THE BLACK POUNDS PROJECT CIC

Company Registration Number:
12680084 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

THE BLACK POUNDS PROJECT CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

THE BLACK POUNDS PROJECT CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 60,329 149
Cost of sales: ( 49,323 )
Gross profit(or loss): 11,006 149
Administrative expenses: ( 11,939 )
Operating profit(or loss): (933) 149
Profit(or loss) before tax: (933) 149
Profit(or loss) for the financial year: (933) 149

THE BLACK POUNDS PROJECT CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 232 464
Total fixed assets: 232 464
Current assets
Debtors: 4 0 686
Cash at bank and in hand: 1,411 397
Total current assets: 1,411 1,083
Creditors: amounts falling due within one year: 5 ( 1,490 ) ( 461 )
Net current assets (liabilities): (79) 622
Total assets less current liabilities: 153 1,086
Total net assets (liabilities): 153 1,086
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 152 1,085
Total Shareholders' funds: 153 1,086

The notes form part of these financial statements

THE BLACK POUNDS PROJECT CIC

Balance sheet statements

For the year ending 30 June 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 27 June 2025
and signed on behalf of the board by:

Name: Carguil Lloyd George Webley
Status: Director

The notes form part of these financial statements

THE BLACK POUNDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

    Assets are depreciated on a straight line basis over 3 years.

THE BLACK POUNDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE BLACK POUNDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 696 696
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 696 696
Depreciation
At 1 July 2023 232 232
Charge for year 232 232
On disposals
Other adjustments
At 30 June 2024 464 464
Net book value
At 30 June 2024 232 232
At 30 June 2023 464 464

THE BLACK POUNDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 686
Total 0 686

THE BLACK POUNDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 1,490 461
Total 1,490 461

COMMUNITY INTEREST ANNUAL REPORT

THE BLACK POUNDS PROJECT CIC

Company Number: 12680084 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company has continued to work with traditionally under-served communities, giving them a platform to launch their own businesses, but we also provide them with Mentorship on all aspects of running a business.

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
26 June 2025

And signed on behalf of the board by:
Name: Carguil Lloyd George Webley
Status: Director