NATIONAL CHILDREN COMPETITION CIC

Company limited by guarantee

Company Registration Number:
12436897 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

NATIONAL CHILDREN COMPETITION CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

NATIONAL CHILDREN COMPETITION CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 29 February 2024

Kishor Raheem
Mohamed Riyas Mohamed Rafeek
Fathima Naflin Shibly


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
28 February 2025

And signed on behalf of the board by:
Name: Kishor Raheem
Status: Director

NATIONAL CHILDREN COMPETITION CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 9,842 8,398
Gross profit(or loss): 9,842 8,398
Administrative expenses: ( 14,238 ) ( 10,454 )
Operating profit(or loss): (4,396) (2,056)
Profit(or loss) before tax: (4,396) (2,056)
Profit(or loss) for the financial year: (4,396) (2,056)

NATIONAL CHILDREN COMPETITION CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 13,587 17,733
Total current assets: 13,587 17,733
Creditors: amounts falling due within one year: 3 ( 1,730 ) ( 1,730 )
Net current assets (liabilities): 11,857 16,003
Total assets less current liabilities: 11,857 16,003
Provision for liabilities: ( 19,539 ) ( 19,539 )
Accruals and deferred income: ( 1,000 ) ( 750 )
Total net assets (liabilities): (8,682) (4,286)
Members' funds
Profit and loss account: (8,682) ( 4,286)
Total members' funds: ( 8,682) (4,286)

The notes form part of these financial statements

NATIONAL CHILDREN COMPETITION CIC

Balance sheet statements

For the year ending 29 February 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 28 February 2025
and signed on behalf of the board by:

Name: Kishor Raheem
Status: Director

The notes form part of these financial statements

NATIONAL CHILDREN COMPETITION CIC

Notes to the Financial Statements

for the Period Ended 29 February 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Straight Line basis

NATIONAL CHILDREN COMPETITION CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

NATIONAL CHILDREN COMPETITION CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,730 1,730
Total 1,730 1,730

COMMUNITY INTEREST ANNUAL REPORT

NATIONAL CHILDREN COMPETITION CIC

Company Number: 12436897 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

We carried out a few projects during the period which benefited to keep the children engaged in the community and developing their aptitude. Increased participation, especially after the Covid-19 impact, parents and children participated actively.

Consultation with stakeholders

Gathered feedback formally and informally from stakeholders. All feedback was positive and received some suggestions for better execution of events.

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
28 February 2025

And signed on behalf of the board by:
Name: Kishor Raheem
Status: Director