LET'S ALL EAT C.I.C.

Company limited by guarantee

Company Registration Number:
09672894 (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

LET'S ALL EAT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

LET'S ALL EAT C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 52,347 25,821
Cost of sales: ( 30,337 ) ( 12,036 )
Gross profit(or loss): 22,010 13,785
Administrative expenses: ( 22,010 ) ( 13,377 )
Operating profit(or loss): 0 408
Profit(or loss) before tax: 0 408
Profit(or loss) for the financial year: 0 408

LET'S ALL EAT C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 304 608
Total fixed assets: 304 608
Current assets
Cash at bank and in hand: 20,541 26,537
Total current assets: 20,541 26,537
Creditors: amounts falling due within one year: 4 ( 18,231 ) ( 24,531 )
Net current assets (liabilities): 2,310 2,006
Total assets less current liabilities: 2,614 2,614
Total net assets (liabilities): 2,614 2,614
Members' funds
Profit and loss account: 2,614 2,614
Total members' funds: 2,614 2,614

The notes form part of these financial statements

LET'S ALL EAT C.I.C.

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 22 September 2024
and signed on behalf of the board by:

Name: Mr Simon Martin
Status: Director

The notes form part of these financial statements

LET'S ALL EAT C.I.C.

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

    1.2 Turnover 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. 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 signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    1.3 Tangible fixed assets Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery etc - 25% reducing balance

    Other accounting policies

    1.4. 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 year 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 asset reflects 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.

LET'S ALL EAT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

LET'S ALL EAT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,781 1,781
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,781 1,781
Depreciation
At 1 January 2023 1,173 1,173
Charge for year 304 304
On disposals
Other adjustments
At 31 December 2023 1,477 1,477
Net book value
At 31 December 2023 304 304
At 31 December 2022 608 608

LET'S ALL EAT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 18,231 24,531
Total 18,231 24,531

COMMUNITY INTEREST ANNUAL REPORT

LET'S ALL EAT C.I.C.

Company Number: 09672894 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company was formed to act as a social enterprise providing catering training and to utilise supermarket surplus food to create meals for the local community. The impact of the company has been that some disenfranchised members of the local community have been able to meet and socialise and to enjoy a cooked meal that they might otherwise not have.

Consultation with stakeholders

The company stakeholders are Ashfield District Council, Academy Transformation Trust Further Education (Sutton Centre) and the local community and a full consultation was undertaken before the company was formed and continues on an ongoing basis.

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 September 2024

And signed on behalf of the board by:
Name: SIMON MARTIN
Status: Director