ICANYOUCANTOO CIC

Company limited by guarantee

Company Registration Number:
12154764 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

ICANYOUCANTOO CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ICANYOUCANTOO CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,669 2,427
Total fixed assets: 3,669 2,427
Current assets
Cash at bank and in hand: 17,013 18,056
Total current assets: 17,013 18,056
Creditors: amounts falling due within one year: 4 ( 12,277 ) ( 10,945 )
Net current assets (liabilities): 4,736 7,111
Total assets less current liabilities: 8,405 9,538
Total net assets (liabilities): 8,405 9,538
Members' funds
Profit and loss account: 8,405 9,538
Total members' funds: 8,405 9,538

The notes form part of these financial statements

ICANYOUCANTOO 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: Nilesh Dosa
Status: Director

The notes form part of these financial statements

ICANYOUCANTOO 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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance

    Other accounting policies

    Financial instruments Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

ICANYOUCANTOO CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 1

ICANYOUCANTOO CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 2,890 2,890
Additions 2,229 2,229
Disposals
Revaluations
Transfers
At 31 August 2024 5,119 5,119
Depreciation
At 1 September 2023 463 463
Charge for year 987 987
On disposals
Other adjustments
At 31 August 2024 1,450 1,450
Net book value
At 31 August 2024 3,669 3,669
At 31 August 2023 2,427 2,427

ICANYOUCANTOO CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,333 0
Accruals and deferred income 10,944 10,945
Total 12,277 10,945

COMMUNITY INTEREST ANNUAL REPORT

ICANYOUCANTOO CIC

Company Number: 12154764 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The company provides grassroots educational and practical career-related support, through coaching and mentoring, to children from non-privileged backgrounds. The service is currently to provide in and around London, with a view to expanding across the UK. The company, following the pandemic, has expanded into providing a portfolio of humanitarian support – including hot meals, hygiene supplies and educational items including laptops and text books.

Consultation with stakeholders

Mr Nilesh Bhasker Dosa 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
28 May 2025

And signed on behalf of the board by:
Name: Nilesh Dosa
Status: Director