HIGH ACHIEVERS LAB C.I.C.

Company limited by guarantee

Company Registration Number:
13878492 (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

HIGH ACHIEVERS LAB C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HIGH ACHIEVERS LAB C.I.C.

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 directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Bruce Ndala
Philimon Owusu-Danso


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
16 October 2024

And signed on behalf of the board by:
Name: Bruce Ndala
Status: Director

HIGH ACHIEVERS LAB C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 18,736 9,746
Total current assets: 18,736 9,746
Creditors: amounts falling due within one year: 3 ( 17,197 ) ( 9,144 )
Net current assets (liabilities): 1,539 602
Total assets less current liabilities: 1,539 602
Accruals and deferred income: ( 958 ) ( 479 )
Total net assets (liabilities): 581 123
Members' funds
Profit and loss account: 581 123
Total members' funds: 581 123

The notes form part of these financial statements

HIGH ACHIEVERS LAB C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Bruce Ndala
Status: Director

The notes form part of these financial statements

HIGH ACHIEVERS LAB C.I.C.

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

HIGH ACHIEVERS LAB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 0

HIGH ACHIEVERS LAB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 17,197 9,144
Total 17,197 9,144

COMMUNITY INTEREST ANNUAL REPORT

HIGH ACHIEVERS LAB C.I.C.

Company Number: 13878492 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. In the past financial year, High Achievers Lab has remained committed to its mission of empowering the Brixton community through purpose-driven fitness initiatives. Our core activities have revolved around not only promoting physical health but also fostering positive social impact and holistic well-being. Our primary activities include offering a wide range of fitness programs and classes designed to cater to the diverse needs and preferences of our members. These programs encompass various fitness disciplines, from strength training and cardio workouts to initiation sessions. By providing a comprehensive suite of fitness options, we aim to make wellness accessible and enjoyable for individuals of all backgrounds and fitness levels. What sets High Achievers Lab apart is our unwavering dedication to community empowerment. Through our innovative business model, where member subscriptions directly contribute to funding free fitness classes for local young people, we have been able to make a tangible and lasting difference in the lives of the youth in our community. These free classes serve as a platform for nurturing resilience, confidence, and empowerment among the younger generation, enabling them to face life's challenges head-on

Consultation with stakeholders

In line with our commitment to inclusive and collaborative practices, High Achievers Lab recognizes the significance of engaging with our stakeholders to shape our services and drive meaningful impact. Our stakeholders encompass a diverse group, including our valued members, beneficiaries, strategic partners, and the wider community we serve. Stakeholder Consultation Methods: Surveys and Questionnaires: We proactively conducted two comprehensive surveys, carefully designed to capture a spectrum of stakeholder opinions. These surveys delved into important topics such as training session preferences, satisfaction levels, brand perception, and specific areas for improvement. Direct Engagement: We fostered direct interactions with stakeholders through personalized outreach, including individual conversations. These interactions allowed us to address immediate queries, gather real-time feedback, and foster a strong sense of engagement. Actions Taken in Response to Feedback: Tailored Training Sessions: Stakeholder preferences for specific training session types have inspired us to curate a diversified weekly schedule, ensuring that our offerings align with the diverse needs and preferences of our members. Optimised Session Timings: Valuable feedback on preferred training session timings has guided us in scheduling sessions at times that best suit our stakeholders' lifestyles. Enhanced Social Responsibility: Stakeholder emphasis on our social approach has reinforced our commitment to community impact. We have deepened our efforts to reach and positively influence young people. Brand Perception and Name: The positive brand rating provided by stakeholders have encouraged us to continue building upon our brand identity and maintaining the strong brand name recognition of High Achievers Lab but also encourages us to change our logo to make it more appealing to young people. Service Refinements: Stakeholder feedback regarding areas for improvement has prompted us to focus on enhancing facility features, and overall member support services. Value for Money: Insights into stakeholder perceptions of value for money has driven us to continuously assess and optimize the quality and affordability of our services. Member Experience: Feedback on the aspects that stakeholders find lacking has inspired us to develop a more comprehensive and holistic member experience that addresses these gaps. Community Building: Recognising the importance of fostering a sense of community, we are focusing on creating more opportunities for networking, collaboration, and mutual support among our stakeholders. Our commitment to stakeholder engagement is unwavering, as we understand that their perspectives and needs guide our growth journey.

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
16 October 2024

And signed on behalf of the board by:
Name: Bruce Ndala
Status: Director