SOCIAL TELECOMS C.I.C.

Company Registration Number:
07954912 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

SOCIAL TELECOMS C.I.C.

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

SOCIAL TELECOMS C.I.C.

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The principal activity of the company in the period under review was: Supply of IT and Telecoms Equipment and Services.

Political and charitable donations

Charitable donations of £1,419.17 were made during the year. No contributions to political organisations were made during the year.

Company policy on disabled employees

It is the company’s policy to give employment to disabled persons wherever practicable. The above report has been prepared in accordance with the provisions in part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 29 February 2024

John Clarke
Robert Lee


The director shown below has held office during the period of
28 November 2023 to 29 February 2024

Jay Battams


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
12 November 2024

And signed on behalf of the board by:
Name: Robert Lee
Status: Director

SOCIAL TELECOMS C.I.C.

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 3,498,641 3,218,758
Cost of sales: ( 2,525,128 ) ( 2,379,578 )
Gross profit(or loss): 973,513 839,180
Administrative expenses: ( 969,693 ) ( 828,966 )
Operating profit(or loss): 3,820 10,214
Profit(or loss) before tax: 3,820 10,214
Tax: ( 817 )
Profit(or loss) for the financial year: 3,003 10,214

SOCIAL TELECOMS C.I.C.

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 510,990 645,487
Cash at bank and in hand: 120,467 205,483
Total current assets: 631,457 850,970
Creditors: amounts falling due within one year: 4 ( 266,727 ) ( 493,330 )
Net current assets (liabilities): 364,730 357,640
Total assets less current liabilities: 364,730 357,640
Creditors: amounts falling due after more than one year: 5 ( 221,677 ) ( 221,762 )
Total net assets (liabilities): 143,053 135,878
Capital and reserves
Called up share capital: 1 1
Other reserves: 2,188 658
Profit and loss account: 140,864 135,219
Total Shareholders' funds: 143,053 135,878

The notes form part of these financial statements

SOCIAL TELECOMS C.I.C.

Balance sheet statements

For the year ending 29 February 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: Robert Lee
Status: Director

The notes form part of these financial statements

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 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

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided in order to write off each asset over its estimated useful life or 10 years whichever is the shorter.

    Valuation information and policy

    Stocks and works-in-progress are valued at the lower of cost and net realisable value. There were no works in progress at end of the period.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account over the period of the lease.

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 15 15

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 2023
£ £
Trade debtors 510,990 645,487
Total 510,990 645,487

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 208,434 382,328
Taxation and social security 58,293 111,002
Total 266,727 493,330

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 22,500 32,420
Other creditors 199,177 189,342
Total 221,677 221,762

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL TELECOMS C.I.C.

Company Number: 07954912 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

Community Hubs The community hubs that we have worked with over many years in partnership with Housing Plus continue to operate though our role in them has lessened over the year to primarily one of paid IT installation and support which is work we are grateful for. The cloud Trax Wi-Fi on the estate has continued to decline in use and would now require replacement to bring it to modern standards, as there are no plans to carry out this work it has been turned off. The internal Wi-Fi for use by customers and guests within Meole, Castlefields and Burton Square sites have been upgraded and are used regularly. Total contribution to the Community Hubs = £1726.40 Supported Social Enterprise, businesses and charities. We continue to support national and local organisations with free IT advice, discounted communications services and financial contributions to assist with costs. Shrewsbury Social Value Contributions Shropshire Supports Refugees IT infrastructure £1500.00 Shropshire Youth Association IT infrastructure £587.68 Supported Shawbury United girls football teams Under 8, Under 9 and Under 12 with socks, shorts and shirts. £1934.74 Sight Loss Shropshire, supporting the visually impaired £500.00 Diabetes UK Shrewsbury - donation £500.00 Make Space Arts a community-based arts organisation internet contribution £121.60 Total Shrewsbury: £6870.02 Rest of the UK Social Value Contributions Fairhive Homes – Donation and infrastructure contribution £3794.71 Nottingham Council – Kiosk for Community use £187.50 4 Front Project London, Community led youth project, internet contribution £151.20 Hereford Mind (Hereford) Contribution to telephony and Wifi costs £204.36 Social Bite (Edinburgh) Social Bite are a homeless charity based in Scotland we have been supporting their Edinburgh site over a number of years with an equipment install and ongoing internet costs. £334.92 The Bevy Pub (Brighton) Since December 2014 The Bevy is Brighton’s only community owned and run estate pub and was re-built, re-decorated and re-opened by an army of volunteers, The Bevy is a Community Benefit Society with over 700 shareholders and any money they make is reinvested in the local area. We have supported them for a number of years and have planned a network upgrade and 12 months internet contribution for next financial year. Total England, Scotland Wales: £11542.72

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Director received £30,000 as Salary

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: John Clarke
Status: Director