AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
10244317 (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

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

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

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 38,205 101,192
Cost of sales: ( 11,162 ) ( 49,494 )
Gross profit(or loss): 27,043 51,698
Administrative expenses: ( 12,022 ) ( 79,543 )
Other operating income: 0 0
Operating profit(or loss): 15,021 (27,845)
Interest receivable and similar income: 44 48
Profit(or loss) before tax: 15,065 (27,797)
Tax: 0 0
Profit(or loss) for the financial year: 15,065 (27,797)

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,174 2,349
Total fixed assets: 1,174 2,349
Current assets
Debtors: 4 21,351 3,000
Cash at bank and in hand: 0 2,117
Total current assets: 21,351 5,117
Creditors: amounts falling due within one year: 5 ( 100 ) ( 100 )
Net current assets (liabilities): 21,251 5,017
Total assets less current liabilities: 22,425 7,366
Total net assets (liabilities): 22,425 7,366
Members' funds
Profit and loss account: 22,425 7,366
Total members' funds: 22,425 7,366

The notes form part of these financial statements

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

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 12 November 2024
and signed on behalf of the board by:

Name: Eunice Ball
Status: Director

The notes form part of these financial statements

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

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

    Turnover policy

    Turnover is recognised the the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied:- - the company has transferred the significant risks and rewards of ownership to the buyer; - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be reliably measured;- the company will probably receive the consideration due under the transaction; and- the costs incurred or to be incurred in respect of the transaction can be reliably measured. Rendering services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of the turmover can be reliably measured;- it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be reliably measured.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment Straight line over 4 years

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

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

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 4,699 4,699
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 June 2024 4,699 4,699
Depreciation
At 1 July 2023 2,350 2,350
Charge for year 1,175 1,175
On disposals 0 0
Other adjustments 0 0
At 30 June 2024 3,525 3,525
Net book value
At 30 June 2024 1,174 1,174
At 30 June 2023 2,349 2,349

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 21,351 3,000
Total 21,351 3,000

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 100 100
Total 100 100

COMMUNITY INTEREST ANNUAL REPORT

AFRICA TECHNOLOGY BUSINESS NETWORK C.I.C.

Company Number: 10244317 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Established in 2016, Africa Technology Business Network is a community interest company that aims to contribute to sustainable development in Africa through technology and innovation. In particular, our work focuses on enabling innovation and technology to advance progress towards achieving SDG 5 – Gender equality, and SDG 8 – Decent work and Economic growth, by providing tailored research, events and consultancy to the digital sector stakeholders including entrepreneurs, Digital Innovation Hub (DIH) leaders, researchers and policymakers.

Consultation with stakeholders

For the AfriConEu project, our key stakeholders are Digital innovation hub leaders, entrepreneurs and policymakers in 4 African countries (Ghana, Nigeria, Tanzania, and Uganda). We consulted with DIHs through the webinars we organised. These insights have been shared with other members of the AfriConEu consortium and have fed into the design of networking and capacity programmes that will be delivered through the project over the next two years of the project.

Directors' remuneration

£5,400 – Eunice Ball “There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed”

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 November 2024

And signed on behalf of the board by:
Name: Eunice Ball
Status: Director