for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Company policy on disabled employees
Additional information
To ensure there is more involvement of single men and their children thereby supporting equality, diversity and inclusion. To also ensure more women are supported with menstrual hygiene and sanitary pads.
Directors
The director shown below has held office during the whole of the period from
1 April 2023
to
31 March 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
(
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(
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
( |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
( |
( |
Tax: |
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: | 4 |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
(
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(
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Provision for liabilities: |
(
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(
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Accruals and deferred income: |
(
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(
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Valuation information and policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
During the current financial year, the company made investments in fixed assets, to support the ongoing operational efficiency and technological upgrades especially in remote areas with single parents. These investments are expected to generate future economic benefits and improve overall productivity. The company plans to continue its investment in fixed assets in the coming years, with a focus on enhancing operational capabilities and maintaining more interactions with single parents.
for the Period Ended 31 March 2024
From the previous financial year to the current year, the company's investments classified under current assets consists of the following Cash in bank £26 as other expenses came from personal investments and contributions.
for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Other creditors |
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Total |
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GAP INTERNATIONAL CIC has been in existence for over three years. Its main objective include providing support to young single parents, their children and other deprived members of the community. The support typically ranges from emotional, psychological and financial to other support areas as required by the community. GAP International continues to work tirelessly to identify these target groups within the community and to ensure they are able to benefit from the varied support available. In addition to the support highlighted above, GAP International has also strengthened its social intervention efforts by providing maternal advice, mental health and well-being referrals to new mothers as well as providing seminars and workshops to educate the wider community. GAP International has also provided support to an orphan by providing him with a barbers shop in order to make his job easier and more professional.
GAP International's key stakeholders include single mothers, new parents and their children. It also includes deprived individuals across Birmingham and the West Midlands at large. Other stakeholders include key partners and employees of GAP International. We are committed to further consulting with our stakeholders and where required acting in response to feedback from the wider community. An example of such consultation was when GAP International supported a young widow who is also a stroke survivor pay off her rent in Derby when she was a student. GAP International continued to offer support to her until she was able to fend for herself.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 August 2024
And signed on behalf of the board by:
Name: DR GEORGE AMAKOR
Status: Director