AUDLEY CENTRE CIC

Company Registration Number:
11018460 (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

AUDLEY CENTRE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

AUDLEY CENTRE CIC

Directors' report period ended 31 October 2024

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

Principal activities of the company

The company's principal activity during the year continued to be the renting out of a community centre.



Directors

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

Mohammed Omar Zaman
Tayab Naveed
Zuber Abdul Yunus


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
23 July 2025

And signed on behalf of the board by:
Name: Mohammed Omar Zaman
Status: Director

AUDLEY CENTRE CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 99,174 100,008
Cost of sales: ( 12,129 ) ( 4,000 )
Gross profit(or loss): 87,045 96,008
Administrative expenses: ( 123,830 ) ( 106,660 )
Other operating income: 19,980
Operating profit(or loss): (16,805) (10,652)
Interest receivable and similar income: 480 301
Interest payable and similar charges: ( 562 ) ( 878 )
Profit(or loss) before tax: (16,887) (11,229)
Profit(or loss) for the financial year: (16,887) (11,229)

AUDLEY CENTRE CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,521 7,483
Total fixed assets: 3,521 7,483
Current assets
Cash at bank and in hand: 30,376 47,372
Total current assets: 30,376 47,372
Creditors: amounts falling due within one year: 4 ( 37,416 ) ( 31,487 )
Net current assets (liabilities): (7,040) 15,885
Total assets less current liabilities: (3,519) 23,368
Creditors: amounts falling due after more than one year: 5 ( 5,867 ) ( 15,867 )
Total net assets (liabilities): (9,386) 7,501
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (9,486 ) 7,401
Total Shareholders' funds: ( 9,386 ) 7,501

The notes form part of these financial statements

AUDLEY CENTRE CIC

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 23 July 2025
and signed on behalf of the board by:

Name: Mohammed Omar Zaman
Status: Director

The notes form part of these financial statements

AUDLEY CENTRE CIC

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

    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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings: over 50 years Leasehold land and buildings: over the lease term Plant and machinery: 10% reducing balance Fixtures, fittings, tools and equipment: 10% reducing balance

    Other accounting policies

    Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

AUDLEY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

AUDLEY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 15,848 15,848
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 15,848 15,848
Depreciation
At 1 November 2023 8,365 8,365
Charge for year 3,962 3,962
On disposals
Other adjustments
At 31 October 2024 12,327 12,327
Net book value
At 31 October 2024 3,521 3,521
At 31 October 2023 7,483 7,483

AUDLEY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,800 10,800
Other creditors 26,616 20,687
Total 37,416 31,487

AUDLEY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

2024 2023
£ £
Bank loans and overdrafts 5,867 15,867
Total 5,867 15,867

COMMUNITY INTEREST ANNUAL REPORT

AUDLEY CENTRE CIC

Company Number: 11018460 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The Company provides sports and fitness facilities to the local community enabling them to keep healthy and active. It also provides hall hire to enable community functions to be held. This benefits the local community by providing them with an opportunity to improve their health and enabling them to hold functions locally. The Company also employs local people. The Company’s principal activity during the year was the provision of extended learning for young people.

Consultation with stakeholders

The Company’s stakeholder is Mohammed Omar Zaman. The stakeholder was consulted regarding the accounts, no action was taken.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 July 2025

And signed on behalf of the board by:
Name: Mohammed Omar Zaman
Status: Director