for the Period Ended 31 May 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 13 months to 31 May 2024 | ||
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£ |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
(
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| Other operating income: |
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| Operating profit(or loss): |
( |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
( |
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| Tax: |
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| Profit(or loss) for the financial year: |
( |
As at
| Notes | 13 months to 31 May 2024 | ||
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£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 3 |
(
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| Provision for liabilities: |
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| Accruals and deferred income: |
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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: |
( |
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 31 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
| 13 months to 31 May 2024 | ||
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 May 2024
| 13 months to 31 May 2024 | ||
|---|---|---|
| £ | ||
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Other creditors |
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| Total |
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Scondy's CIC was incorporated to provide community benefit through food-based social initiatives, particularly by engaging young people in work experience, skill-building, and entrepreneurial activities. During this financial period, the company did not commence trading but undertook initial setup activities including equipment purchasing and preparation for launch. The company began delivering introductory workshops and engagement events aimed at young people and community members. These sessions were designed to introduce the vision of the CIC, raise awareness of upcoming programmes, and build connections with potential service users and partner organisations. Although no income was generated during this period, the activities were funded through personal contributions and small-scale expenditure to get the project off the ground.
Stakeholder consultation has taken place with members of the community, including young people, parents, and local organisations such as youth centres and schools. These conversations took place informally during outreach events and early engagement workshops, where we introduced our concept and approach. We received positive feedback, which helped shape the delivery of our pilot sessions and confirmed the need for the service in the area.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 August 2025
And signed on behalf of the board by:
Name: Alex Sodimu
Status: Director