7 SPHERES C.I.C.

Company limited by guarantee

Company Registration Number:
12936751 (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

7 SPHERES C.I.C.

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

7 SPHERES C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 126
Cost of sales: ( 9,959 ) ( 167 )
Gross profit(or loss): (9,833) (167)
Administrative expenses: ( 5,465 ) ( 40 )
Other operating income: 15,298
Operating profit(or loss): 0 (207)
Profit(or loss) before tax: 0 (207)
Profit(or loss) for the financial year: 0 (207)

7 SPHERES C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 9,424 1,789
Total current assets: 9,424 1,789
Creditors: amounts falling due within one year: 3 ( 12,291 ) ( 4,656 )
Net current assets (liabilities): (2,867) (2,867)
Total assets less current liabilities: (2,867) ( 2,867)
Total net assets (liabilities): (2,867) (2,867)
Members' funds
Profit and loss account: (2,867) ( 2,867)
Total members' funds: ( 2,867) (2,867)

The notes form part of these financial statements

7 SPHERES C.I.C.

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 31 July 2024
and signed on behalf of the board by:

Name: Rafika Ougad
Status: Director

The notes form part of these financial statements

7 SPHERES C.I.C.

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

    Other accounting policies

    Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful life of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 12,291 4,656
Total 12,291 4,656

COMMUNITY INTEREST ANNUAL REPORT

7 SPHERES C.I.C.

Company Number: 12936751 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

7 Spheres is focused on bringing communities together.The company runs events to benefit communities in London affected by poverty, social or digital isolation and housing inequality.7 Spheres runs activities for all ages, cultures and backgrounds in the hope to raise spirits within the community.During the financial year 2022 – 2023 Some of the activities which have benefited the community include:Organising chess for children of diverse backgrounds in the community, this allowed them to learn, a game based on critical thinking, and form bonds with other memeber's of the community, they may not have had the opportunity to do so otherwise.Organising events where women of diverse ages and backgrounds at risk of social isolation were able to come together in a safe environment, play volleyball and create new friendships preventing isolation.Organising a trip to the zoo for community members affected by poverty and housing inequality. This trip assisted in strengthening community ties between people of different cultures and backgrounds in the community, raising spirits and preventing isolation.Our local gatherings have utilised local foods shops and traders, this has helped in supporting the local economy and also building community ties by introducing the local community to local traders in their area.

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
31 July 2024

And signed on behalf of the board by:
Name: Rafika Ougad
Status: Director