THE SNUG AFTER DARK C.I.C.

Company Registration Number:
12328796 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 December 2021

End date: 31 May 2023

THE SNUG AFTER DARK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE SNUG AFTER DARK C.I.C.

Directors' report period ended 31 May 2023

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

Directors

The director shown below has held office during the whole of the period from
1 December 2021 to 31 May 2023

Rachael Flaszczak


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 November 2023

And signed on behalf of the board by:
Name: Rachael Flaszczak
Status: Director

THE SNUG AFTER DARK C.I.C.

Balance sheet

As at 31 May 2023

Notes 18 months to 31 May 2023 2021


£

£
Fixed assets
Tangible assets: 3 2,931 3,908
Total fixed assets: 2,931 3,908
Current assets
Cash at bank and in hand: 150 4,317
Total current assets: 150 4,317
Creditors: amounts falling due within one year: 4 ( 1,486 ) ( 6,598 )
Net current assets (liabilities): (1,336) (2,281)
Total assets less current liabilities: 1,595 1,627
Total net assets (liabilities): 1,595 1,627
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,593 1,625
Total Shareholders' funds: 1,595 1,627

The notes form part of these financial statements

THE SNUG AFTER DARK C.I.C.

Balance sheet statements

For the year ending 31 May 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 November 2023
and signed on behalf of the board by:

Name: Rachael Flaszczak
Status: Director

The notes form part of these financial statements

THE SNUG AFTER DARK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 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 is measured at the fair value of the consideration received or receivable for goods supplied, netof discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluationincrease accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, overthe useful economic life of that asset as follows:Motor vehicles 20% straight line

THE SNUG AFTER DARK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    18 months to 31 May 2023 2021
    Average number of employees during the period 2 6

THE SNUG AFTER DARK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 4,885 4,885
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 4,885 4,885
Depreciation
At 1 December 2021 977 977
Charge for year 977 977
On disposals
Other adjustments
At 31 May 2023 1,954 1,954
Net book value
At 31 May 2023 2,931 2,931
At 30 November 2021 3,908 3,908

THE SNUG AFTER DARK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

18 months to 31 May 2023 2021
£ £
Other creditors 1,486 6,598
Total 1,486 6,598

COMMUNITY INTEREST ANNUAL REPORT

THE SNUG AFTER DARK C.I.C.

Company Number: 12328796 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company runs a community, grassroots live music venue by night in a space that runs a community coffee shop by day. During the current financial year, the companies activities have helped the community by providing a local safe space where music lovers of the town can enjoy live music without threat to their mental or physical health. All of our events are aged 14 years and older to encourage a family environment and help develop young peoples interest in music. We also provide employment and training opportunities by offering apprenticeships in various roles.

Consultation with stakeholders

The company's stakeholders are the residents of the local area and the local musicians who play at the venue. The directors of the company live in the local area and understand the needs of the town. The business model was developed through the directors' experience of regular communication with the local residents.

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
29 November 2023

And signed on behalf of the board by:
Name: Rachael Flaszczak
Status: Director