for the Period Ended 31 August 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
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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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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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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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: | 3 |
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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: |
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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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Members' funds | |||
Profit and loss account: |
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Total members' 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 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 August 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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The company runs Kent Crusaders Basketball Club, having opened as a CIC in August 2022. The company has benefitted the community this year by providing: - Opportunities for 160 young people to participate in competitive basketball through 11 national league team for boys and girls. - A variety of weekly open basketball sessions for players of all ages, abilities and backgrounds at an affordable price, accessed by over 500 young people across the year. - A primary school based coaching programme (Let's Play Ball) which has introduced basketball to one thousand young people over the year, encouraging a healthy and active lifestyle. - Collaborative work with Medway Council supporting their health and active initiatives. - Provided holiday camps (including HAF activities) for the young people of Medway across all school holidays.
The companies stakeholders are the people of Medway and Kent who wish to take part in basketball. The directors have an excellent relationship with this group of stakeholders, having been involved in the local basketball community for 20+ years. There are regular opportunities for formal and informal feedback to the directors, including through special events such as our year end celebration and our Family Fun Day. Through these discussions, reflection and feedback we are able to establish sessions for different age groups, times and locations that match the need. Additionally, it allows us to identify and remove barriers to participation that this group faces, whether financial, physical/mental health based or logistical.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 March 2025
And signed on behalf of the board by:
Name: Jesse Sazant
Status: Director