THE ACS SOCIAL ENTERPRISE CIC

Company limited by guarantee

Company Registration Number:
13229818 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE ACS SOCIAL ENTERPRISE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

THE ACS SOCIAL ENTERPRISE CIC

Directors' report period ended 31 December 2023

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

Principal activities of the company

The company's principal activity was that of raising and generating funds, that can then be distributed to local community groups and organisations in Bradford & surrounding area.

Additional information

Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Elizabeth Stevenson
Martine Box
Leon Oakley


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
2 September 2024

And signed on behalf of the board by:
Name: Leon Oakley
Status: Director

THE ACS SOCIAL ENTERPRISE CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 18,411 15,642
Cost of sales: ( 5,231 ) ( 5,388 )
Gross profit(or loss): 13,180 10,254
Administrative expenses: ( 14,553 ) ( 9,391 )
Operating profit(or loss): (1,373) 863
Profit(or loss) before tax: (1,373) 863
Profit(or loss) for the financial year: (1,373) 863

THE ACS SOCIAL ENTERPRISE CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 30 500
Debtors: 4 664 568
Cash at bank and in hand: 2,846 3,845
Total current assets: 3,540 4,913
Net current assets (liabilities): 3,540 4,913
Total assets less current liabilities: 3,540 4,913
Total net assets (liabilities): 3,540 4,913
Members' funds
Profit and loss account: 3,540 4,913
Total members' funds: 3,540 4,913

The notes form part of these financial statements

THE ACS SOCIAL ENTERPRISE CIC

Balance sheet statements

For the year ending 31 December 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 2 September 2024
and signed on behalf of the board by:

Name: Leon Oakley
Status: Director

The notes form part of these financial statements

THE ACS SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the contributions received from donors. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has taken delivery of the goods.

    Other accounting policies

    Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

THE ACS SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THE ACS SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Stocks

2023 2022
£ £
Stocks 30 500
Total 30 500

THE ACS SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 664 568
Total 664 568

COMMUNITY INTEREST ANNUAL REPORT

THE ACS SOCIAL ENTERPRISE CIC

Company Number: 13229818 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

During the period the company generated funds which it distributed to charities and organisations which have a presence in the Bradford area as detailed below.

Consultation with stakeholders

The company stakeholders are charities and good causes local to the Bradford area. The company invites local charities and good causes to make an application for funds which are assessed and reviewed by the directors who decide what funds and financial assistance can be provided

Directors' remuneration

No remuneration was received

Transfer of assets

The company made the following payments to and on behalf of the following local charities and good causes during the period: The Memory Tree (Shipley Memories) 08257864 £250.00 Bradford Bulls Wheelchair Team 05056480 £250.00 Sue Ryder Manorlands 1052076 £4,100.00 The Clothing Bank 1198400 £8,451.60 Cancer Research UK 1089464 £200.00 Macmillan Cancer Support 261017 £300.00 Andy's Man Club 1179647 £100.00 Focus4hope 1192543 £500.00 TOTAL £14,152

This report was approved by the board of directors on
2 September 2024

And signed on behalf of the board by:
Name: Leon Oakley
Status: Director