GO THE DISTANCE (GTD) CIC

Company limited by guarantee

Company Registration Number:
11855805 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

GO THE DISTANCE (GTD) CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 61,393 31,050
Investments:   0 0
Total fixed assets: 61,393 31,050
Current assets
Stocks:   0 0
Debtors: 4 2,500 0
Cash at bank and in hand: 101,113 64,867
Investments:   0 0
Total current assets: 103,613 64,867
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 29,825 ) ( 27,168 )
Net current assets (liabilities): 73,788 37,699
Total assets less current liabilities: 135,181 68,749
Creditors: amounts falling due after more than one year: 6 ( 40,929 ) ( 41,798 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 94,252 26,951
Members' funds
Profit and loss account: 94,252 26,951
Total members' funds: 94,252 26,951

The notes form part of these financial statements

GO THE DISTANCE (GTD) CIC

Balance sheet statements

For the year ending 31 August 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 8 February 2024
and signed on behalf of the board by:

Name: Paul Lysaght
Status: Director

The notes form part of these financial statements

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Tangible fixed assets depreciation policy

    Plant & Machinery - 25% reducing balanceMotor Vehicles - 25% reducing balanceFixtures & Fittings - 25% reducing balanceComputer Equipment - 25% reducing balance

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 0 5,400 0 0 36,000 41,400
Additions 0 0 9,000 2,392 28,138 39,530
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 August 2023 0 5,400 9,000 2,392 64,138 80,930
Depreciation
At 1 September 2022 0 1,350 0 0 9,000 10,350
Charge for year 0 1,013 1,275 149 6,750 9,187
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 August 2023 0 2,363 1,275 149 15,750 19,537
Net book value
At 31 August 2023 0 3,037 7,725 2,243 48,388 61,393
At 31 August 2022 0 4,050 0 0 27,000 31,050

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,500 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 2,500 0

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 4,606 19,488
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 2,135 6,370
Accruals and deferred income 0 1,310
Other creditors 23,084 0
Total 29,825 27,168

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

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

2023 2022
£ £
Bank loans and overdrafts 10,730 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 30,199 41,798
Total 40,929 41,798

COMMUNITY INTEREST ANNUAL REPORT

GO THE DISTANCE (GTD) CIC

Company Number: 11855805 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Working with vulnerable young people in four areas: mental health, sport, education and employment matters.

Consultation with stakeholders

Consultation took place and it was decided no actions needed to be taken.

Directors' remuneration

The total amount paid to directors in respect of qualifying services was £41,253.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 February 2024

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