KHEPERA CIC

Company limited by guarantee

Company Registration Number:
09730226 (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

KHEPERA CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

KHEPERA CIC

Directors' report period ended 31 August 2024

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

Directors

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

Charmaine Fyffe
John Neckles
Glenda Cato


The director shown below has held office during the period of
1 March 2024 to 31 August 2024

Rosie Maunder


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
29 May 2025

And signed on behalf of the board by:
Name: John Neckles
Status: Director

KHEPERA CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 50,688 60,580
Cost of sales: ( 28,909 ) ( 45,380 )
Gross profit(or loss): 21,779 15,200
Distribution costs: 0 0
Administrative expenses: ( 18,999 ) ( 23,992 )
Other operating income: 0 0
Operating profit(or loss): 2,780 (8,792)
Interest receivable and similar income: 192 98
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 2,972 (8,694)
Tax: ( 684 ) 0
Profit(or loss) for the financial year: 2,288 (8,694)

KHEPERA CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 313 562
Total fixed assets: 313 562
Current assets
Debtors: 4 5,882 400
Cash at bank and in hand: 8,996 20,249
Total current assets: 14,878 20,649
Prepayments and accrued income: 599 664
Creditors: amounts falling due within one year: 5 ( 2,557 ) ( 2,599 )
Net current assets (liabilities): 12,920 18,714
Total assets less current liabilities: 13,233 19,276
Creditors: amounts falling due after more than one year:   0 0
Accruals and deferred income: ( 21,104 ) ( 29,435 )
Total net assets (liabilities): (7,871) (10,159)
Members' funds
Profit and loss account: (7,871) ( 10,159)
Total members' funds: ( 7,871) (10,159)

The notes form part of these financial statements

KHEPERA 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 29 May 2025
and signed on behalf of the board by:

Name: John Neckles
Status: Director

The notes form part of these financial statements

KHEPERA 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

    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: Plant & Machinery 4 years staright line Computer Equipment 3 years straight line

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

    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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit for the year, 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. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

KHEPERA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

KHEPERA 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 246 564 810
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 246 564 810
Depreciation
At 1 September 2023 72 176 248
Charge for year 61 188 249
On disposals
Other adjustments
At 31 August 2024 133 364 497
Net book value
At 31 August 2024 113 200 313
At 31 August 2023 174 388 562

KHEPERA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 5,770 0
Other debtors 112 400
Total 5,882 400

KHEPERA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 972 1,566
Taxation and social security 1,238 557
Other creditors 347 476
Total 2,557 2,599

COMMUNITY INTEREST ANNUAL REPORT

KHEPERA CIC

Company Number: 09730226 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Supporting people on lower incomes, on nutrition - offering support through cooking classes and events, food and wellbeing education. We have run several projects within hostels, community groups and schools, improving cooking skills, increasing health knowledge, encouraging healthy relationships with foods, helping fussy eaters & reducing anti-social behaviour, mental health issues and metabolic syndrome through engagement.

Consultation with stakeholders

Stakeholders are all the directors, consultations are held regularly over the CIC activities, Accounts & future strategies.

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
29 May 2025

And signed on behalf of the board by:
Name: John Neckles
Status: Director