GLO-ACTIVE CIC

Company limited by guarantee

Company Registration Number:
07601014 (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

GLO-ACTIVE 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

GLO-ACTIVE 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

Principal activities of the company

providing care and support to children and adults with disabilities across the country



Directors

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

Hayley Huntley
Lindsey Saysell


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: Hayley Huntley
Status: Director

GLO-ACTIVE CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 564,541 570,374
Cost of sales: ( 142,610 ) ( 172,920 )
Gross profit(or loss): 421,931 397,454
Administrative expenses: ( 415,680 ) ( 366,734 )
Other operating income: 500 0
Operating profit(or loss): 6,751 30,720
Interest receivable and similar income: 0
Interest payable and similar charges: ( 2,004 ) ( 867 )
Profit(or loss) before tax: 4,747 29,853
Tax: ( 2,320 ) ( 4,445 )
Profit(or loss) for the financial year: 2,427 25,408

GLO-ACTIVE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 25,955 7,625
Total fixed assets: 25,955 7,625
Current assets
Debtors: 4 27,582 31,246
Cash at bank and in hand: 43,507 30,943
Total current assets: 71,089 62,189
Creditors: amounts falling due within one year: 5 ( 37,546 ) ( 25,042 )
Net current assets (liabilities): 33,543 37,147
Total assets less current liabilities: 59,498 44,772
Creditors: amounts falling due after more than one year: 6 ( 46,570 ) ( 34,271 )
Total net assets (liabilities): 12,928 10,501
Members' funds
Profit and loss account: 12,928 10,501
Total members' funds: 12,928 10,501

The notes form part of these financial statements

GLO-ACTIVE 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 31 January 2025
and signed on behalf of the board by:

Name: Lindsey Saysell
Status: Director

The notes form part of these financial statements

GLO-ACTIVE 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 Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets 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 Motor Vehicles Fixtures and Fittings Computer Equipment 20% Straight Line 25% Reducing Balance 20% Straight Line 33% Straight Line

GLO-ACTIVE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 33 25

GLO-ACTIVE 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 5,226 9,497 1,623 16,175 32,521
Additions 2,068 528 24,977 27,573
Disposals
Revaluations
Transfers
At 30 April 2024 5,226 11,565 2,151 41,152 60,094
Depreciation
At 1 May 2023 5,133 6,767 541 12,455 24,896
Charge for year 31 1,320 717 7,175 9,243
On disposals
Other adjustments
At 30 April 2024 5,164 8,087 1,258 19,630 34,139
Net book value
At 30 April 2024 62 3,478 893 21,522 25,955
At 30 April 2023 93 2,730 1,082 3,720 7,625

GLO-ACTIVE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 15,719 17,600
Other debtors 11,863 13,646
Total 27,582 31,246

GLO-ACTIVE 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 5,082 5,544
Amounts due under finance leases and hire purchase contracts 2,637 0
Taxation and social security 10,971 7,921
Accruals and deferred income 16,841 10,540
Other creditors 2,015 1,037
Total 37,546 25,042

GLO-ACTIVE 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 29,164 34,271
Amounts due under finance leases and hire purchase contracts 17,406 0
Total 46,570 34,271

GLO-ACTIVE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Included within debtors as at the balance sheet date is £5,040 (2023: £5,664) owed by the directors. This balance was repaid within 9 months. This balance is interest free
£
Balance at 30 April 2023
Advances or credits made:
Advances or credits repaid:
Balance at 30 April 2024 0

COMMUNITY INTEREST ANNUAL REPORT

GLO-ACTIVE CIC

Company Number: 07601014 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

providing care and support to children and adults with disabilities across the country

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid to the directors was £93,750

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: Hayley Huntley
Status: Director