PROM ALLY CIC

Company limited by guarantee

Company Registration Number:
12552268 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

PROM ALLY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PROM ALLY CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 120 241
Total fixed assets: 120 241
Current assets
Debtors: 4 2,033
Cash at bank and in hand: 7,920 5,297
Total current assets: 9,953 5,297
Creditors: amounts falling due within one year: 5 ( 1,123 ) ( 1,031 )
Net current assets (liabilities): 8,830 4,266
Total assets less current liabilities: 8,950 4,507
Creditors: amounts falling due after more than one year: 6 ( 35,605 ) ( 35,605 )
Total net assets (liabilities): (26,655) (31,098)
Members' funds
Profit and loss account: (26,655) ( 31,098)
Total members' funds: ( 26,655) (31,098)

The notes form part of these financial statements

PROM ALLY CIC

Balance sheet statements

For the year ending 30 April 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 1 November 2024
and signed on behalf of the board by:

Name: Alice Outten
Status: Director

The notes form part of these financial statements

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 604 604
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 604 604
Depreciation
At 1 May 2023 363 363
Charge for year 121 121
On disposals
Other adjustments
At 30 April 2024 484 484
Net book value
At 30 April 2024 120 120
At 30 April 2023 241 241

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 2,033
Total 2,033

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,123 1,031
Total 1,123 1,031

PROM ALLY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Bank loans and overdrafts 35,605 35,605
Total 35,605 35,605

COMMUNITY INTEREST ANNUAL REPORT

PROM ALLY CIC

Company Number: 12552268 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

We offer the free loan of prom outfits to teenagers who's families are struggling financially. We also sell pre-loved formal wear in a high street shop to raise funds and help encourage recycling.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Salaries of £2,170 were paid to Directors.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 November 2024

And signed on behalf of the board by:
Name: Alice Outten
Status: Director