JG NEXT GENERATION CIC

Company limited by guarantee

Company Registration Number:
12288380 (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

JG NEXT GENERATION CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

JG NEXT GENERATION CIC

Directors' report period ended 31 October 2023

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

Directors

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

Mark Turner
Amy Elizabeth Gill
Jordan Baljit Singh Gill
David Anthony Coldwell


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
30 July 2024

And signed on behalf of the board by:
Name: Mark Turner
Status: Director

JG NEXT GENERATION CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 40,190 22,822
Cost of sales: ( 4,240 ) 0
Gross profit(or loss): 35,950 22,822
Administrative expenses: ( 30,503 ) ( 19,026 )
Operating profit(or loss): 5,447 3,796
Profit(or loss) before tax: 5,447 3,796
Tax: 608 ( 721 )
Profit(or loss) for the financial year: 6,055 3,075

JG NEXT GENERATION CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 8,655 0
Total fixed assets: 8,655 0
Current assets
Debtors: 4 608
Cash at bank and in hand: 8,159 15,979
Total current assets: 8,767 15,979
Creditors: amounts falling due within one year: 5 ( 8,065 ) ( 12,677 )
Net current assets (liabilities): 702 3,302
Total assets less current liabilities: 9,357 3,302
Total net assets (liabilities): 9,357 3,302
Members' funds
Profit and loss account: 9,357 3,302
Total members' funds: 9,357 3,302

The notes form part of these financial statements

JG NEXT GENERATION 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: Mark Turner
Status: Director

The notes form part of these financial statements

JG NEXT GENERATION 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 20% Straight LineMotor vehicles 20% Straight Line

JG NEXT GENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

JG NEXT GENERATION 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 0 0 0
Additions 5,166 8,800 13,966
Disposals ( 4,900 ) ( 4,900 )
Revaluations
Transfers
At 31 October 2023 5,166 3,900 9,066
Depreciation
At 1 November 2022 0 0 0
Charge for year 86 448 534
On disposals ( 123 ) ( 123 )
Other adjustments
At 31 October 2023 86 325 411
Net book value
At 31 October 2023 5,080 3,575 8,655
At 31 October 2022 0 0 0

JG NEXT GENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 608
Total 608

JG NEXT GENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,000
Trade creditors 1,167
Taxation and social security 146 423
Accruals and deferred income 2,850 11,087
Other creditors 69
Total 8,065 12,677

COMMUNITY INTEREST ANNUAL REPORT

JG NEXT GENERATION CIC

Company Number: 12288380 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

JG Next Generation CIC has had another successful year further consolidating our position in the market and local community. Our reputation and brand continues to grow and we are hopeful we can continue to strive forward and grow the business.The activities this year have included: Older People Isolation ProjectHoliday Activity FundSchool Camps Mentoring project in a local school Motivational and inspirational talks with colleges and educational establishmentsNon contact boxing sessions in the local communityWorking with the local Youth Offending teams to offer referral servicesWorking with the local Social Mobility team to run events for young people with life skills.Working with ParkinsonsResidents and in particular young people have benefited from the activities. This has had a positive impact on physical and emotional well-being. The work has also had a positive impact on the local community, giving young people something to do.

Consultation with stakeholders

We have consulted with stakeholders including:ResidentsYoung peopleSchoolsLocal authorityNHSWe have consulted using different mediums, including questionnaires and feedback forms but also via working with local groups as sounding board.

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
30 July 2024

And signed on behalf of the board by:
Name: Mark Turner
Status: Director