GO THE DISTANCE (GTD) CIC

Company limited by guarantee

Company Registration Number:
11855805 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

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Contents of the Financial Statements

for the Period Ended 31 August 2024

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

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Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 228,782 196,370
Cost of sales: ( 10,150 ) ( 4,928 )
Gross profit(or loss): 218,632 191,442
Distribution costs: 0 0
Administrative expenses: ( 233,201 ) ( 192,581 )
Other operating income: 309,597 67,702
Operating profit(or loss): 295,028 66,563
Interest payable and similar charges: ( 531 ) ( 531 )
Profit(or loss) before tax: 294,497 66,032
Tax: 0 2,546
Profit(or loss) for the financial year: 294,497 68,578

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Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 329,047 61,393
Investments:   0 0
Total fixed assets: 329,047 61,393
Current assets
Stocks:   0 0
Debtors: 4 0 2,500
Cash at bank and in hand: 179,722 101,113
Investments:   0 0
Total current assets: 179,722 103,613
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 31,298 ) ( 5,464 )
Net current assets (liabilities): 148,424 98,149
Total assets less current liabilities: 477,471 159,542
Creditors: amounts falling due after more than one year: 6 ( 87,445 ) ( 64,013 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 390,026 95,529
Members' funds
Profit and loss account: 390,026 95,529
Total members' funds: 390,026 95,529

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 August 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 March 2025
and signed on behalf of the board by:

Name: Paul Lysaght
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 August 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

    Tangible fixed assets depreciation policy

    Plant and machinery - 25% reducing balance Motor vehicles - 25% reducing balance Fixtures & fittings - 25% reducing balance Computer equipment - 25% reducing balance

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Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

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Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 0 5,400 9,000 2,392 64,138 80,930
Additions 0 0 277,268 0 40,625 317,893
Disposals 0 0 0 0 ( 29,813 ) ( 29,813 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 August 2024 0 5,400 286,268 2,392 74,950 369,010
Depreciation
At 1 September 2023 0 2,363 1,275 149 15,750 19,537
Charge for year 0 759 1,931 561 17,175 20,426
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 August 2024 0 3,122 3,206 710 32,925 39,963
Net book value
At 31 August 2024 0 2,278 283,062 1,682 42,025 329,047
At 31 August 2023 0 3,037 7,725 2,243 48,388 61,393

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Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 2,500
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 2,500
Debtors due after more than one year: 0 0

GO THE DISTANCE (GTD) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,668 4,606
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 6,984 858
Accruals and deferred income 0 0
Other creditors 20,646 0
Total 31,298 5,464

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Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 7,999 10,730
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 79,446 53,283
Total 87,445 64,013

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 11855805 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

We provide dedicated support to vulnerable young people across four key areas: mental health, sport, education, and employment. Our work focuses on promoting emotional well-being, ensuring access to physical activities that encourage healthy lifestyles, and offering guidance to help young people achieve their academic potential. Additionally, we assist with career development by providing support and opportunities that enhance their employment prospects. Through a holistic approach, we empower young people to overcome challenges, build confidence, and create a brighter future.

Consultation with stakeholders

No action needed

Directors' remuneration

The total amount paid to directors in respect of qualifying services as £41,253

Transfer of assets

No transfer of assets other than for full consideration

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

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