SECOND TIME AROUND CIC

Company limited by guarantee

Company Registration Number:
14236096 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 1 August 2024

End date: 31 July 2025

SECOND TIME AROUND CIC

Contents of the Financial Statements

for the Period Ended 31 July 2025

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

SECOND TIME AROUND CIC

Directors' report period ended 31 July 2025

The directors present their report with the financial statements of the company for the period ended 31 July 2025

Directors

The directors shown below have held office during the whole of the period from
1 August 2024 to 31 July 2025

Victoria Claire Reed
Jacqueline Anne Henson


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
11 September 2025

And signed on behalf of the board by:
Name: Victoria Claire Reed
Status: Director

SECOND TIME AROUND CIC

Profit And Loss Account

for the Period Ended 31 July 2025

2025 2024


£

£
Turnover: 53,036 52,344
Cost of sales: ( 471 )
Gross profit(or loss): 53,036 51,873
Administrative expenses: ( 53,361 ) ( 49,667 )
Operating profit(or loss): (325) 2,206
Profit(or loss) before tax: (325) 2,206
Tax: ( 286 ) ( 343 )
Profit(or loss) for the financial year: (611) 1,863

SECOND TIME AROUND CIC

Balance sheet

As at 31 July 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 10,218 9,570
Total current assets: 10,218 9,570
Creditors: amounts falling due within one year: 3 ( 467 ) ( 524 )
Net current assets (liabilities): 9,751 9,046
Total assets less current liabilities: 9,751 9,046
Total net assets (liabilities): 9,751 9,046
Members' funds
Profit and loss account: 9,751 9,046
Total members' funds: 9,751 9,046

The notes form part of these financial statements

SECOND TIME AROUND CIC

Balance sheet statements

For the year ending 31 July 2025 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 11 September 2025
and signed on behalf of the board by:

Name: Victoria Claire Reed
Status: Director

The notes form part of these financial statements

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 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

    Other accounting policies

    Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

SECOND TIME AROUND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 467 524
Total 467 524

COMMUNITY INTEREST ANNUAL REPORT

SECOND TIME AROUND CIC

Company Number: 14236096 (England and Wales)

Year Ending: 31 July 2025

Company activities and impact

Providing essential goods and services including convenience items, groceries, sanitary products and toiletries for free to help with the increased cost of living. Addressing food waste and poverty by offering free food items (often surplus which reduces food waste within the community). Creating a community hub through the shop by also making it a place to interact socially regardless of background or circumstance. Promoting social inclusion and engagement by offering a welcoming environment for both customers and volunteers regardless of background or ability. Supporting local initiatives by re-investing any surplus funds back into the Syston community, through local groups, organisations and projects.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £24223 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
11 September 2025

And signed on behalf of the board by:
Name: Victoria Claire Reed
Status: Director