Contents of the Financial Statements

for the Period Ended 31 March 2025

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

Directors' report period ended 31 March 2025

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

Directors

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

H Onibudo
N Bryars
R Robins
J Sharpe

The director shown below has held office during the period of
1 April 2024 to 12 December 2024

U Thakkar

The director shown below has held office during the period of
30 October 2024 to 31 March 2025

R Kassam

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
3 September 2025

And signed on behalf of the board by:
Name: H Onibudo
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

	2025	2024
	£	£
Turnover:	118,465	105,188
Cost of sales:	( 15,224 )	( 187,701 )
Gross profit(or loss):	103,241	(82,513)
Administrative expenses:	( 448,004 )	( 207,760 )
Other operating income:	421,295	301,027
Operating profit(or loss):	76,532	10,754
Interest receivable and similar income:	0	0
Interest payable and similar charges:	( 1,139 )	( 1,118 )
Profit(or loss) before tax:	75,393	9,636
Tax:	( 7,121 )
Profit(or loss) for the financial year:	68,272	9,636

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Intangible assets:	3	1,550	3,100
Tangible assets:	4	19,530	24,764
Total fixed assets:		21,080	27,864
Current assets
Debtors:	5	15,864	19,247
Cash at bank and in hand:		155,333	67,541
Total current assets:		171,197	86,788
Creditors: amounts falling due within one year:	6	( 133,713 )	( 75,995 )
Net current assets (liabilities):		37,484	10,793
Total assets less current liabilities:		58,564	38,657
Creditors: amounts falling due after more than one year:	7	( 64,238 )	( 112,603 )
Total net assets (liabilities):		(5,674)	(73,946)
Members' funds
Profit and loss account:		(5,674)	( 73,946)
Total members' funds:		( 5,674)	(73,946)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 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

  Turnover policy

  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. Revenue from sale of goods Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably. Revenue from rendering of services Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. Government grants or assistance Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

  Tangible fixed assets depreciation policy

  All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Land & Buildings 16% Reducing balance Plant & Machinery 25% Reducing balance Fixtures and Fittings 25% Reducing balance Office equipment 33% Reducing balance

  Intangible fixed assets amortisation policy

  Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. These are amortised on a 16.67% Straight line basis

  Other accounting policies

  Further information regarding the company's income Grants from Trusts and Foundations- A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	5	3