for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Directors
The director shown below has held office during the whole of the period from
1 June 2023
to
31 May 2024
The director shown below has held office during the period of
16 April 2024
to
31 May 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 4 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
(
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(
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 June 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2024 |
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Depreciation | ||||||
At 1 June 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 May 2024 |
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Net book value | ||||||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Other creditors |
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Total |
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Life Skillz CIC is a community interest company dedicated to supporting vulnerable individuals aged 18–25 and 25–35 including care leavers, asylum seekers, those at risk of homelessness, NEET young people, and individuals with complex needs through supported accommodation and holistic support services. We provide safe housing and tailored life skills support across Southeast London, helping residents build independence, access education or employment, and transition into stable long-term housing. Our work not only reduces homelessness but also empowers individuals to rebuild their lives and positively contribute to their communities. Any profits generated during the financial year are reinvested into the services. The capital acquired is utilised for property acquisition, utility payments, rent, staff salaries, and the overall maintenance of Life Skillz supported accommodation properties and furniture.
The stakeholder for the related financial year is the director of the same. As he is aware of all the proceedings, consultations aren’t necessary.
Director Have received £66,850 as remuneration
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 April 2025
And signed on behalf of the board by:
Name: Ana Neves
Status: Director