SL CREATIVES PROJECT C.I.C.

Company limited by guarantee

Company Registration Number:
10745652 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SL CREATIVES PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

SL CREATIVES PROJECT C.I.C.

Directors' report period ended 31 March 2023

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

Directors

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

Charmaine Taylor
Donna Rooney
Lucan Anthony Richards
Toni Ann Jones
Abigail Kristina Chinchen


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
31 January 2024

And signed on behalf of the board by:
Name: Charmaine Taylor
Status: Director

SL CREATIVES PROJECT C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: ( 13,497 ) ( 11,218 )
Gross profit(or loss): (13,497) (11,218)
Administrative expenses: ( 29,258 ) ( 62,840 )
Other operating income: 74,679 69,124
Operating profit(or loss): 31,924 (4,934)
Interest receivable and similar income: 1
Interest payable and similar charges: ( 1 )
Profit(or loss) before tax: 31,923 (4,933)
Tax: ( 5,770 ) 0
Profit(or loss) for the financial year: 26,153 (4,933)

SL CREATIVES PROJECT C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 1,560 1,560
Tangible assets: 4 1,300 750
Total fixed assets: 2,860 2,310
Current assets
Debtors: 5 30,847 8,063
Cash at bank and in hand: 15,683 9,848
Total current assets: 46,530 17,911
Creditors: amounts falling due within one year: 6 ( 2,698 ) ( 5,452 )
Net current assets (liabilities): 43,832 12,459
Total assets less current liabilities: 46,692 14,769
Accruals and deferred income: 0
Total net assets (liabilities): 46,692 14,769
Members' funds
Profit and loss account: 46,692 14,769
Total members' funds: 46,692 14,769

The notes form part of these financial statements

SL CREATIVES PROJECT C.I.C.

Balance sheet statements

For the year ending 31 March 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 31 January 2024
and signed on behalf of the board by:

Name: Charmaine Taylor
Status: Director

The notes form part of these financial statements

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 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

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. 25%

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2022 1,560 1,560
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 1,560 1,560
Amortisation
At 1 April 2022 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2023 0 0
Net book value
At 31 March 2023 1,560 1,560
At 31 March 2022 1,560 1,560

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,000 1,000
Additions 800 800
Disposals
Revaluations
Transfers
At 31 March 2023 1,800 1,800
Depreciation
At 1 April 2022 250 250
Charge for year 250 250
On disposals
Other adjustments
At 31 March 2023 500 500
Net book value
At 31 March 2023 1,300 1,300
At 31 March 2022 750 750

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 22,784 0
Prepayments and accrued income 1,425 1,425
Other debtors 6,638 6,638
Total 30,847 8,063

SL CREATIVES PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Accruals and deferred income 1,440 720
Other creditors 1,258 4,732
Total 2,698 5,452

COMMUNITY INTEREST ANNUAL REPORT

SL CREATIVES PROJECT C.I.C.

Company Number: 10745652 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

SL Creatives Project is a community company that supports Women and Marginalised Genders into Employment and Paid internships for financial year ending 31st March 2023 we have used funding to focus on covering core costs and focussing on marketing and recruitment for our service users, we have invested our website services and advertising for the studio. We are continually try to focus not just on brand partnerships but recruitment services looking for stronger long term government and local authority contracts to ensure that we can try and plan our financials 2-3 years and sustain the business and look at growth whilst we navigate high cost of living and increases of core costs. We have managed to produce key social posts to encourage positive mental health and flexible working to support those that need work to be flexible with childcare and carer responsibilities. We have decided to continue to support clients online zoom meetings as travel costs increase for clients we do not want this to deter them from seeking our support and want to continue to increase our client bookings and look at ensuring we have technical support with the functionality, of the website as we notice plug ins and bugs are imperative to resolve.We hope that we can get more lucrative funding and contracts to continue to push our mission.

Consultation with stakeholders

All stakeholders are regularly consulted on business developments changes,

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
31 January 2024

And signed on behalf of the board by:
Name: Charmaine Taylor
Status: Director