IDEATION AFRICA CIC

Company Registration Number:
14091786 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

IDEATION AFRICA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

IDEATION AFRICA CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company throughout the year was to facilitate interaction actives within the community and research support services.



Directors

The director shown below has held office during the whole of the period from
1 May 2023 to 30 April 2024

Pedro De Carvalho


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
27 December 2024

And signed on behalf of the board by:
Name: Pedro De Carvalho
Status: Director

IDEATION AFRICA CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 2,808 0
Cost of sales: 0 0
Gross profit(or loss): 2,808 0
Administrative expenses: ( 2,047 ) ( 289 )
Operating profit(or loss): 761 (289)
Profit(or loss) before tax: 761 (289)
Tax: ( 90 ) 0
Profit(or loss) for the financial year: 671 (289)

IDEATION AFRICA CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Current assets
Debtors: 3 860 0
Cash at bank and in hand: 685 100
Total current assets: 1,545 100
Creditors: amounts falling due within one year: 4 ( 430 ) ( 289 )
Net current assets (liabilities): 1,115 (189)
Total assets less current liabilities: 1,115 ( 189)
Creditors: amounts falling due after more than one year: 5 ( 633 ) 0
Total net assets (liabilities): 482 (189)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 382 (289 )
Total Shareholders' funds: 482 (189)

The notes form part of these financial statements

IDEATION AFRICA CIC

Balance sheet statements

For the year ending 30 April 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 27 December 2024
and signed on behalf of the board by:

Name: Pedro De Carvalho
Status: Director

The notes form part of these financial statements

IDEATION AFRICA CIC

Notes to the Financial Statements

for the Period Ended 30 April 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 represents net invoiced sales of goods and services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is at 20 percent reducing balance on both Office Equipment and Plant and Machinery

    Intangible fixed assets amortisation policy

    Amortization is provided on all intangible assets over 6 years

IDEATION AFRICA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

IDEATION AFRICA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 860 0
Total 860 0

IDEATION AFRICA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 430 289
Total 430 289

IDEATION AFRICA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Other creditors 633 0
Total 633 0

COMMUNITY INTEREST ANNUAL REPORT

IDEATION AFRICA CIC

Company Number: 14091786 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

At Ideation Africa, we are committed to empowering young people by providing affordable tutoring and mentoring services in the UK. These services cater to students from primary school to university level, with a focus on key subjects such as mathematics, science, and English. By offering these at a cost significantly lower than market rates, we aim to make quality education accessible while supporting their academic growth. The income generated from these services is directly reinvested into funding our larger initiatives, particularly our flagship project in Angola. Our current project in Angola, Ngola Kilumbu (which will be on our website "under maintenance" soon), is a vital education center designed for children without access to formal schooling. At this center, children learn foundational skills in mathematics, science, and Portuguese, ensuring they are prepared to enter formal education in the following academic year. Additionally, we assist these children in obtaining the necessary ID documents, a crucial step toward enrolling in school and accessing further opportunities. Looking forward, we aim to expand our initiatives into new areas such as healthcare, library, debate club, and agriculture, building on the foundation of our current educational efforts. To achieve this, we plan to scale up our tutoring programs and organize fundraising events that will provide the necessary resources to fund and grow these essential projects. Our mission is to deliver impactful, sustainable solutions that address the needs of the communities we serve, ensuring that every child and young person has the opportunity to thrive and build a better future.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £130.00 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
27 December 2024

And signed on behalf of the board by:
Name: Pedro De Carvalho
Status: Director