit(or loss) before tax: (6,755) 21,340
Profit(or loss) for the financial year: (6,755) 21,340

LAKOTA HUB C.I.C.

Balance sheet

As at 30 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 6,101 4,382
Total fixed assets: 6,101 4,382
Current assets
Debtors: 4 9,500
Cash at bank and in hand: 1,839 19,813
Total current assets: 11,339 19,813
Net current assets (liabilities): 11,339 19,813
Total assets less current liabilities: 17,440 24,195
Creditors: amounts falling due after more than one year: 5 ( 3,616 ) ( 5,226 )
Total net assets (liabilities): 13,824 18,969
Members' funds
Profit and loss account: 13,824 18,969
Total members' funds: 13,824 18,969

The notes form part of these financial statements

LAKOTA HUB C.I.C.

Balance sheet statements

For the year ending 30 May 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 16 November 2023
and signed on behalf of the board by:

Name: Paul Marriner
Status: Director

The notes form part of these financial statements

LAKOTA HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 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, excluding discounts, rebates,value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefullife.Plant and machinery etc - 25% on costTangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciationand impairment loss.

LAKOTA HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

LAKOTA HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2022 5,059 5,059
Additions 3,306 3,306
Disposals
Revaluations
Transfers
At 30 May 2023 8,365 8,365
Depreciation
At 31 May 2022 677 677
Charge for year 1,587 1,587
On disposals
Other adjustments
At 30 May 2023 2,264 2,264
Net book value
At 30 May 2023 6,101 6,101
At 30 May 2022 4,382 4,382

LAKOTA HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 9,500
Total 9,500

LAKOTA HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2023

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

2023 2022
£ £
Other creditors 3,616 5,226
Total 3,616 5,226

COMMUNITY INTEREST ANNUAL REPORT

LAKOTA HUB C.I.C.

Company Number: 12612418 (England and Wales)

Year Ending: 30 May 2023

Company activities and impact

The company provides a variety of activities to support the local community. Many of the local community suffer with mental health issues so are supported by being offered one to one counselling with the company in house qualified counsellor. Other activities include arts and crafts, sign language, confidence building workshops, friendship groups and art healing.

Consultation with stakeholders

We have regular meetings with our stakeholders, where we discuss ideas and consult everyone if there are any changes.

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
16 November 2023

And signed on behalf of the board by:
Name: P Marriner
Status: Director