CEMVO ENTERPRISES CIC

Company limited by guarantee

Company Registration Number:
SC522592 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CEMVO ENTERPRISES CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CEMVO ENTERPRISES 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 director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

A C J Publico-Ong


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
5 June 2024

And signed on behalf of the board by:
Name: A C J Publico-Ong
Status: Director

CEMVO ENTERPRISES CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 32,319 30,073
Total current assets: 32,319 30,073
Creditors: amounts falling due within one year: 3 ( 5,745 ) ( 2,935 )
Net current assets (liabilities): 26,574 27,138
Total assets less current liabilities: 26,574 27,138
Total net assets (liabilities): 26,574 27,138
Members' funds
Profit and loss account: 26,574 27,138
Total members' funds: 26,574 27,138

The notes form part of these financial statements

CEMVO ENTERPRISES 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 5 June 2024
and signed on behalf of the board by:

Name: A C J Publico-Ong
Status: Director

The notes form part of these financial statements

CEMVO ENTERPRISES 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 Section 1A (Small Entities) of Financial Reporting Standard 102

CEMVO ENTERPRISES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

CEMVO ENTERPRISES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 184
Taxation and social security 5,745 1,899
Accruals and deferred income 852
Total 5,745 2,935

COMMUNITY INTEREST ANNUAL REPORT

CEMVO ENTERPRISES CIC

Company Number: SC522592 (Scotland)

Year Ending: 31 March 2024

Company activities and impact

The services that the enterprise company delivers are very much organisation based with a focus on Equality, Diversity and Inclusion. We work with all sectors to improve understanding of diverse communities and highlight the benefits of a inclusive workforce. The training is very much client focussed, and we work with organisation to ensure a bespoke package is developed to ensure the training meets the organisation needs. During the financial year Jan 22 - Dec 2022 the enterprise company delivered services in the following areas: Delivered programme funded by Work Force Equality Fund targeting 10 employers from the private and public sector. With a focus on building capacity with regards to ED&I in the workplace Created a recruitment portal to assist employers to target ethnic minority communities when having recruitment campaigns. We currently have 20 employers who are using the service and we have 200 clients registered on the portal. The service is free to minority ethnic communities across Scotland. Delivered 10 courses on Equality and Diversity targeting public and third sector organisations. The monies that we generate pay for running costs such as staff, heat, light etc and surplus funds support some of the work that is done by CEMVO Scotland which is a registered charity. The impact of the work is that public sector services providers are better informed therefore are better equipped to develop policies and strategies that take into account the needs of minority ethnic communities. Also, through the training we are able to improve understanding of ED&I in the workplace and thus improving work conditions and ensuring that barriers are minimised with regards to promotion, retention and to access to job opportunities.

Consultation with stakeholders

No consultation with stakeholders

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
5 June 2024

And signed on behalf of the board by:
Name: C J Publico-Ong
Status: Director