PROFESSIONALS IN CONSTRUCTION CIC

Company limited by guarantee

Company Registration Number:
12283532 (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

PROFESSIONALS IN CONSTRUCTION CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

PROFESSIONALS IN CONSTRUCTION CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 105,099 261,477
Cost of sales: ( 67,584 ) ( 124,633 )
Gross profit(or loss): 37,515 136,844
Distribution costs: ( 78,319 ) ( 65,195 )
Administrative expenses: ( 29,136 ) ( 82,930 )
Operating profit(or loss): (69,940) (11,281)
Profit(or loss) before tax: (69,940) (11,281)
Profit(or loss) for the financial year: (69,940) (11,281)

PROFESSIONALS IN CONSTRUCTION CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 18,077 17,790
Cash at bank and in hand: 3 53,852
Total current assets: 18,080 71,642
Creditors: amounts falling due within one year: 4 ( 112,263 ) ( 92,779 )
Net current assets (liabilities): (94,183) (21,137)
Total assets less current liabilities: (94,183) ( 21,137)
Creditors: amounts falling due after more than one year: 5 ( 10,790 ) ( 13,896 )
Total net assets (liabilities): (104,973) (35,033)
Members' funds
Profit and loss account: (104,973) ( 35,033)
Total members' funds: ( 104,973) (35,033)

The notes form part of these financial statements

PROFESSIONALS IN CONSTRUCTION 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 13 March 2025
and signed on behalf of the board by:

Name: SIMBO, Mthandazo Tariro Amos
Status: Director

The notes form part of these financial statements

PROFESSIONALS IN CONSTRUCTION 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 Financial Reporting Standard 101

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 8,400 17,790
Other debtors 9,677 0
Total 18,077 17,790

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 86,737 88,666
Other creditors 25,526 4,113
Total 112,263 92,779

PROFESSIONALS IN CONSTRUCTION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

2024 2023
£ £
Bank loans and overdrafts 10,790 13,896
Total 10,790 13,896

COMMUNITY INTEREST ANNUAL REPORT

PROFESSIONALS IN CONSTRUCTION CIC

Company Number: 12283532 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The company has made significant strides in promoting diversity and inclusion within the built environment. Their collaborative efforts with individuals and organisations have led to increased representation and the adoption of best practices that foster inclusive workplaces. The impact of our work can be seen in various areas: Improved Talent Acquisition Enhanced Career Advancement Greater Inclusion Practices Increased Social Value

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
13 March 2025

And signed on behalf of the board by:
Name: SIMBO, Mthandazo Tariro Amos
Status: Director