for the Period Ended 28 February 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2025
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
29 February 2024
to
28 February 2025
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Turnover: |
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | 2024 | |
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£ |
£ |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2025
Basis of measurement and preparation
for the Period Ended 28 February 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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Africa Fashion Week Initiative CIC exists to empower and support young people, particularly from ethnic minority backgrounds, to develop their creative and entrepreneurial skills within the fashion and cultural industries. We do this by providing access to training, mentorship, exhibitions, and platform opportunities that encourage self-expression, confidence building, and career development.
The company’s stakeholders are – The youths within the Black Asian and Minority Ethnic Communities (BAME). These stakeholders were consulted by organisation regarding the benefits the organisation activities brings to the community. Primarily young people aged 16-30 from underrepresented ethnic backgrounds across the UK, especially those from economically disadvantaged communities with limited access to creative industry opportunities
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 June 2025
And signed on behalf of the board by:
Name: Ronke Ademiluyi
Status: Director