ONLINE TOMORROW CIC

Company limited by guarantee

Company Registration Number:
13305839 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

ONLINE TOMORROW CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

ONLINE TOMORROW CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 14 months to 31 May 2022


£

£
Turnover: 1,800 0
Cost of sales: ( 1,250 )
Gross profit(or loss): 550 0
Operating profit(or loss): 550 0
Interest payable and similar charges: ( 107 )
Profit(or loss) before tax: 443 0
Profit(or loss) for the financial year: 443 0

ONLINE TOMORROW CIC

Balance sheet

As at 31 May 2023

Notes 2023 14 months to 31 May 2022


£

£
Current assets
Cash at bank and in hand: 550
Total current assets: 550
Net current assets (liabilities): 550
Total assets less current liabilities: 550
Total net assets (liabilities): 550
Members' funds
Profit and loss account: 550 0
Total members' funds: 550 0

The notes form part of these financial statements

ONLINE TOMORROW CIC

Balance sheet statements

For the year ending 31 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 14 February 2024
and signed on behalf of the board by:

Name: Olugbenga Oladiran AFOLABI
Status: Director

The notes form part of these financial statements

ONLINE TOMORROW CIC

Notes to the Financial Statements

for the Period Ended 31 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 calculated by adding up the total value of all sales made by a business over a 12-month period, regardless of whether they have been paid for or not.

ONLINE TOMORROW CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 14 months to 31 May 2022
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

ONLINE TOMORROW CIC

Company Number: 13305839 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Online Tomorrow CIC helps to increase the access of the community to technology, there are currently 10 volunteers being trained in IT fundamentals to meet community needs*

Consultation with stakeholders

No consultation with stakeholders

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
14 February 2024

And signed on behalf of the board by:
Name: Olugbenga Oladiran AFOLABI
Status: Director