EAST MARSH CONSTRUCTION CIC

Company limited by guarantee

Company Registration Number:
12471360 (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

EAST MARSH CONSTRUCTION CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EAST MARSH CONSTRUCTION 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

Directors

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

P G Rowley
A J McLernon
M J Moore


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
24 February 2025

And signed on behalf of the board by:
Name: P G Rowley
Status: Director

EAST MARSH CONSTRUCTION CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 2,372 13,658
Cash at bank and in hand: 3,870 21,178
Total current assets: 6,242 34,836
Creditors: amounts falling due within one year: 4 ( 49,641 ) ( 57,418 )
Net current assets (liabilities): (43,399) (22,582)
Total assets less current liabilities: (43,399) ( 22,582)
Total net assets (liabilities): (43,399) (22,582)
Members' funds
Profit and loss account: (43,399) ( 22,582)
Total members' funds: ( 43,399) (22,582)

The notes form part of these financial statements

EAST MARSH CONSTRUCTION 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: P G Rowley
Status: Director

The notes form part of these financial statements

EAST MARSH CONSTRUCTION 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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor Vehicles - 25% on cost

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EAST MARSH CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 8

EAST MARSH CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 587 12,359
Other debtors 1,785 1,299
Total 2,372 13,658

EAST MARSH CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,848 12,207
Taxation and social security 361 8,661
Other creditors 46,432 36,550
Total 49,641 57,418

COMMUNITY INTEREST ANNUAL REPORT

EAST MARSH CONSTRUCTION CIC

Company Number: 12471360 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company has been set up to improve the housing stock and provide employment in Grimsby for East Marsh residents, The company’s activities are providing benefit to Grimsby’s East Marsh and it’s environs. The East Marsh of Grimsby is one of the UK’s most deprived wards. The 2015 Index of Deprivation indicated it was the worst for Training and Skills and 2nd for Crime and 4th for Unemployment. Since the collapse of Grimsby’s deep-sea fleet in the late 1970’s the area has been in continuous steep decline. This CIC aims to directly confront and reverse these problems. By improving the housing stock and providing secure, well-paid skilled employment it will lift the morale and environment of our residents.

Consultation with stakeholders

The stakeholders are primarily the local community and council. Regular consultations have taken place to ensure that the community is receiving the full benefit of the actions of the CIC. Consultations have also taken place with grant funders to ensure any funding received is allocated in the best interests of the community.

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
24 February 2025

And signed on behalf of the board by:
Name: P G Rowley
Status: Director