BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Company limited by guarantee

Company Registration Number:
15059550 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 9 August 2023

End date: 31 December 2024

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
9 August 2023 to 31 December 2024

Robert Groves
Clare Farrow
Nigel Wilson
Thurrock Lifestyle Solutions CIC


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
8 May 2025

And signed on behalf of the board by:
Name: Robert Groves
Status: Director

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Profit And Loss Account

for the Period Ended 31 December 2024

17 months to 31 December 2024


£
Turnover: 71,538
Cost of sales: ( 55,153 )
Gross profit(or loss): 16,385
Administrative expenses: ( 13,463 )
Other operating income: 0
Operating profit(or loss): 2,922
Interest receivable and similar income: 101
Profit(or loss) before tax: 3,023
Tax: ( 37 )
Profit(or loss) for the financial year: 2,986

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Balance sheet

As at 31 December 2024

Notes 17 months to 31 December 2024


£
Fixed assets
Tangible assets: 3 2,827
Total fixed assets: 2,827
Current assets
Cash at bank and in hand: 20,525
Total current assets: 20,525
Creditors: amounts falling due within one year: 4 ( 20,366 )
Net current assets (liabilities): 159
Total assets less current liabilities: 2,986
Total net assets (liabilities): 2,986
Members' funds
Profit and loss account: 2,986
Total members' funds: 2,986

The notes form part of these financial statements

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Balance sheet statements

For the year ending 31 December 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 8 May 2025
and signed on behalf of the board by:

Name: Clare Farrow
Status: Director

The notes form part of these financial statements

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 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. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    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: Fixtures & Fittings 25% per annum reducing balance basis Computer Equipment 25% per annum reducing balance basis

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    17 months to 31 December 2024
    Average number of employees during the period 5

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 685 3,085 3,770
Disposals
Revaluations
Transfers
At 31 December 2024 685 3,085 3,770
Depreciation
Charge for year 171 772 943
On disposals
Other adjustments
At 31 December 2024 171 772 943
Net book value
At 31 December 2024 514 2,313 2,827

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

17 months to 31 December 2024
£
Taxation and social security 366
Other creditors 20,000
Total 20,366

COMMUNITY INTEREST ANNUAL REPORT

BASILDON ALLIANCE FOR SOCIAL ENTERPRISE SUPPORT CIC

Company Number: 15059550 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

From 1st January 2024 BASES CIC supported social enterprises in the Basildon and Thurrock areas of Thurrock, by providing support to social enterprises we were able to make them more financially sustainable, create or protect jobs and increase their social impact. The core activities of BASES CIC were: 1-2-1 Business coaching - this included developing business plans, marketing strategies, financial plans, premises negotiations etc. Delivering training workshops Networking with the local community, getting to know people, organisations and businesses and supporting initiatives where possible. Third-sector development support. Direct funding application support Social media and marketing support Administration support for establishing CICs Support to open bank accounts Connecting entrepreneurs with third-party providers and collaborators Accounting and HR Support

Consultation with stakeholders

Social enterprises supported Local community Funding local authorities

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
8 May 2025

And signed on behalf of the board by:
Name: Robert Groves
Status: Director