EAGLE BIZNET UK C.I.C.

EAGLE BIZNET UK C.I.C.

EAGLE BIZNET UK C.I.C. - Company Information

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EAGLE BIZNET UK C.I.C.

Company limited by guarantee

Company Registration Number:
10771861 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2021

Period of accounts

Start date: 1 June 2020

End date: 31 May 2021

EAGLE BIZNET UK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2021

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

EAGLE BIZNET UK C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2021

2021 2020


£
£
Turnover: 1,990 420
Gross profit(or loss): 1,990 420
Administrative expenses: ( 1,029 ) ( 902 )
Operating profit(or loss): 961 (482)
Profit(or loss) before tax: 961 (482)
Tax: ( 198 )
Profit(or loss) for the financial year: 763 (482)

EAGLE BIZNET UK C.I.C.

Balance sheet

As at 31 May 2021

Notes 2021 2020


£
£
Fixed assets
Tangible assets: 3 869 0
Total fixed assets: 869 0
Current assets
Cash at bank and in hand: 299 1,006
Total current assets: 299 1,006
Creditors: amounts falling due within one year: 4 ( 748 ) ( 1,350 )
Net current assets (liabilities): (449) (344)
Total assets less current liabilities: 420 ( 344)
Total net assets (liabilities): 420 (344)
Members' funds
Profit and loss account: 420 ( 344)
Total members' funds: 420 (344)

The notes form part of these financial statements

EAGLE BIZNET UK C.I.C.

Balance sheet statements

For the year ending 31 May 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 1 June 2021
and signed on behalf of the board by:

Name: Felix Akande
Status: Director

The notes form part of these financial statements

EAGLE BIZNET UK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Tangible fixed assets are included on the assets register at cost and depreciated on a straight line basis over four years.

EAGLE BIZNET UK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 0 0

EAGLE BIZNET UK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2020 0 0
Additions 1,158 1,158
Disposals
Revaluations
Transfers
At 31 May 2021 1,158 1,158
Depreciation
At 1 June 2020 0 0
Charge for year 289 289
On disposals
Other adjustments
At 31 May 2021 289 289
Net book value
At 31 May 2021 869 869
At 31 May 2020 0 0

EAGLE BIZNET UK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Trade creditors 550 1,350
Taxation and social security 198
Total 748 1,350

COMMUNITY INTEREST ANNUAL REPORT

EAGLE BIZNET UK C.I.C.

Company Number: 10771861 (England and Wales)

Year Ending: 31 May 2021

Company activities and impact

EAGLE BIZNET UK C.I.C. is a corporate community of minority ethnic entrepreneurs and businesses. We were founded to provide insight, guided support for small business owners to ensure that they can start and run hugely successful businesses. We do this through the following activities -Business Planning Workshops and ForumsBusiness Breakfast MeetingNetworking EventsThis past year we have not be fully operative as a result of the pandemic. Some businesses have struggled, and some are still finding their way back to growth. We are looking to nowRestart our networking events from MarchPublish a Directory of businesses in our network.EAGLE BIZNET UK C.I.C. started essentially through a meeting of mainly Nigerians resident in Leeds who were members of the Nigerian Community Leeds. We intend to hold an annual general meeting this year to inform on future plans for the company and begin to optimise the potential of the businesses within our network.We will continue to use our WhatsApp forum to disseminate relevant information for the benefit of our members.

Consultation with stakeholders

No consultation with stakeholders

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
1 June 2021

And signed on behalf of the board by:
Name: Felix Akande
Status: Director