AMBITION UNLIMITED CIC

Company limited by guarantee

Company Registration Number:
11950008 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2023

Period of accounts

Start date: 1 May 2022

End date: 29 March 2023

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Contents of the Financial Statements

for the Period Ended 29 March 2023

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

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Directors' report period ended 29 March 2023

The directors present their report with the financial statements of the company for the period ended 29 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 29 March 2023

Miss S L Ward
Mr G J Ward


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
23 April 2024

And signed on behalf of the board by:
Name: Miss S L Ward
Status: Director

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Profit And Loss Account

for the Period Ended 29 March 2023

11 months to 29 March 2023 2022


£

£
Turnover: 63,484 47,923
Gross profit(or loss): 63,484 47,923
Administrative expenses: ( 93,265 ) ( 46,981 )
Other operating income: 8,633 39,616
Operating profit(or loss): (21,148) 40,558
Interest receivable and similar income: 0
Interest payable and similar charges: ( 157 )
Profit(or loss) before tax: (21,148) 40,401
Tax: ( 1,811 )
Profit(or loss) for the financial year: (21,148) 38,590

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Balance sheet

As at 29 March 2023

Notes 11 months to 29 March 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,548 655
Total fixed assets: 1,548 655
Current assets
Debtors: 4 10,809 20,662
Cash at bank and in hand: 67,241 32,039
Total current assets: 78,050 52,701
Creditors: amounts falling due within one year: 5 ( 51,750 ) ( 4,360 )
Net current assets (liabilities): 26,300 48,341
Total assets less current liabilities: 27,848 48,996
Total net assets (liabilities): 27,848 48,996
Members' funds
Profit and loss account: 27,848 48,996
Total members' funds: 27,848 48,996

The notes form part of these financial statements

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Balance sheet statements

For the year ending 29 March 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 23 April 2024
and signed on behalf of the board by:

Name: Miss S L Ward
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 29 March 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, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor vehicles - 25% on reducing balance

    Other accounting policies

    Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 2. Employees

    11 months to 29 March 2023 2022
    Average number of employees during the period 2 1

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Notes to the Financial Statements

for the Period Ended 29 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 0 1,552 1,552
Additions 1,578 1,578
Disposals
Revaluations
Transfers
At 29 March 2023 1,578 1,552 3,130
Depreciation
At 1 May 2022 0 897 897
Charge for year 521 164 685
On disposals
Other adjustments
At 29 March 2023 521 1,061 1,582
Net book value
At 29 March 2023 1,057 491 1,548
At 30 April 2022 0 655 655

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Notes to the Financial Statements

for the Period Ended 29 March 2023

4. Debtors

11 months to 29 March 2023 2022
£ £
Trade debtors 10,809 13,550
Other debtors 7,112
Total 10,809 20,662

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Notes to the Financial Statements

for the Period Ended 29 March 2023

5. Creditors: amounts falling due within one year note

11 months to 29 March 2023 2022
£ £
Taxation and social security 10,828 1,811
Other creditors 40,922 2,549
Total 51,750 4,360

COMMUNITY INTEREST ANNUAL REPORT

AMBITION UNLIMITED CIC

Company Number: 11950008 (England and Wales)

Year Ending: 29 March 2023

Company activities and impact

The ambition programme works with young people In schools who are at risk of becoming disaffected, students who have disengaged from school, have poor attendance and exhibiting disruptive behaviour In school, home and the community. The programme helps these to participate In a range of visits and experiences tobroaden their horizons, raise their aspirations and prepare them for life after schooland the world of work.We work with the police, the courts and local employers to dothis. Results have shown that the students attendance has Improved steadily and there Is a marked reduction of disciplinary action. Working Ith several schools across South Yorkshire with students In years 8, 9 and 10 to raise aspirations and Increase attendance.Students have been on visits with employers, the police, the prison service to look at how their actions have consequences not only for them but for their family and wider community. We work with them on developing thelrskllls and building confidence so that they are better prepared for world of work

Consultation with stakeholders

There are two directors and we engage consultants who work alongside us. We have quarterly meetings to discuss issues and plan ahead. Also I work with a large Multi academy Trust comprising of many academies. Regular meetings take place every month with the directors of the Trust. In addition I report weekly to Sheffield Cith Council as they fund part of our programme. I have to give a written report detailing how the funds have been spent.

Directors' remuneration

The directors remuneration information is within the notes of the annual accounts. 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
23 April 2024

And signed on behalf of the board by:
Name: Miss S L Ward
Status: Director