7 SPHERES C.I.C.

Company limited by guarantee

Company Registration Number:
12936751 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

7 SPHERES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

7 SPHERES C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 1,875 126
Cost of sales: ( 2,777 ) ( 9,959 )
Gross profit(or loss): (902) (9,833)
Administrative expenses: ( 5,584 ) ( 5,465 )
Other operating income: 6,211 15,298
Operating profit(or loss): (275) 0
Profit(or loss) before tax: (275) 0
Profit(or loss) for the financial year: (275) 0

7 SPHERES C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 6,211
Cash at bank and in hand: 4,244 9,424
Total current assets: 10,455 9,424
Net current assets (liabilities): 10,455 9,424
Total assets less current liabilities: 10,455 9,424
Creditors: amounts falling due after more than one year: 4 ( 13,597 ) ( 12,291 )
Total net assets (liabilities): (3,142) (2,867)
Members' funds
Profit and loss account: (3,142) ( 2,867)
Total members' funds: ( 3,142) (2,867)

The notes form part of these financial statements

7 SPHERES C.I.C.

Balance sheet statements

For the year ending 31 October 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 21 June 2025
and signed on behalf of the board by:

Name: Suja Alsalman
Status: Director

The notes form part of these financial statements

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Other debtors 6,211
Total 6,211

7 SPHERES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 13,597 12,291
Total 13,597 12,291

COMMUNITY INTEREST ANNUAL REPORT

7 SPHERES C.I.C.

Company Number: 12936751 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

7 Spheres is focused on bringing communities together. The company runs events to benefit communities in London affected by poverty, social or digital isolation and housing inequality. 7 Spheres runs activities for all ages, cultures and backgrounds in the hope to raise spirits within the community. 7 Spheres has continued to provide activities to benefit the community. During the financial year some of the activities which have benefited the community include: Organising events where women of diverse ages and backgrounds at risk of social isolation were able to come together in a safe environment, play volleyball and create new friendships preventing isolation. Organising chess clubs for local children in the community affected by poverty and housing inequality. This assisted in strengthening community ties between people of different cultures and backgrounds in the community, raising spirits and preventing isolation. Our local gatherings have utilised local foods shops and traders, this has helped in supporting the local economy and also building community ties by introducing the local community to local traders in their area.

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
21 June 2025

And signed on behalf of the board by:
Name: Suja Alsalman
Status: Director