RALEIGH ENTERPRISES SHOP CIC

Company limited by guarantee

Company Registration Number:
12958122 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

RALEIGH ENTERPRISES SHOP CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

RALEIGH ENTERPRISES SHOP CIC

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

The Company runs a gift shop within HMS Raleigh. It sells goods to personnel within the establishment and also has an online presence selling goods to families of recruits and other individuals who have links with Raleigh. The business continues to have to grow its position within the establishment and has acquired some new machinery over the last year to improve it's offer and maintain profits. It has also worked with a new main supplier of clothing to improve the quality and range on offer. These machines have allowed the company to increase profits and in turn, the level of donations made to the establishment charities, which has benefitted the overall lived experience of the personnel on base.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Sarah Blake
Andrew Driver


The director shown below has held office during the whole of the period from
1 November 2023 to 31 October 2024

Sean Brady


The director shown below has held office during the period of
9 February 2024 to 31 October 2024

Malcolm McCallum


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
3 February 2025

And signed on behalf of the board by:
Name: Malcolm McCallum
Status: Director

RALEIGH ENTERPRISES SHOP CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 246,620 184,312
Cost of sales: ( 163,661 ) ( 130,978 )
Gross profit(or loss): 82,959 53,334
Distribution costs: ( 6,611 ) ( 5,809 )
Administrative expenses: ( 75,957 ) ( 46,786 )
Operating profit(or loss): 391 739
Interest receivable and similar income: 11
Profit(or loss) before tax: 402 739
Profit(or loss) for the financial year: 402 739

RALEIGH ENTERPRISES SHOP CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,301 1,025
Total fixed assets: 5,301 1,025
Current assets
Stocks: 4 528
Cash at bank and in hand: 34,137 36,351
Total current assets: 34,137 36,879
Creditors: amounts falling due within one year: 5 ( 11,379 ) ( 10,247 )
Net current assets (liabilities): 22,758 26,632
Total assets less current liabilities: 28,059 27,657
Total net assets (liabilities): 28,059 27,657
Members' funds
Profit and loss account: 28,059 27,657
Total members' funds: 28,059 27,657

The notes form part of these financial statements

RALEIGH ENTERPRISES SHOP CIC

Balance sheet statements

For the year ending 31 October 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 3 February 2025
and signed on behalf of the board by:

Name: Malcolm McCallum
Status: Director

The notes form part of these financial statements

RALEIGH ENTERPRISES SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

RALEIGH ENTERPRISES SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

RALEIGH ENTERPRISES SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 960 333 1,293
Additions 4,556 4,556
Disposals
Revaluations
Transfers
At 31 October 2024 5,516 333 5,849
Depreciation
At 1 November 2023 134 134 268
Charge for year 213 67 280
On disposals
Other adjustments
At 31 October 2024 347 201 548
Net book value
At 31 October 2024 5,169 132 5,301
At 31 October 2023 826 199 1,025

RALEIGH ENTERPRISES SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Stocks

2024 2023
£ £
Stocks 528
Total   528

RALEIGH ENTERPRISES SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 5,951 10,247
Taxation and social security 5,428
Total 11,379 10,247

COMMUNITY INTEREST ANNUAL REPORT

RALEIGH ENTERPRISES SHOP CIC

Company Number: 12958122 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The Company runs a gift shop within HMS Raleigh. It sells goods to personnel within the establishment and also has an online presence selling goods to families of recruits and other individuals who have links with Raleigh. The business continues to have to grow its position within the establishment and has acquired some new machinery over the last year to improve it's offer and maintain profits. It has also worked with a new main supplier of clothing to improve the quality and range on offer. These machines have allowed the company to increase profits and in turn, the level of donations made to the establishment charities, which has benefitted the overall lived experience of the personnel on base.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The shop is run and managed on a day to day basis by 1 FTE who is also a director. Their renumeration for the year was £33545

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 February 2025

And signed on behalf of the board by:
Name: Malcolm McCallum
Status: Director