CHOOSE2 CIC

Company limited by guarantee

Company Registration Number:
09040249 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CHOOSE2 CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

CHOOSE2 CIC

Directors' report period ended 31 March 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Stephen Rouse
Rachel Smith
Zoe Smith
Marie Keenan


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
19 August 2024

And signed on behalf of the board by:
Name: Stephen Rouse
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 679,251 734,842
Cost of sales: ( 120,240 ) ( 149,561 )
Gross profit(or loss): 559,011 585,281
Distribution costs: 0 0
Administrative expenses: ( 578,319 ) ( 631,906 )
Other operating income: 0 0
Operating profit(or loss): (19,308) (46,625)
Profit(or loss) before tax: (19,308) (46,625)
Profit(or loss) for the financial year: (19,308) (46,625)

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 44,542 56,512
Investments:   0 0
Total fixed assets: 44,542 56,512
Current assets
Stocks: 4 0 1,107
Debtors: 5 17,423 43,257
Cash at bank and in hand: 136,622 128,358
Investments:   0 0
Total current assets: 154,045 172,722
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 14,883 ) ( 26,222 )
Net current assets (liabilities): 139,162 146,500
Total assets less current liabilities: 183,704 203,012
Provision for liabilities: ( 183,704 ) ( 203,012 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

CHOOSE2 CIC

Balance sheet statements

For the year ending 31 March 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 19 August 2024
and signed on behalf of the board by:

Name: Stephen Rouse
Status: Director

The notes form part of these financial statements

CHOOSE2 CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 is measured at the fair value of the consideration received or receivable, net discounts and value-added taxes. turnover includes revenue, and from the sale of goods, and from the rendering of services. Turnover is reduced for estimated customer returns. rebates and other similar allowances

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost, less accumulated depreciation, and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value over there expected useful lives on the following basis. Plant and machinery, 25% reducing balance motor vehicles, 25% reducing balance

CHOOSE2 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 19 16

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 111,351 56,152 167,503
Additions 2,877 0 2,877
Disposals
Revaluations
Transfers
At 31 March 2024 114,228 56,152 170,380
Depreciation
At 1 April 2023 72,606 38,385 110,991
Charge for year 10,405 4,442 14,847
On disposals
Other adjustments
At 31 March 2024 83,011 42,827 125,838
Net book value
At 31 March 2024 31,217 13,325 44,542
At 31 March 2023 38,745 17,767 56,512

CHOOSE2 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 0 1,107
Payments on account 0
Total 0 1,107

CHOOSE2 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 17,423 43,257
Total 17,423 43,257
Debtors due after more than one year: 14,883 26,222

CHOOSE2 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 14,883 26,222
Total 14,883 26,222

COMMUNITY INTEREST ANNUAL REPORT

CHOOSE2 CIC

Company Number: 09040249 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The CIC was incorporated on the 14th of May 2014 and commence trading on the 3rd of July 2014 the company works with people with disabilities and additional needs by providing packages of support tailor-made to the individuals needs and abilities to support social learning and development areas of the individual’s life. We were in a youth club for young people who are neuro diverse and also of the PA service so parents get a short break. An additional service we run is inclusive Duke of Edinburgh. we have supported the young people to gain new skills through our learning packages and provided one-to-one support for those who need extra support to move on

Consultation with stakeholders

Our stakeholders are the young people parents and carers we work with and support. We have a regular review meetings for our service users to look at the provision we provide and where appropriate and we are able to adapt and change element provision based on the individuals feedback

Directors' remuneration

Information in respect of the remuneration of directors has been disclosed in the financial statements there were no other transactions for arrangements in connection with the remuneration of directors or compensation for directors loss of office which require to be disclosed. Other than salary of the four executive directors who are employed within the business, there has been no remuneration received by the directors.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 December 2024

And signed on behalf of the board by:
Name: Stephen Rouse
Status: Director