for the Period Ended 30 November 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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( |
| Distribution costs: |
(
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(
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
( |
( |
| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
( |
( |
| Tax: |
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(
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| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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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: | 5 |
(
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(
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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: |
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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: |
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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 30 November 2024
Basis of measurement and preparation
for the Period Ended 30 November 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 30 November 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 December 2023 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 30 November 2024 |
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| Depreciation | ||||||
| At 1 December 2023 |
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| Charge for year |
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| On disposals |
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| Other adjustments |
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| At 30 November 2024 |
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| Net book value | ||||||
| At 30 November 2024 |
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| At 30 November 2023 |
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for the Period Ended 30 November 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 30 November 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Taxation and social security |
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| Accruals and deferred income |
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| Total |
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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
No consultation with stakeholders
The total amount paid or receivable by directors in respect of was £1,831.75.
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