for the Period Ended 30 July 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 July 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
31 July 2022 to 30 July 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 7 | ( | ( |
Total net assets (liabilities): | | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | ( | |
Total Shareholders' funds: | | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 July 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 July 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 July 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 31 July 2022 | | | | | ||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 July 2023 | | | | | ||
Depreciation | ||||||
At 31 July 2022 | | | | | ||
Charge for year | ||||||
On disposals | ||||||
Other adjustments | ||||||
At 30 July 2023 | | | | | ||
Net book value | ||||||
At 30 July 2023 | | | | | ||
At 30 July 2022 | | | | |
for the Period Ended 30 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 30 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 30 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Total | | |
for the Period Ended 30 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
Globe Arts Education CIC operates as an independent art school whose aim is to increase the educational and professional profile and value of art, promote wellbeing and narrow the gap in expertise, confidence and art facility. We do this by working with individuals, other artists, schools and young people, this is achieved by providing high quality bespoke art workshops, accessing skilled art tutors and professional artists. Weekly art and craft classes are provided that include drawing and painting, life drawing, ceramics and fused glass, weekend workshops, after school art provision and funded outreach projects. Our studio holds exhibitions for all local artists of all ages and capabilities. Regular provisions of our facility is used by over 165 people per week.
No consultation with stakeholders
The total amount paid or receivable by directors in respect of qualifying services was £40,400. (£20,400 previous year) There were no other transactions or arrangements in connection with the remuneration of directors, of compensation for directors loss of office, which require to be disclosed
No transfer of assets other than for full consideration
This report was approved by the board of directors on
1 February 2024
And signed on behalf of the board by:
Name: Mrs J L Harrowsmith
Status: Director