SEED OF HOPE CIC

Company limited by guarantee

Company Registration Number:
10746558 (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

SEED OF HOPE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SEED OF HOPE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 9,992 11,971
Total fixed assets: 9,992 11,971
Current assets
Debtors: 4 6,179 8,122
Cash at bank and in hand: 19,393 9,430
Total current assets: 25,572 17,552
Creditors: amounts falling due within one year: 5 ( 29,138 ) ( 12,489 )
Net current assets (liabilities): (3,566) 5,063
Total assets less current liabilities: 6,426 17,034
Creditors: amounts falling due after more than one year: 6 ( 1,544 ) ( 2,488 )
Total net assets (liabilities): 4,882 14,546
Members' funds
Profit and loss account: 4,882 14,546
Total members' funds: 4,882 14,546

The notes form part of these financial statements

SEED OF HOPE 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.

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 22 January 2025
and signed on behalf of the board by:

Name: Kris Scotting
Status: Director

The notes form part of these financial statements

SEED OF HOPE 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 comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 25% Reducing Balance Motor Vehicles 15% Reducing Balance Computer Equipment 25% Straight Line

SEED OF HOPE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

SEED OF HOPE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 2,695 424 11,300 14,419
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 2,695 424 11,300 14,419
Depreciation
At 1 May 2023 1,558 184 706 2,448
Charge for year 284 106 1,589 1,979
On disposals
Other adjustments
At 30 April 2024 1,842 290 2,295 4,427
Net book value
At 30 April 2024 853 134 9,005 9,992
At 30 April 2023 1,137 240 10,594 11,971

SEED OF HOPE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 642 3,122
Prepayments and accrued income 0
Other debtors 5,537 5,000
Total 6,179 8,122

SEED OF HOPE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 944 921
Trade creditors 210
Taxation and social security 1,106 798
Accruals and deferred income 26,115 9,141
Other creditors 973 1,419
Total 29,138 12,489

SEED OF HOPE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Bank loans and overdrafts 1,544 2,488
Total 1,544 2,488

COMMUNITY INTEREST ANNUAL REPORT

SEED OF HOPE CIC

Company Number: 10746558 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

These are outlined in our annual report available via our websitehttps:// seedofhope.org.uk/annual-report-2023/

Consultation with stakeholders

These are outlined in our annual report available on our websitehttps:// seedofhope.org.uk/annual-report-2023/

Directors' remuneration

Directors’ remuneration for the year amounted to £28,018.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 January 2025

And signed on behalf of the board by:
Name: Kris Scotting
Status: Director