TOTALLY LOCAL LANCASTER CIC

Company limited by guarantee

Company Registration Number:
13427014 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

TOTALLY LOCAL LANCASTER CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

TOTALLY LOCAL LANCASTER CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

The principal activity of the company is concerned with advertising agencies.



Directors

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

Paul Cussimano
Bruno Buccelli
Victoria Muir


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 July 2024

And signed on behalf of the board by:
Name: Paul Cussimano
Status: Director

TOTALLY LOCAL LANCASTER CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 31,529 21,147
Cost of sales: ( 26,732 ) ( 13,727 )
Gross profit(or loss): 4,797 7,420
Administrative expenses: ( 7,800 ) ( 6,441 )
Other operating income: 2,000
Operating profit(or loss): (1,003) 979
Profit(or loss) before tax: (1,003) 979
Tax: ( 186 )
Profit(or loss) for the financial year: (1,003) 793

TOTALLY LOCAL LANCASTER CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 7,801 12,805
Total current assets: 7,801 12,805
Creditors: amounts falling due within one year: 3 ( 7,386 ) ( 11,386 )
Net current assets (liabilities): 415 1,419
Total assets less current liabilities: 415 1,419
Total net assets (liabilities): 415 1,419
Members' funds
Profit and loss account: 415 1,419
Total members' funds: 415 1,419

The notes form part of these financial statements

TOTALLY LOCAL LANCASTER CIC

Balance sheet statements

For the year ending 31 May 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 July 2024
and signed on behalf of the board by:

Name: Paul Cussimano
Status: Director

The notes form part of these financial statements

TOTALLY LOCAL LANCASTER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

TOTALLY LOCAL LANCASTER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

TOTALLY LOCAL LANCASTER CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 186 186
Accruals and deferred income 7,200 11,200
Total 7,386 11,386

COMMUNITY INTEREST ANNUAL REPORT

TOTALLY LOCAL LANCASTER CIC

Company Number: 13427014 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company has continued to use social media and events to fund further support to the local business community, free of charge.

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 July 2024

And signed on behalf of the board by:
Name: Paul Cussimano
Status: Director