for the Period Ended 30 September 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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( |
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Total assets less current liabilities: |
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( |
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Creditors: amounts falling due after more than one year: | 6 |
(
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(
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 September 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 September 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 October 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 September 2024 |
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Depreciation | ||||||
At 1 October 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 September 2024 |
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Net book value | ||||||
At 30 September 2024 |
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At 30 September 2023 |
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for the Period Ended 30 September 2024
2024 | 2023 | |
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£ | £ | |
Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 30 September 2024
2024 | 2023 | |
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£ | £ | |
Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 30 September 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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Eduspace is at the forefront of promoting qualitative education with emphasis on the development of skills hardly taught at home and absent from the school curriculum. Our emphasis is on Leadership, Entrepreneurship and Academic support for kids. The company started as a CIC in June 2023. During the financial year 2023 2024, the company’s activities have benefited the community in the following ways: 1 Primary and secondary school students aged 7 to 18 years have participated in our online life skills development workshops namely, Vision boarding, Developing a leadership mindset and Super Study Skills in preparation for school exams in May. We further organised more workshops around financial literacy and understanding different personality types. We have had over 180 children participate in all these sessions. 2 We organised a 5 day Summer Workshop where kids developed business projects and learnt how to use the software called CANVA to create logos, flyers, brochures and websites. 3 We also started a series on Career Mapping and Planning with some teenagers and young adults at a local church. Discussions on how to identify their careers were held around the acronym S.I.G.N.S which stands for School Subjects loved, Interests, Giftings, Natural disposition and temperament and Skills. We distributed worksheets and ran personality assessments as well. Many of them have gained clarity around choosing their GCSE subjects and a sense of direction around their intended careers. Many of them gained admission into their choice universities and for their choice courses. 4 New Worksheets and resources and books have been developed for consistent reference to help reinforce topics and content even after these sessions.
The company’s stakeholders are Parents and children aged 7 to 18 years living in and around Basingstoke as well as people who have similar interests or life experiences in nearby regions. To ensure that we understand the challenges and needs of our stakeholders and offer relevant support and services to them, we did a few surveys using questionnaires, focus groups discussions with a church youth group as well as direct interviews with stakeholders at Job centre plus. The surveys showed the gaps in the school system with 96.7% of the respondents confirming the need for workshops that can sharpen their skills and provide their kids with an excellent head start in life. The survey pointed out the need for skills such as leadership, financial literacy, entrepreneurship, career decisions etc. and we have been running free workshops for these already. Furthermore, on visiting the job centre plus, there were multiple job vacancies displayed on notice boards and it was confirmed that these positions could not be filled because the applicants didn’t have the requisite skills. This further confirmed the need for developing employability skills and efforts are being directed towards this as well.
The total amount paid or receivable by directors in respect of qualifying services was £15,000. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
4 January 2025
And signed on behalf of the board by:
Name: Yejide Akiode
Status: Director