CIRCULAR11 COMMUNITIES C.I.C.

Company Registration Number:
13483783 (England and Wales)

Unaudited statutory accounts for the year ended 5 April 2024

Period of accounts

Start date: 6 April 2023

End date: 5 April 2024

CIRCULAR11 COMMUNITIES C.I.C.

Contents of the Financial Statements

for the Period Ended 5 April 2024

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

CIRCULAR11 COMMUNITIES C.I.C.

Directors' report period ended 5 April 2024

The directors present their report with the financial statements of the company for the period ended 5 April 2024

Principal activities of the company

The principal activity of the company in the period under review was that of manufacturing plastic products.



Directors

The directors shown below have held office during the whole of the period from
6 April 2023 to 5 April 2024

Benjamin Gibbons
Connor Winter


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
31 January 2025

And signed on behalf of the board by:
Name: Benjamin Gibbons
Status: Director

CIRCULAR11 COMMUNITIES C.I.C.

Profit And Loss Account

for the Period Ended 5 April 2024

2024 9 months to 5 April 2023


£

£
Turnover: 20 500
Cost of sales: ( 313 ) ( 1,953 )
Gross profit(or loss): (293) (1,453)
Distribution costs: 0 0
Administrative expenses: ( 4,623 ) ( 30,997 )
Other operating income: 4,000 18,931
Operating profit(or loss): (916) (13,519)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (916) (13,519)
Tax: 19 430
Profit(or loss) for the financial year: (897) (13,089)

CIRCULAR11 COMMUNITIES C.I.C.

Balance sheet

As at 5 April 2024

Notes 2024 9 months to 5 April 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 5,767 7,689
Investments:   0 0
Total fixed assets: 5,767 7,689
Current assets
Stocks:   0 0
Debtors: 4 0 48
Cash at bank and in hand: 2,444 1,923
Investments:   0 0
Total current assets: 2,444 1,971
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 12,198 ) ( 12,731 )
Net current assets (liabilities): (9,754) (10,760)
Total assets less current liabilities: (3,987) ( 3,071)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 1,442 ) ( 1,461 )
Accruals and deferred income: 0 0
Total net assets (liabilities): (5,429) (4,532)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (5,430 ) (4,533 )
Total Shareholders' funds: ( 5,429 ) (4,532)

The notes form part of these financial statements

CIRCULAR11 COMMUNITIES C.I.C.

Balance sheet statements

For the year ending 5 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 31 January 2025
and signed on behalf of the board by:

Name: Benjamin Gibbons
Status: Director

The notes form part of these financial statements

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 5 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 represents the value of goods and services supplied by the company during the year, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided on a 25% reducing balance basis.

    Other accounting policies

    Debtors - Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Cash - Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors - Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Taxation - The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 5 April 2024

  • 2. Employees

    2024 9 months to 5 April 2023
    Average number of employees during the period 2 3

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 5 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 6 April 2023 13,569 13,569
Additions
Disposals
Revaluations
Transfers
At 5 April 2024 13,569 13,569
Depreciation
At 6 April 2023 5,880 5,880
Charge for year 1,922 1,922
On disposals
Other adjustments
At 5 April 2024 7,802 7,802
Net book value
At 5 April 2024 5,767 5,767
At 5 April 2023 7,689 7,689

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 5 April 2024

4. Debtors

2024 9 months to 5 April 2023
£ £
Other debtors 0 48
Total 0 48

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 5 April 2024

5. Creditors: amounts falling due within one year note

2024 9 months to 5 April 2023
£ £
Accruals and deferred income 1,500 1,884
Other creditors 10,698 10,847
Total 12,198 12,731

COMMUNITY INTEREST ANNUAL REPORT

CIRCULAR11 COMMUNITIES C.I.C.

Company Number: 13483783 (England and Wales)

Year Ending: 5 April 2024

Company activities and impact

Providing cheaper and more environmentally friendly building materials.

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
31 January 2025

And signed on behalf of the board by:
Name: Ben Gibbons
Status: Director