POTENTIAL TO SUCCEED CIC

Company limited by guarantee

Company Registration Number:
12992770 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

POTENTIAL TO SUCCEED CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

POTENTIAL TO SUCCEED CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,267 3,200
Total fixed assets: 2,267 3,200
Current assets
Cash at bank and in hand: 7,535 31,191
Total current assets: 7,535 31,191
Creditors: amounts falling due within one year: 4 ( 395 ) ( 25,419 )
Net current assets (liabilities): 7,140 5,772
Total assets less current liabilities: 9,407 8,972
Total net assets (liabilities): 9,407 8,972
Members' funds
Profit and loss account: 9,407 8,972
Total members' funds: 9,407 8,972

The notes form part of these financial statements

POTENTIAL TO SUCCEED CIC

Balance sheet statements

For the year ending 30 November 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 10 April 2025
and signed on behalf of the board by:

Name: David Lewis
Status: Director

The notes form part of these financial statements

POTENTIAL TO SUCCEED CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

POTENTIAL TO SUCCEED CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

POTENTIAL TO SUCCEED CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 8,000 8,000
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 8,000 8,000
Depreciation
At 1 December 2023 4,800 4,800
Charge for year 933 933
On disposals
Other adjustments
At 30 November 2024 5,733 5,733
Net book value
At 30 November 2024 2,267 2,267
At 30 November 2023 3,200 3,200

POTENTIAL TO SUCCEED CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 74 875
Taxation and social security 321 2,100
Accruals and deferred income 22,444
Total 395 25,419

COMMUNITY INTEREST ANNUAL REPORT

POTENTIAL TO SUCCEED CIC

Company Number: 12992770 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Potential To Succeed CIC is a not for profit small organisation based in Pembrokeshire providing community training, support and educational participatory programmes that include social action projects and volunteering opportunities for young people. Our main purpose is to support young people and individuals from across Pembrokeshire. What we do has far reaching impacts upon the young people and communities we support. All of our services, projects and training programmes help our beneficiaries reach their full potential by providing targeted interventions, training, volunteering, and initiatives regardless of race, religion, orientation, gender, age or ethnicity.

Consultation with stakeholders

The Potential to Succeed CIC has continued to work with a range of community and educational stakeholders who have direct links working with young people in Pembrokeshire. To form the main activity for the You Got this. Podcast & Digital Project Young we mainly consulted with educational establishments in Pembrokeshire where we ran the project namely Haverfordwest High VC and Milford Haven School to establish vulnerable pupils who have unpaid carer duties at home who could engage and volunteer on the project. To form the main activity for the POTENTIAL OUTDOORS project, for our younger engagement we mainly consulted with educational establishments in Pembrokeshire namely, Haverfordwest High VC and Milford Haven School, Ysgol Bro Gwaun & Greenhill school. We also consulted with Gryffs Space project to help young people with wellbeing and mental wellness. For our engagement with older people we have consulted with the Living Memory Group to help those living with dementia via use of the accessible outdoor space plus young and older individuals’ part of Yaki Da Project.

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
10 April 2025

And signed on behalf of the board by:
Name: David Lewis
Status: Director