E50K C.I.C.

Company limited by guarantee

Company Registration Number:
13408011 (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

E50K C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

E50K C.I.C.

Directors' report period ended 31 May 2023

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

Directors

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

Ms Emily Davies
Mr Richard Dennis
Mr Thomas Silvey


The director shown below has held office during the period of
15 April 2023 to 31 May 2023

Dr Elizabeth Newman-Earl


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
26 February 2024

And signed on behalf of the board by:
Name: Mr Richard Dennis
Status: Director

E50K C.I.C.

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 100 100
Total fixed assets: 100 100
Current assets
Debtors: 4 2,580 4,032
Cash at bank and in hand: 191 25,343
Total current assets: 2,771 29,375
Net current assets (liabilities): 2,771 29,375
Total assets less current liabilities: 2,871 29,475
Creditors: amounts falling due after more than one year: 5 ( 26,006 ) ( 41,398 )
Accruals and deferred income: ( 1,700 ) ( 1,650 )
Total net assets (liabilities): (24,835) (13,573)
Members' funds
Profit and loss account: (24,835) ( 13,573)
Total members' funds: ( 24,835) (13,573)

The notes form part of these financial statements

E50K C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 February 2024
and signed on behalf of the board by:

Name: Mr Richard Dennis
Status: Director

The notes form part of these financial statements

E50K C.I.C.

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 measured at the fair value of the consideration received or receivable, net of discounts and valueadded taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods has transferred to the buyer. This is usually at the point that the customer has signed for the deliveryof the goods.Rendering of servicesTurnover 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 todate to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenseswhen the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    2.1. Basis of Preparation of Financial StatementsThe financial statements have been prepared under the historical cost convention and in accordance withFinancial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable inthe UK and Republic of Ireland" and the Companies Act 2006.2.2. Going Concern DisclosureAt the balance sheet date the company's liabilities exceeded it's assets by a significant amount. The ability ofthe company to continue as a going concern is dependant on credit facilities provided on an unsecured basisby third party creditors. The director considers that these facilities will remain in place for a period in excessof 12 months from the date of his report and the financial statements are therefore prepared on the goingconcern basis.2.4. Preparation of Consilidated Financial StatementsThe financial statements contain information about Appleblossom (Holdings) Limited as an individualcompany and do not contain consolidated financial information as the parent of a group. The company isexempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidatedfinancial statements.

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Fixed assets investments note

4. InvestmentsUnlistedCost £As at 1 June 2022 100As at 31 May 2023 100ProvisionAs at 1 June 2022 -As at 31 May 2023 -Net Book ValueAs at 31 May 2023 100As at 1 June 2022 100Unlisted investments represent an investment in 100% of the issued share capital of e50k Strategic AdvisoryLimited.

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Other debtors 2,580 4,032
Total 2,580 4,032

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

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

2023 2022
£ £
Other creditors 26,006 41,398
Total 26,006 41,398

COMMUNITY INTEREST ANNUAL REPORT

E50K C.I.C.

Company Number: 13408011 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Providing essential employability skills development to defence community members and the local civilian community through activities and training at our community projects. Defence spouses are recognised as facing significant challenges to employment. By providing employability skills to this community, we are increasing future employment prospects. Providing opportunities at our community projects to decrease social isolation and improve health and wellbeing amongst the defence and local civilian communities. The defence community is recognised as facing significant problems with social isolation, physical and mental health and wellbeing. We provide opportunities for social interaction through events, volunteer days and directly going out into the community. Our outdoor site provides multiple opportunities for physical activity and gardening. Being outdoors is recognised as being incredibly beneficial for mental health. Providing employment and volunteering opportunities to the defence and local civilian communities. By providing employment we are supporting those furthest from the workforce with flexible employment during a cost-of-living crisis. By providing volunteering opportunities we are instilling a wide range of skills which can then be used to go on to further employment. By creating opportunities for both the defence and local civilian communities to work together we are breaking down barriers and creating a welcoming and supportive community with shared goal and vision.

Consultation with stakeholders

The Defence community.This encompasses our beneficiaries, our volunteers, our employees and our community. We interact regularly with the defence community, both local to our project in Catterick Garrison, UK wide and those stationed worldwide. All employees of e50K are also community members. Activities, events and training are all done with consultation with the defence community.

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
29 February 2024

And signed on behalf of the board by:
Name: Richard Dennis
Status: Director