EDUCATIONAL LIFE CIC

EDUCATIONAL LIFE CIC - Company Information

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Company Registration Number:
10579841 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

Contents of the Financial Statements

for the Period Ended 31 January 2023


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

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

Educational Life CIC continued to produce a website and social media channels with an emphasis on promoting positive news and inspirational articles from the schools and local community. The company opened for business in January 2017. During the financial year 2022-2023, although limited due to a lack of resources the company's activities benefited the community in the following ways: 1, Sharing good news from the schools which has created an increase in positivity and self-worth.2, Also, working closely with community groups such as Thanet Wanderers Rugby Club and Thanet Athletics Club we continued to work with them to share their messages and good news, we believe we are stronger together with other community groups and have worked hard to link and support other local groups.

Directors

The directors shown below have held office during the whole of the period from
1 February 2022 to 31 January 2023

John Turner
Claire Turner

The director shown below has held office during the period of
1 February 2022 to 21 February 2022

John Nicholson

The director shown below has held office during the period of
5 December 2022 to 31 January 2023

Lisa Twyman

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
29 October 2023

And signed on behalf of the board by:
Name: John Turner
Status: Director

Profit And Loss Account

for the Period Ended 31 January 2023

	2023	2022
	£	£
Turnover:	2,154	2,694
Cost of sales:	( 1,189 )	( 2,132 )
Gross profit(or loss):	965	562
Administrative expenses:	( 2,731 )	( 2,816 )
Operating profit(or loss):	(1,766)	(2,254)
Profit(or loss) before tax:	(1,766)	(2,254)
Profit(or loss) for the financial year:	(1,766)	(2,254)

Balance sheet

As at 31 January 2023

	Notes	2023	2022
		£	£
Current assets
Debtors:		0	0
Cash at bank and in hand:		4	27
Total current assets:		4	27
Creditors: amounts falling due within one year:	3	( 6,247 )	( 4,992 )
Net current assets (liabilities):		(6,243)	(4,965)
Total assets less current liabilities:		(6,243)	( 4,965)
Total net assets (liabilities):		(6,243)	(4,965)
Members' funds
Profit and loss account:		(6,243)	( 4,965)
Total members' funds:		( 6,243)	(4,965)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 January 2023 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 29 October 2023
and signed on behalf of the board by:

Name: John Turner
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

Basis of measurement and preparation

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

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

	2023	2022
Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

	2023	2022
	£	£
Bank loans and overdrafts	6,247	4,992
Total	6,247	4,992

Company activities and impact

Educational Life CIC offers a platform for good news and positivity however due to covid our resources were emptied and as such we have been extremely limited on what we can do. We still offer our website and our social media outlets as a platform to share good news and positivity whilst we are trying to rejuvenate our finances to be able to return to a fully functioning business.

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
12 October 2023

And signed on behalf of the board by:
Name: John Turner
Status: Director

EDUCATIONAL LIFE CIC