ELEVATE THE YOUTH CIC

Company limited by guarantee

Company Registration Number:
10726560 (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

ELEVATE THE YOUTH 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

ELEVATE THE YOUTH 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

Directors

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

Veleta Lorraine Brown
Veronica Brown
Marlene MCDONALD
Iysha MEDLEY


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
28 January 2025

And signed on behalf of the board by:
Name: Veleta Lorraine Brown
Status: Director

ELEVATE THE YOUTH CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 0 10,553
Cost of sales: 0 ( 3,648 )
Gross profit(or loss): 0 6,905
Distribution costs: 0 0
Administrative expenses: ( 992 ) ( 8,734 )
Operating profit(or loss): (992) (1,829)
Interest payable and similar charges: 0 ( 588 )
Profit(or loss) before tax: (992) (2,417)
Profit(or loss) for the financial year: (992) (2,417)

ELEVATE THE YOUTH CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 82 165
Total fixed assets: 82 165
Current assets
Debtors: 4 12,000 12,000
Cash at bank and in hand: 24 124
Total current assets: 12,024 12,124
Creditors: amounts falling due within one year: 5 ( 35,889 ) ( 35,080 )
Net current assets (liabilities): (23,865) (22,956)
Total assets less current liabilities: (23,783) ( 22,791)
Total net assets (liabilities): (23,783) (22,791)
Members' funds
Profit and loss account: (23,783) ( 22,791)
Total members' funds: ( 23,783) (22,791)

The notes form part of these financial statements

ELEVATE THE YOUTH 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 28 January 2025
and signed on behalf of the board by:

Name: Veleta Lorraine Brown
Status: Director

The notes form part of these financial statements

ELEVATE THE YOUTH 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% Motor vehicles 20%

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

ELEVATE THE YOUTH 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

ELEVATE THE YOUTH 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 331 3,515 3,846
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 331 3,515 3,846
Depreciation
At 1 May 2023 166 3,515 3,681
Charge for year 83 83
On disposals
Other adjustments
At 30 April 2024 249 3,515 3,764
Net book value
At 30 April 2024 82 0 82
At 30 April 2023 165 0 165

ELEVATE THE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 12,000 12,000
Total 12,000 12,000

ELEVATE THE YOUTH 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 24,588 24,588
Accruals and deferred income 265 365
Other creditors 11,036 10,127
Total 35,889 35,080

COMMUNITY INTEREST ANNUAL REPORT

ELEVATE THE YOUTH CIC

Company Number: 10726560 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Elevate The Youth CIC is a community interest company established to support young people in personal development, education, and career advancement. The company aims to provide mentorship, training, and resources to empower the youth and promote social inclusion. During the financial year ended 30 April 2024, Elevate The Youth CIC did not engage in any trading activities. As a result, no income was generated, and no expenses were incurred. The directors continue to monitor opportunities to further the company's social objectives and remain committed to relaunching activities when feasible.

Consultation with stakeholders

As there were no activities during the financial year, no formal consultations were undertaken with stakeholders. However, the company remains in communication with community members and potential partners to explore opportunities for future engagement.

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
28 January 2025

And signed on behalf of the board by:
Name: Veleta Lorraine Brown
Status: Director