TIMA LONDON CIC

TIMA LONDON CIC

TIMA LONDON CIC - Company Information

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TIMA LONDON CIC

Company limited by guarantee

Company Registration Number:
12503137 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 6 March 2020

End date: 31 March 2021

TIMA LONDON CIC

Contents of the Financial Statements

for the Period Ended 31 March 2021

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

TIMA LONDON CIC

Profit And Loss Account

for the Period Ended 31 March 2021

13 months to 31 March 2021


£
Turnover: 1,202
Cost of sales: ( 172 )
Gross profit(or loss): 1,030
Distribution costs: 0
Administrative expenses: ( 892 )
Other operating income: 0
Operating profit(or loss): 138
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 138
Tax: 0
Profit(or loss) for the financial year: 138

TIMA LONDON CIC

Balance sheet

As at 31 March 2021

Notes 13 months to 31 March 2021


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 301
Investments:   0
Total fixed assets: 301
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 228
Total current assets: 228
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 228
Total assets less current liabilities: 529
Creditors: amounts falling due after more than one year: 4 ( 347 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 182
Members' funds
Profit and loss account: 182
Total members' funds: 182

The notes form part of these financial statements

TIMA LONDON CIC

Balance sheet statements

For the year ending 31 March 2021 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 30 December 2021
and signed on behalf of the board by:

Name: Asante Lawla
Status: Director

The notes form part of these financial statements

TIMA LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 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

TIMA LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    13 months to 31 March 2021
    Average number of employees during the period 0

TIMA LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 393 0 0 0 393
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2021 0 393 0 0 0 393
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 92 0 0 0 92
At 31 March 2021 0 92 0 0 0 92
Net book value
At 31 March 2021 0 301 0 0 0 301

TIMA LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due after more than one year note

13 months to 31 March 2021
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 347
Total 347

COMMUNITY INTEREST ANNUAL REPORT

TIMA LONDON CIC

Company Number: 12503137 (England and Wales)

Year Ending: 31 March 2021

Company activities and impact

The company runs martial arts, yoga and meditation classes.This business has impacted the community by providing health fitness and well-being services for the area. These include :- Help with rehabilitation for students with prior sports injuries, via stretching and strengthening exercises contained within our system of yoga. Our Director and class teacher Asante Lawla is an NASM certified corrective exercise specialist and has combined that knowledge with his martial training to help in this area.- Confidence building via learning self-defense and practical martial arts.- Aiding people in dealing with stress, anxiety via meditation and breathing techniques

Consultation with stakeholders

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

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2021

And signed on behalf of the board by:
Name: Asante Lawla
Status: Director