CLIME-IT BROTHERS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
11660251 (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

CLIME-IT BROTHERS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

CLIME-IT BROTHERS ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 1,920 924
Cost of sales: ( 1,851 ) ( 6,188 )
Gross profit(or loss): 69 (5,264)
Distribution costs: ( 39 ) ( 1,495 )
Administrative expenses: ( 16,324 ) ( 35,245 )
Other operating income: 15,000 35,185
Operating profit(or loss): (1,294) (6,819)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,294) (6,819)
Tax: 0 ( 93 )
Profit(or loss) for the financial year: (1,294) (6,912)

CLIME-IT BROTHERS ACADEMY CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 23,387 29,235
Investments:   0 0
Total fixed assets: 23,387 29,235
Current assets
Stocks:   0 0
Debtors: 4 626 1,084
Cash at bank and in hand: 7,127 2,207
Investments:   0 0
Total current assets: 7,753 3,291
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 479 ) ( 571 )
Net current assets (liabilities): 7,274 2,720
Total assets less current liabilities: 30,661 31,955
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 30,661 31,955
Members' funds
Profit and loss account: 30,661 31,955
Total members' funds: 30,661 31,955

The notes form part of these financial statements

CLIME-IT BROTHERS ACADEMY 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.

This report was approved by the board of directors on 1 September 2025
and signed on behalf of the board by:

Name: Mubarak Ahmed Sheikh Mohamud
Status: Director

The notes form part of these financial statements

CLIME-IT BROTHERS ACADEMY 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

CLIME-IT BROTHERS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 1

CLIME-IT BROTHERS ACADEMY 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 0 46,849 480 12,533 0 59,862
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 November 2024 0 46,849 480 12,533 0 59,862
Depreciation
At 1 December 2023 0 24,460 283 5,884 0 30,627
Charge for year 0 4,478 40 1,330 0 5,848
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 November 2024 0 28,938 323 7,214 0 36,475
Net book value
At 30 November 2024 0 17,911 157 5,319 0 23,387
At 30 November 2023 0 22,389 197 6,649 0 29,235

CLIME-IT BROTHERS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
£ £
Other debtors 626 1,084
Total 626 1,084
Debtors due after more than one year: 0 0

CLIME-IT BROTHERS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Taxation and social security 0 93
Accruals and deferred income 479 478
Total 479 571

COMMUNITY INTEREST ANNUAL REPORT

CLIME-IT BROTHERS ACADEMY CIC

Company Number: 11660251 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Company activities and impact CLIME-IT BROTHERS ACADEMY CIC is a social project based in Camden Market, London. The Academy focuses on reeducating young ex-offenders by teaching them how to start a clothing business. We offer a free, 4-month course that guides participants through the entire process, from design to production. We believe that providing these individuals with the skills to carn a legitimate income helps them move away from criminal activities. During the financial year 2021-22, we supported our community by offering these courses to local residents. Additionally, we provided part-time employment to three young people through our retail store. We create a space where young people can learn about design, receive mentorship on brand creation, and develop essential skills such as vinyl making and embroidery. Consultation with stakeholders No consultation with stakeholders Directors' remuneration The total amount paid or receivable by directors in respect of was £1,831.75. Transfer of assets No transfer of assets other than for full consideration

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of was £1,831.75.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 September 2025

And signed on behalf of the board by:
Name: Mubarak Ahmed Sheikh Mohamud
Status: Director