EXCELLERATE BLACK FUTURES CIC

Company limited by guarantee

Company Registration Number:
13477238 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

EXCELLERATE BLACK FUTURES CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

EXCELLERATE BLACK FUTURES CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 0 12,000
Cost of sales: ( 4,352 ) ( 264 )
Gross profit(or loss): (4,352) 11,736
Administrative expenses: ( 1,905 ) ( 3,679 )
Operating profit(or loss): (6,257) 8,057
Profit(or loss) before tax: (6,257) 8,057
Tax: ( 1,320 )
Profit(or loss) for the financial year: (6,257) 6,737

EXCELLERATE BLACK FUTURES CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 1,251
Cash at bank and in hand: 880 8,357
Total current assets: 2,131 8,357
Creditors: amounts falling due within one year: 4 ( 1,460 ) ( 1,570 )
Net current assets (liabilities): 671 6,787
Total assets less current liabilities: 671 6,787
Total net assets (liabilities): 671 6,787
Members' funds
Profit and loss account: 671 6,787
Total members' funds: 671 6,787

The notes form part of these financial statements

EXCELLERATE BLACK FUTURES CIC

Balance sheet statements

For the year ending 30 June 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 24 October 2024
and signed on behalf of the board by:

Name: BAYO-YUSUF, Olubukunola
Status: Director

The notes form part of these financial statements

EXCELLERATE BLACK FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

EXCELLERATE BLACK FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

EXCELLERATE BLACK FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Other debtors 1,251
Total 1,251

EXCELLERATE BLACK FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,460 1,570
Total 1,460 1,570

COMMUNITY INTEREST ANNUAL REPORT

EXCELLERATE BLACK FUTURES CIC

Company Number: 13477238 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Educational support services

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
25 October 2024

And signed on behalf of the board by:
Name: BAYO-YUSUF, Olubukunola
Status: Director