GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11230591 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The company's principal activity during the year continued to be Social work and support services.

Company policy on disabled employees

Our policy is to create an inclusive and supportive working environment where all staff with a disability or long term health condition feel valued and can reach their full potential.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

RASHEED ADETOKUNBO ADESANYA


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
15 November 2024

And signed on behalf of the board by:
Name: RASHEED ADETOKUNBO ADESANYA
Status: Director

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 10,898 4,796
Cost of sales: ( 2,697 ) ( 1,864 )
Gross profit(or loss): 8,201 2,932
Administrative expenses: ( 8,687 ) ( 3,213 )
Operating profit(or loss): (486) (281)
Profit(or loss) before tax: (486) (281)
Profit(or loss) for the financial year: (486) (281)

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 629 164
Total fixed assets: 629 164
Current assets
Cash at bank and in hand: 102 15
Total current assets: 102 15
Creditors: amounts falling due within one year: 4 ( 2,601 ) ( 1,563 )
Net current assets (liabilities): (2,499) (1,548)
Total assets less current liabilities: (1,870) ( 1,384)
Total net assets (liabilities): (1,870) (1,384)
Members' funds
Profit and loss account: (1,870) ( 1,384)
Total members' funds: ( 1,870) (1,384)

The notes form part of these financial statements

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 28 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 15 November 2024
and signed on behalf of the board by:

Name: RASHEED ADETOKUNBO ADESANYA
Status: Director

The notes form part of these financial statements

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 207 589 796
Additions 650 650
Disposals
Revaluations
Transfers
At 28 February 2024 207 1,239 1,446
Depreciation
At 1 March 2023 164 468 632
Charge for year 20 165 185
On disposals
Other adjustments
At 28 February 2024 184 633 817
Net book value
At 28 February 2024 23 606 629
At 28 February 2023 43 121 164

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 2,601 1,563
Total 2,601 1,563

COMMUNITY INTEREST ANNUAL REPORT

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY

Company Number: 11230591 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

GROWING SEED ENTERPRISES COMMUNITY INTEREST COMPANY HAS STARTED PROVIDING SOCIAL CARE AND SUPPORT TO HOMELESS PEOPLE IN UNITED KINGDOM IN THE CURRENT FINANCIAL YEAR. THIS INCLUDE PROVIDING INFORMATION, ADVICE AND GUIDANCE WHICH HAS ASSISTED THEM TO INTEGRATE BACK INTO THE COMMUNITY

Consultation with stakeholders

THE STAKEHOLDERS ARE BOROUGH OF KENT, HOMELESS PEOPLE AND THEIR FAMILIES REGULAR MONTHLY MEETINGS/BRIEFINGS ARE HELD FOR CONSULTATION. THERE ARE INFORMAL MEETINGS TO DEAL WITH URGENT MATTERS OR EMERGENCIES

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
15 November 2024

And signed on behalf of the board by:
Name: RASHEED ADETOKUNBO ADESANYA
Status: Director