I LIKE NETWORKING CIC

Company limited by guarantee

Company Registration Number:
13128258 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

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Contents of the Financial Statements

for the Period Ended 31 January 2024

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

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Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Isabel Passos Sachs


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 October 2024

And signed on behalf of the board by:
Name: Isabel Passos Sachs
Status: Director

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Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 54,070 57,289
Cost of sales: ( 15,840 ) ( 18,476 )
Gross profit(or loss): 38,230 38,813
Administrative expenses: ( 36,803 ) ( 47,731 )
Other operating income: 18,953
Operating profit(or loss): 1,427 10,035
Profit(or loss) before tax: 1,427 10,035
Tax: ( 214 ) ( 2,953 )
Profit(or loss) for the financial year: 1,213 7,082

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Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 295 0
Total fixed assets: 295 0
Current assets
Debtors: 4 482 2,370
Cash at bank and in hand: 17,261 15,805
Total current assets: 17,743 18,175
Creditors: amounts falling due within one year: 5 ( 1,032 ) ( 2,382 )
Net current assets (liabilities): 16,711 15,793
Total assets less current liabilities: 17,006 15,793
Total net assets (liabilities): 17,006 15,793
Members' funds
Profit and loss account: 17,006 15,793
Total members' funds: 17,006 15,793

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 January 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 2 October 2024
and signed on behalf of the board by:

Name: Isabel Passos Sachs
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 January 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment: 25% straight line method

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Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 2

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Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 0 0
Additions 394 394
Disposals
Revaluations
Transfers
At 31 January 2024 394 394
Depreciation
At 1 February 2023 0 0
Charge for year 99 99
On disposals
Other adjustments
At 31 January 2024 99 99
Net book value
At 31 January 2024 295 295
At 31 January 2023 0 0

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Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 482 2,370
Total 482 2,370

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Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 672 2,382
Accruals and deferred income 360 0
Total 1,032 2,382

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 13128258 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

I LIKE NETWORKING (ILN) is a leading career platform for women and non-binary individuals in the creative industries. From February 2023 to January 2024, ILN has made significant strides in providing networking opportunities, resources, and mentorship for underrepresented groups Key Activities: Peckham Rise Programme (ended in Aug 2023) - Partnered with MARKET to support 20 underrepresented entrepreneurs in Creative & Tech industries. - Delivered 8 targeted workshops on business, marketing, pitching, and funding. - Facilitated 1:1 mentorship matching and coworking access. - Hosted an IRL networking event to foster collaboration. Free Networking and Mentoring Sessions - Delivered free online networking events and speed mentoring sessions, benefiting 100 people monthly. Community Growth and Newsletter Expansion - Moved from Mailchimp to Substack in January 2024, resulting in rapid subscriber growth, reaching 6k+ by the end of January. - Curated and shared 10+ essential opportunities per week, offering 100+ opportunities monthly to the community. all free, Online community grew to over 40k+ Scaling Mentorship Efforts - Researched ways to expand mentoring opportunities and applied for funding to launch the next round of mentoring schemes, allowing us to impact more mentees. Impact - 85% of Peckham Rise cohort were women or non-binary, 65% BAME, and 70% from lower socio-economic backgrounds. - 100% of participants stated that the programme helped them achieve their business and personal goals. - 100+ individuals benefited monthly from free networking and mentoring events, strengthening our commitment to accessibility. - 6k+ subscribers gained via Substack, reflecting significant growth in community reach. Success Stories: Sarah from Design Gals grew her business from an idea into a full-time operation, securing clients directly through the programme. Claire from Petrichor Projects doubled product sales within six months. Nicole from Wellekin refined services, helping her digital marketing agency thrive. ILN’s efforts have delivered powerful outcomes, fostering inclusivity, business growth, and personal development for women and non-binary individuals in the creative industries.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £24,500. 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
2 October 2024

And signed on behalf of the board by:
Name: Isabel Sachs
Status: Director