MUMSALOUD INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
12414528 (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

MUMSALOUD INITIATIVE CIC

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

MUMSALOUD INITIATIVE CIC

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

Principal activities of the company

The company's principle activity during the year was that of charitable services.



Directors

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

Austine Aienakho Imoukhuede


The director shown below has held office during the period of
1 February 2023 to 18 January 2024

Oluseyi Oyedeji


The director shown below has held office during the period of
1 February 2023 to 12 January 2024

Oludotun Ogunjinrin


The director shown below has held office during the period of
19 January 2024 to 31 January 2024

Olive Bola-Arotiowa


The director shown below has held office during the period of
15 January 2024 to 31 January 2024

Femi Adeyemi


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
15 October 2024

And signed on behalf of the board by:
Name: Austine Aienakho Imoukhuede
Status: Director

MUMSALOUD INITIATIVE CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 1,356 8,410
Cost of sales: ( 10 ) 0
Gross profit(or loss): 1,346 8,410
Administrative expenses: ( 5,159 ) ( 9,397 )
Operating profit(or loss): (3,813) (987)
Interest payable and similar charges: ( 753 ) ( 976 )
Profit(or loss) before tax: (4,566) (1,963)
Tax: 100
Profit(or loss) for the financial year: (4,566) (1,863)

MUMSALOUD INITIATIVE CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 10,593 24,776
Cash at bank and in hand: 57 2
Total current assets: 10,650 24,778
Creditors: amounts falling due within one year: 4 ( 23,967 ) ( 10,689 )
Net current assets (liabilities): (13,317) 14,089
Total assets less current liabilities: (13,317) 14,089
Creditors: amounts falling due after more than one year: 5 0 ( 22,840 )
Total net assets (liabilities): (13,317) (8,751)
Members' funds
Profit and loss account: (13,317) ( 8,751)
Total members' funds: ( 13,317) (8,751)

The notes form part of these financial statements

MUMSALOUD INITIATIVE CIC

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 15 October 2024
and signed on behalf of the board by:

Name: Austine Aienakho Imoukhuede
Status: Director

The notes form part of these financial statements

MUMSALOUD INITIATIVE CIC

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

MUMSALOUD INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

MUMSALOUD INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Trade debtors 194 24,776
Other debtors 10,399 0
Total 10,593 24,776

MUMSALOUD INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 22,898 9,789
Trade creditors 1,069 900
Total 23,967 10,689

MUMSALOUD INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 22,840
Total 0 22,840

COMMUNITY INTEREST ANNUAL REPORT

MUMSALOUD INITIATIVE CIC

Company Number: 12414528 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Provide charitable services within the community.

Consultation with stakeholders

No consultation with stakeholders

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
15 October 2024

And signed on behalf of the board by:
Name: Austine A Imoukhuede
Status: Director