ASPECTS TOGETHER CIC

Company limited by guarantee

Company Registration Number:
14877583 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 18 May 2023

End date: 31 May 2024

ASPECTS TOGETHER CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

ASPECTS TOGETHER CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

The company is a Community Interest Company (CIC). As such, the CIC's activities are outlined in the Community Interest Annual Report that is included within this filing.



Directors

The directors shown below have held office during the whole of the period from
18 May 2023 to 31 May 2024

Mark Weiner
Tracy Weiner


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
10 October 2024

And signed on behalf of the board by:
Name: Mark Weiner
Status: Director

ASPECTS TOGETHER CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024


£
Turnover: 1,950
Cost of sales: ( 181 )
Gross profit(or loss): 1,769
Administrative expenses: ( 19,092 )
Other operating income: 2,816
Operating profit(or loss): (14,507)
Profit(or loss) before tax: (14,507)
Profit(or loss) for the financial year: (14,507)

ASPECTS TOGETHER CIC

Balance sheet

As at 31 May 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 7,355
Total fixed assets: 7,355
Current assets
Debtors: 4 1,245
Cash at bank and in hand: 2,892
Total current assets: 4,137
Creditors: amounts falling due within one year: 5 ( 26,000 )
Net current assets (liabilities): (21,863)
Total assets less current liabilities: (14,508)
Total net assets (liabilities): (14,508)
Members' funds
Profit and loss account: (14,508)
Total members' funds: ( 14,508)

The notes form part of these financial statements

ASPECTS TOGETHER CIC

Balance sheet statements

For the year ending 31 May 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 10 October 2024
and signed on behalf of the board by:

Name: Mark Weiner
Status: Director

The notes form part of these financial statements

ASPECTS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 May 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over their expected useful economic life on a straight line basis, as follows: - Land and buildings - 25 Years - Plant and machinery - 5 Years - Fixtures and fittings - 5 Years - Vehicles - 10 Years - Office Equipment - 3 Years

ASPECTS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

    This number only includes the directors.

ASPECTS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 8,008 8,008
Disposals
Revaluations
Transfers
At 31 May 2024 8,008 8,008
Depreciation
Charge for year 653 653
On disposals
Other adjustments
At 31 May 2024 653 653
Net book value
At 31 May 2024 7,355 7,355

ASPECTS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024
£
Trade debtors 1,245
Total 1,245

Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

ASPECTS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024
£
Other creditors 26,000
Total 26,000

Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

COMMUNITY INTEREST ANNUAL REPORT

ASPECTS TOGETHER CIC

Company Number: 14877583 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

During the first year of operation, Aspects Together CIC has focused on identifying and setting up our wood workshop to allow us to provide services to the community and our target beneficiaries. To date we have supported one autistic individual to access and learn woodworking skills, and to enjoy success in making high quality wood products. This support has resulted in the individual being able to access a formal Level 3 course in woodwork. Aspects Together CIC, working in collaboration with another local organisation has supported the delivery of a full NVR therapeutic programme and one pre-NVR Parent Support group, supporting 20 families to better understand and connect with their child, as well as providing peer support and mentoring for parents.

Consultation with stakeholders

There has been no stakeholder consultation held. We continue to work closely with Kith ‘n’ Kin CIC in delivering NVR in the local area, and have engaged with the local makerspace group to further our community links.

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
10 October 2024

And signed on behalf of the board by:
Name: Mark Weiner
Status: Director