TARGET DEVON CIC

Company limited by guarantee

Company Registration Number:
14207538 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

TARGET DEVON CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

TARGET DEVON CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 13 months to 31 July 2023


£

£
Turnover: 200,492 49,814
Cost of sales: ( 65,400 ) ( 43,001 )
Gross profit(or loss): 135,092 6,813
Administrative expenses: ( 484,798 ) ( 74,801 )
Operating profit(or loss): (349,706) (67,988)
Profit(or loss) before tax: (349,706) (67,988)
Profit(or loss) for the financial year: (349,706) (67,988)

TARGET DEVON CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Fixed assets
Tangible assets: 3 1,951 0
Total fixed assets: 1,951 0
Current assets
Cash at bank and in hand: 0 0
Total current assets: 0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 1,951 0
Creditors: amounts falling due after more than one year:   0
Total net assets (liabilities): 1,951 0
Members' funds
Profit and loss account: 1,951 0
Total members' funds: 1,951 0

The notes form part of these financial statements

TARGET DEVON CIC

Balance sheet statements

For the year ending 31 July 2024 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 22 August 2024
and signed on behalf of the board by:

Name: S Poyser
Status: Director

The notes form part of these financial statements

TARGET DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

TARGET DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 25 15

TARGET DEVON CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 0 0 0 0 0 0
Additions 0 1,951 0 0 1,951
Disposals
Revaluations
Transfers
At 31 July 2024 0 1,951 0 0 0 1,951
Depreciation
At 1 August 2023 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments
At 31 July 2024 0 0 0 0 0 0
Net book value
At 31 July 2024 0 1,951 0 0 0 1,951
At 31 July 2023 0 0 0 0 0 0

COMMUNITY INTEREST ANNUAL REPORT

TARGET DEVON CIC

Company Number: 14207538 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

By providing the support and training we aim to promote independent living to disadvantage people who often rely on benefits as a mean of income this will encourage vulnerable people to gain confidence to seek employment

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
22 August 2024

And signed on behalf of the board by:
Name: Sarah Poyser
Status: Director