EXCEL IN LIFE CIC

Company limited by guarantee

Company Registration Number:
08274718 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

EXCEL IN LIFE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

EXCEL IN LIFE CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 171,471 161,534
Cost of sales: ( 1,641 ) ( 1,133 )
Gross profit(or loss): 169,830 160,401
Administrative expenses: ( 168,336 ) ( 162,036 )
Operating profit(or loss): 1,494 (1,635)
Interest payable and similar charges: ( 72 )
Profit(or loss) before tax: 1,422 (1,635)
Profit(or loss) for the financial year: 1,422 (1,635)

EXCEL IN LIFE CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,095 1,460
Total fixed assets: 1,095 1,460
Current assets
Debtors: 4 13,966 20,000
Cash at bank and in hand: 9,352 2,731
Total current assets: 23,318 22,731
Creditors: amounts falling due within one year: 5 ( 4,334 ) ( 5,534 )
Net current assets (liabilities): 18,984 17,197
Total assets less current liabilities: 20,079 18,657
Total net assets (liabilities): 20,079 18,657
Members' funds
Profit and loss account: 20,079 18,657
Total members' funds: 20,079 18,657

The notes form part of these financial statements

EXCEL IN LIFE CIC

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Julie Whalley
Status: Director

The notes form part of these financial statements

EXCEL IN LIFE CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

EXCEL IN LIFE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 7

EXCEL IN LIFE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 6,508 6,508
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 6,508 6,508
Depreciation
At 1 November 2022 5,048 5,048
Charge for year 365 365
On disposals
Other adjustments
At 31 October 2023 5,413 5,413
Net book value
At 31 October 2023 1,095 1,095
At 31 October 2022 1,460 1,460

EXCEL IN LIFE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 9,615 14,895
Prepayments and accrued income 4,351 5,105
Total 13,966 20,000

EXCEL IN LIFE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,334 5,534
Total 4,334 5,534

COMMUNITY INTEREST ANNUAL REPORT

EXCEL IN LIFE CIC

Company Number: 08274718 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

We continue to serve the community by supporting our service users with additional needs via social service referrals. We continue to support students from local schools who need an alternative provision to school or as an addition to their school curriculum. We offer local schools the chance for their students to complete their work experience at Excel in life CIC. We invite people from the community to have free pamper sessions and our service users perform the treatments such as hair makeovers, facials, nail treatments, alongside serving them beverages from our bistro. We continue to offer a variety of engaging activities to help our service users enhance their skills and support them with gaining a work placement or a job. They can work towards the ASDAN Hair and Beauty Vocational programme and the Personal Development Programmes – Bronze, Silver and Gold. We support our service users within the community when we visit places of interest and when they are doing their work placement in the place of their choice.We ensure that all our service users have a fulfilled time with Excel in life CIC and they feel valued and part of the community.

Consultation with stakeholders

Regular reports are submitted throughout the year to Wigan Council and the local schools.Regular verbal and written updates are given to parents and carers of our clients.Team meetings are held to update staff on new and revised policies and procedures.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 July 2024

And signed on behalf of the board by:
Name: Julie Whalley
Status: Director