ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Company Registration Number:
10697095 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Company Information

for the Period Ended 31 March 2024




Director: Abiola Okubanjo
Sheila Mayega
Opeyemi Olusoji Otudeko
Catherine Mayanja
Secretary: Catherine Mayanja
Registered office: 15 St Georges Avenue
St. Georges Avenue
Hornchurch
England
RM11 3PD
Company Registration Number: 10697095 (England and Wales)

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Directors' Report Period Ended 31 March 2024

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

Principal Activities

Infrastructure organisation supporting individuals & voluntary, community & social enterprise (VCSE) organisations to conceive, develop & deliver successful & sustainable social impact interventions for underrepresented & disadvantaged groups.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Abiola Okubanjo
Sheila Mayega
Opeyemi Olusoji Otudeko
Catherine Mayanja

Secretary
Catherine Mayanja

This report was approved by the board of directors on 6 September 2024
And Signed On Behalf Of The Board By:

Name: Catherine Mayanja
Status: Director

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 22,106 324
Cost of sales ( 16,136 ) ( 108 )
Gross surplus or (deficit) 5,970 216
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 5,133 ) ( 277 )
Operating surplus or (deficit) 837 ( 61 )
Surplus or (deficit) before tax 837 ( 61 )
Tax on surplus ( 0 ) ( 0 )
Surplus or (deficit) for the period 837 ( 61 )

The notes form part of these financial statements

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 214 285
Total fixed assets: 214 285
Current assets
Debtors: 5 324 324
Cash at bank and in hand: 2,630 1,722
Total current assets: 2,954 2,046
Prepayments and accrued income: 48,000 48,000
Creditors: amounts falling due within one year: 6 ( 1,408 ) ( 1,408 )
Net current assets (liabilities): 49,546 48,638
Total assets less current liabilities: 49,760 48,923
Creditors: amounts falling due after more than one year: 7 ( 52,369 ) ( 52,369 )
Total net assets (liabilities): ( 2,609 ) ( 3,446 )

The notes form part of these financial statements

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Reserves
Income and expenditure account ( 2,609 ) ( 3,446 )
Members funds ( 2,609 ) ( 3,446 )

For the year ending 31 March 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 6 September 2024
And Signed On Behalf Of The Board By:

Name: Catherine Mayanja
Status: Director

The notes form part of these financial statements

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 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

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 April 2023 433 433
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 March 2024 433 433
Depreciation
At 01 April 2023 148 148
Charge for year 71 71
On disposals - -
Other adjustments - -
At 31 March 2024 219 219
Net book value
At 31 March 2024 214 214
At 31 March 2023 285 285

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 324 324
Total 324 324

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,408 1,408
Total 1,408 1,408

ADVENTURES IN COMPASSIONATE COMMERCE

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 52,369 52,369
Total 52,369 52,369