MILLISLE TRADING CIC

Company limited by guarantee

Company Registration Number:
NI647600 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

MILLISLE TRADING CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

MILLISLE TRADING CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 18,302 17,813
Cost of sales: ( 18,302 ) ( 17,813 )
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0 0
Tax: 0
Profit(or loss) for the financial year: 0 0

MILLISLE TRADING CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 1,899 347
Cash at bank and in hand: 5,182 8,484
Total current assets: 7,081 8,831
Creditors: amounts falling due within one year: 4 ( 7,080 ) ( 8,830 )
Net current assets (liabilities): 1 1
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Members' funds
Profit and loss account: 1 1
Total members' funds: 1 1

The notes form part of these financial statements

MILLISLE TRADING CIC

Balance sheet statements

For the year ending 31 August 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 31 December 2024
and signed on behalf of the board by:

Name: William Megraw
Status: Director

The notes form part of these financial statements

MILLISLE TRADING CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

MILLISLE TRADING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MILLISLE TRADING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 249 197
Other debtors 1,650 150
Total 1,899 347

MILLISLE TRADING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 7,080 8,830
Total 7,080 8,830

COMMUNITY INTEREST ANNUAL REPORT

MILLISLE TRADING CIC

Company Number: NI647600 (Northern Ireland)

Year Ending: 31 August 2024

Company activities and impact

The company continues to run a charity shop in the village, staffed by volunteers, and continues to work with other village charities to run activities in the community space at the rear of the building. We maintain a card machine and can offer cashback to anyone purchasing in our shop. Community activities supported include keep fit, craft classes, men's activity shed, and women's group, along with community festivals and celebrations. Our charitable donations in the year supported three local charities - Millisle & District Community Association, Millisle Regeneration, and Millisle Youth Forum.

Consultation with stakeholders

We have a village steering group in Millisle with village charities, churches, and community organisations represented. We regularly meet, and activities of all of the organisations represented are discussed, with the Directors paying particular attention to any needs identified. We also continue to listen closely to the opinions of the stakeholders who frequent our charity shop on an ongoing basis.

Directors' remuneration

No remuneration was received

Transfer of assets

Charitable donations were made to three village charities per the company's constitution - £7204 to Millisle Regeneration, £2300 to Millisle Youth Forum, and £2300 to Millisle & District Community Association.

This report was approved by the board of directors on
31 December 2024

And signed on behalf of the board by:
Name: William Megraw
Status: Director