TEENTECH CIC

Company limited by guarantee

Company Registration Number:
07764930 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

TEENTECH CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

TEENTECH CIC

Directors' report period ended 30 September 2024

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

Principal activities of the company

TeenTech run award-winning initiatives across the UK to help young people understand opportunities in a fast-changing world and their potential to enjoy and shine in those areas. We focus on those whose life choices may be limited, whether through gender, ethnicity, social background, being differently abled, having special needs; helping them to understand the opportunities open to them in modern industry, particularly in science, technology and engineering. The operations of the TeenTech events and programmes are now run from TeenTech Charity (company number 11587837; registered charity number 1182557) and it raises grant income, corporate donations and any public donations. TeenTech CIC has become the trading subsidiary, raising corporate sponsorship to support the events and programmes, with the proceeds being gift-aided up to the Charity.

Political and charitable donations

No political donations were made In the year ended 30th September 2024 TeenTech CIC made donations of £109,050 to TeenTech Charity.

Company policy on disabled employees

The company policy is to employ disabled people wherever practical

Additional information

During the year there have been no legal claims against our Directors relating to TeenTech Charity and CIC. Our stakeholders are young people, teachers, parents, companies offering opportunities in science, technology and engineering, FE Colleges, Universities. We consult with all groups on an on-going basis and adapt our programmes accordingly.



Directors

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

Margaret Philbin
Andrew Wilson
Chris Lynch


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
14 March 2025

And signed on behalf of the board by:
Name: Margaret Philbin
Status: Director

TEENTECH CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 114,667 109,346
Cost of sales: ( 111,849 ) ( 110,310 )
Gross profit(or loss): 2,818 (964)
Administrative expenses: ( 2,888 )
Operating profit(or loss): (70) (964)
Profit(or loss) before tax: (70) (964)
Profit(or loss) for the financial year: (70) (964)

TEENTECH CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 36,765 23,540
Total current assets: 36,765 23,540
Net current assets (liabilities): 36,765 23,540
Total assets less current liabilities: 36,765 23,540
Accruals and deferred income: ( 36,296 ) ( 23,000 )
Total net assets (liabilities): 469 540
Members' funds
Profit and loss account: 469 540
Total members' funds: 469 540

The notes form part of these financial statements

TEENTECH CIC

Balance sheet statements

For the year ending 30 September 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 14 March 2025
and signed on behalf of the board by:

Name: Margaret Philbin
Status: Director

The notes form part of these financial statements

TEENTECH CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

TEENTECH CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

TEENTECH CIC

Company Number: 07764930 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

TeenTech run award-winning initiatives across the UK to help young people understand opportunities in a fast-changing world and their potential to enjoy and shine in those areas. We focus on those whose life choices may be limited, whether through gender, ethnicity, social background, being differently abled, having special needs; helping them to understand the opportunities open to them in modern industry, particularly in science, technology and engineering. The operations of the TeenTech events and programmes are now run from TeenTech Charity (company number 11587837; registered charity number 1182557) and it raises grant income, corporate donations and any public donations. TeenTech CIC has become the trading subsidiary, raising corporate sponsorship to support the events and programmes, with the proceeds being gift-aided up to the Charity.

Consultation with stakeholders

No consultation with stakeholders

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
14 March 2025

And signed on behalf of the board by:
Name: Margaret Philbin
Status: Director