2-STEP COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
13742088 (England and Wales)

Unaudited statutory accounts for the year ended 29 November 2023

Period of accounts

Start date: 1 December 2022

End date: 29 November 2023

2-STEP COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 29 November 2023

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

2-STEP COLLECTIVE CIC

Directors' report period ended 29 November 2023

The directors present their report with the financial statements of the company for the period ended 29 November 2023

Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 29 November 2023

N M I Freeman
R A May
C Wayland


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
21 November 2024

And signed on behalf of the board by:
Name: N M I Freeman
Status: Director

2-STEP COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 29 November 2023

2023 13 months to 30 November 2022


£

£
Turnover: 31,084 14,385
Cost of sales: ( 24,176 ) ( 9,955 )
Gross profit(or loss): 6,908 4,430
Administrative expenses: ( 3,585 ) ( 1,154 )
Operating profit(or loss): 3,323 3,276
Profit(or loss) before tax: 3,323 3,276
Tax: ( 760 ) ( 96 )
Profit(or loss) for the financial year: 2,563 3,180

2-STEP COLLECTIVE CIC

Balance sheet

As at 29 November 2023

Notes 2023 13 months to 30 November 2022


£

£
Fixed assets
Tangible assets: 3 1,580 2,258
Total fixed assets: 1,580 2,258
Current assets
Cash at bank and in hand: 6,003 1,499
Total current assets: 6,003 1,499
Creditors: amounts falling due within one year: 4 ( 1,840 ) ( 577 )
Net current assets (liabilities): 4,163 922
Total assets less current liabilities: 5,743 3,180
Total net assets (liabilities): 5,743 3,180
Members' funds
Profit and loss account: 5,743 3,180
Total members' funds: 5,743 3,180

The notes form part of these financial statements

2-STEP COLLECTIVE CIC

Balance sheet statements

For the year ending 29 November 2023 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 21 November 2024
and signed on behalf of the board by:

Name: N M I Freeman
Status: Director

The notes form part of these financial statements

2-STEP COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 29 November 2023

  • 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 25% on cost

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2-STEP COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 29 November 2023

  • 2. Employees

    2023 13 months to 30 November 2022
    Average number of employees during the period 0 0

2-STEP COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 29 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 2,709 2,709
Additions
Disposals
Revaluations
Transfers
At 29 November 2023 2,709 2,709
Depreciation
At 1 December 2022 451 451
Charge for year 678 678
On disposals
Other adjustments
At 29 November 2023 1,129 1,129
Net book value
At 29 November 2023 1,580 1,580
At 30 November 2022 2,258 2,258

2-STEP COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 29 November 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 30 November 2022
£ £
Trade creditors 480 0
Taxation and social security 856 96
Accruals and deferred income 504 481
Total 1,840 577

COMMUNITY INTEREST ANNUAL REPORT

2-STEP COLLECTIVE CIC

Company Number: 13742088 (England and Wales)

Year Ending: 29 November 2023

Company activities and impact

2 Step Collective continues as a diverse running community that uses running as a vehicle to improve participants physical and well being

Consultation with stakeholders

The only stakeholders in the company are the two Directors Robert May and Nadeem Freeman

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
21 November 2024

And signed on behalf of the board by:
Name: Nadeem Freeman
Status: Director