TIGHT LINES COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14222471 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 8 July 2022

End date: 31 July 2023

TIGHT LINES COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

TIGHT LINES COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

13 months to 31 July 2023


£
Turnover: 4,320
Cost of sales: ( 1,344 )
Gross profit(or loss): 2,976
Administrative expenses: ( 1,305 )
Operating profit(or loss): 1,671
Profit(or loss) before tax: 1,671
Tax: ( 317 )
Profit(or loss) for the financial year: 1,354

TIGHT LINES COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 13 months to 31 July 2023


£
Current assets
Cash at bank and in hand: 1,671
Total current assets: 1,671
Creditors: amounts falling due within one year: 3 ( 317 )
Net current assets (liabilities): 1,354
Total assets less current liabilities: 1,354
Total net assets (liabilities): 1,354
Members' funds
Profit and loss account: 1,354
Total members' funds: 1,354

The notes form part of these financial statements

TIGHT LINES COMMUNITY INTEREST COMPANY

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 28 February 2024
and signed on behalf of the board by:

Name: Justin Keight
Status: Director

The notes form part of these financial statements

TIGHT LINES COMMUNITY INTEREST COMPANY

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added 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 the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of 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 to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.GrantsGrants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

TIGHT LINES COMMUNITY INTEREST COMPANY

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 2

TIGHT LINES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

13 months to 31 July 2023
£
Taxation and social security 317
Total 317

COMMUNITY INTEREST ANNUAL REPORT

TIGHT LINES COMMUNITY INTEREST COMPANY

Company Number: 14222471 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Tight Lines CIC, committed to promoting wellness through angling, has made a significant impact on the community since its formation: Facilitated outdoor activities, with 30–50 attendees per event, promoted physical and mental well-being among participants while reducing social isolation and loneliness, particularly among older individuals. Provided access to angling equipment and expertise, fostering skill development and confidence among participants. Supported the local economy by sourcing bait, tackle, and refreshments from nearby businesses, contributing to the community's economic growth. Created volunteer opportunities and work experience, including coaching and administrative roles within the organisation. Established partnerships with local authorities and organisations such as Devon & Cornwall Police, the NHS, and social prescribers, enhancing community engagement and support networks. Promoted environmental awareness and sustainable fishing practices through educational workshops and initiatives, contributing to a greener and more sustainable community. Organised well-attended monthly talks at Wendron Football Club, featuring speakers from the wellness and angling industries, fostering knowledge sharing and community collaboration. Collaborated with local businesses such as Falmouth Harbour, Falmouth/Exeter, and Plymouth University, strengthening community ties and support networks. In addition, Tight Lines CIC has worked closely with local schools in Helston and Truro, supporting children who are struggling to fit into the school system due to social issues, exclusion, and other challenges. Through these initiatives, Tight Lines CIC has played a crucial role in promoting well-being, inclusivity, and community cohesion, making a positive difference in the lives of individuals and families across the region.

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
28 February 2024

And signed on behalf of the board by:
Name: Justin Keight
Status: Director