LIMITLESS YOUTH ACADEMY CIC

Company limited by guarantee

Company Registration Number:
12043015 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

LIMITLESS YOUTH ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

LIMITLESS YOUTH ACADEMY CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Channel Mcleod
Shadene Hutchinson
Zara Morgan
Kimberly Tsiga


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
2 May 2025

And signed on behalf of the board by:
Name: Channel Mcleod
Status: Director

LIMITLESS YOUTH ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 111,483 41,076
Cost of sales: ( 91,397 ) ( 29,860 )
Gross profit(or loss): 20,086 11,216
Administrative expenses: ( 23,262 ) ( 14,727 )
Operating profit(or loss): (3,176) (3,511)
Profit(or loss) before tax: (3,176) (3,511)
Profit(or loss) for the financial year: (3,176) (3,511)

LIMITLESS YOUTH ACADEMY CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,037 5,915
Total fixed assets: 5,037 5,915
Current assets
Debtors: 4 3,584
Cash at bank and in hand: 7 37,359
Total current assets: 7 40,943
Creditors: amounts falling due within one year: 5 ( 13,832 ) ( 52,470 )
Net current assets (liabilities): (13,825) (11,527)
Total assets less current liabilities: (8,788) ( 5,612)
Total net assets (liabilities): (8,788) (5,612)
Members' funds
Profit and loss account: (8,788) ( 5,612)
Total members' funds: ( 8,788) (5,612)

The notes form part of these financial statements

LIMITLESS YOUTH ACADEMY CIC

Balance sheet statements

For the year ending 30 June 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 2 May 2025
and signed on behalf of the board by:

Name: Channel Mcleod
Status: Director

The notes form part of these financial statements

LIMITLESS YOUTH ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases. Plant and Machinery 25% RBM Computer Equipment 25% RBM

LIMITLESS YOUTH ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

LIMITLESS YOUTH ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 9,420 2,602 12,022
Additions 801 801
Disposals
Revaluations
Transfers
At 30 June 2024 9,420 3,403 12,823
Depreciation
At 1 July 2023 4,155 1,952 6,107
Charge for year 1,316 363 1,679
On disposals
Other adjustments
At 30 June 2024 5,471 2,315 7,786
Net book value
At 30 June 2024 3,949 1,088 5,037
At 30 June 2023 5,265 650 5,915

LIMITLESS YOUTH ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 3,584
Total   3,584

LIMITLESS YOUTH ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 975
Trade creditors 3,426
Accruals and deferred income 780 41,710
Other creditors 9,626 9,785
Total 13,832 52,470

COMMUNITY INTEREST ANNUAL REPORT

LIMITLESS YOUTH ACADEMY CIC

Company Number: 12043015 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Limitless Youth Academy CIC is a community interest company committed to enhancing the lives of young people through sports, education, and mentoring. Our core mission is to create opportunities that foster healthy lifestyles, teamwork, and personal development particularly among disadvantaged youth. We are dedicated to ensuring every young person has access to the resources and support they need to reach their full potential. During the financial year, we delivered a range of impactful programmes across Birmingham and Sandwell. Our summer holiday camps engaged over 300 children at each location, offering activities and workshops on vital topics such as knife crime prevention, healthy eating, entrepreneurship, behaviour, personal development, and sport. These camps also included enriching excursions, such as rock climbing, to broaden participants' experiences. In addition, we provided weekly sports sessions to over 50 consistent participants, promoting physical activity, discipline, and community engagement. Our food project, funded by Birmingham City Council, supported up to 100 families over a 12-week period in the Handsworth and Aston areas. This initiative introduced participants to diverse cultural cuisines and included practical workshops on preparing nutritious meals on a budget. We also secured funding from Sport England, which enabled us to acquire a Glow Sport license. Through this initiative, we partnered with local schools and community groups to deliver innovative, inclusive sports sessions that encouraged physical activity in a fun and engaging environment. Through these initiatives, Limitless Youth Academy CIC has made a meaningful and lasting impact on the lives of young people and families in our community, helping to build a foundation for healthier, more empowered futures.

Consultation with stakeholders

We actively engage our stakeholders in regular consultation to ensure our services are relevant and impactful. Stakeholder feedback is collected through structured question-and-answer sessions during our programme delivery, where participants are encouraged to voice their views, concerns, and suggestions. In addition to open discussions, we collect both quantitative and qualitative data from our sessions to assess participants’ development, track progress, and identify areas for improvement. Community feedback has played a key role in shaping our services. For instance, stakeholders frequently request new activities and skill-building opportunities. In response, we are in the process of developing and launching additional projects that directly reflect these needs. Moreover, we hold monthly meetings with parents and community members to better understand the broader needs of families and to identify opportunities for improving services for young people. These consultations are vital in helping us remain responsive and accountable to those we serve. Through ongoing dialogue and meaningful stakeholder involvement, Limitless Youth Academy CIC ensures that its services remain community-led and aligned with the evolving needs of those we aim to support. As part of our commitment to consultation and transparency, we also participated in the Sandwell HAF (Holiday Activities and Food Programme) evaluation report. One of our parents took part in the report, sharing her personal testimony about the positive impact our project has had on her and her family. This not only highlighted the real-life benefits of our services but also reinforced the importance of continuing to involve our community in evaluating and shaping our work.

Directors' remuneration

Two directors were paid a total of £9,460.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 May 2025

And signed on behalf of the board by:
Name: Channel Mcleod
Status: Director