LEGS CREATIVE ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
09702830 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

LEGS CREATIVE ARTS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

LEGS CREATIVE ARTS C.I.C.

Directors' report period ended 31 July 2023

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

Principal activities of the company

The company's principal activity during the year was the provision of cultural creative art projects



Directors

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

J TAYLOR
L J WILSON
O FOSTER
K NICHOLSON


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
9 April 2024

And signed on behalf of the board by:
Name: J TAYLOR
Status: Director

LEGS CREATIVE ARTS C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 36,702 60,480
Cost of sales: ( 26,886 ) ( 33,479 )
Gross profit(or loss): 9,816 27,001
Administrative expenses: ( 10,850 ) ( 26,492 )
Operating profit(or loss): (1,034) 509
Interest payable and similar charges: ( 171 ) ( 221 )
Profit(or loss) before tax: (1,205) 288
Profit(or loss) for the financial year: (1,205) 288

LEGS CREATIVE ARTS C.I.C.

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,939 4,925
Total fixed assets: 3,939 4,925
Current assets
Debtors: 4 6,227 1,400
Cash at bank and in hand: 1,744 19,815
Total current assets: 7,971 21,215
Creditors: amounts falling due within one year: 5 ( 9,721 ) ( 20,746 )
Net current assets (liabilities): (1,750) 469
Total assets less current liabilities: 2,189 5,394
Creditors: amounts falling due after more than one year: 6 ( 3,666 ) ( 5,666 )
Total net assets (liabilities): (1,477) (272)
Members' funds
Profit and loss account: (1,477) ( 272)
Total members' funds: ( 1,477) (272)

The notes form part of these financial statements

LEGS CREATIVE ARTS C.I.C.

Balance sheet statements

For the year ending 31 July 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 9 April 2024
and signed on behalf of the board by:

Name: J TAYLOR
Status: Director

The notes form part of these financial statements

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 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 is provided at the following annual rates in order to write off each asset over its estimated useful life:Fixtures and fittings - 20% reducing balance

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 20,039 20,039
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 20,039 20,039
Depreciation
At 1 August 2022 15,114 15,114
Charge for year 986 986
On disposals
Other adjustments
At 31 July 2023 16,100 16,100
Net book value
At 31 July 2023 3,939 3,939
At 31 July 2022 4,925 4,925

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Other debtors 6,227 1,400
Total 6,227 1,400

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 2,000 2,000
Accruals and deferred income 2,819 17,503
Other creditors 4,902 1,243
Total 9,721 20,746

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 3,666 5,666
Total 3,666 5,666

COMMUNITY INTEREST ANNUAL REPORT

LEGS CREATIVE ARTS C.I.C.

Company Number: 09702830 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

During the year the company continued to provide creative arts and cultural projects throughout the North East of England. The sessions and projects included dance, drama, sport, play schemes and other fitness and well-being activities. The sessions and activities enable participants to access such provision free of charge as otherwise they would largely be unable to access these benefits. The sessions seek to improve both physical and mental health of participants, and sessions are fully inclusive to include those with disabilities.

Consultation with stakeholders

Our stakeholders are local community members and community groups. Activities have been largely delivered in areas of deprivation and to low socio-economic groups. At all sessions feedback is encouraged from participants to help shape future delivery to stakeholders needs.

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
9 April 2024

And signed on behalf of the board by:
Name: J TAYLOR
Status: Director