SOMI ACADEMY CIC

Company limited by guarantee

Company Registration Number:
12976684 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

SOMI ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOMI ACADEMY CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 214 252
Investments:   0 0
Total fixed assets: 214 252
Current assets
Stocks:   0 0
Debtors: 4 9,553 321
Cash at bank and in hand: 6,667 31,708
Investments:   0 0
Total current assets: 16,220 32,029
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 16,575 ) ( 32,173 )
Net current assets (liabilities): (355) (144)
Total assets less current liabilities: (141) 108
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (141) 108
Members' funds
Profit and loss account: (141) 108
Total members' funds: ( 141) 108

The notes form part of these financial statements

SOMI ACADEMY CIC

Balance sheet statements

For the year ending 30 April 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 18 January 2024
and signed on behalf of the board by:

Name: Mr J A Turner
Status: Director

The notes form part of these financial statements

SOMI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciationis provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to writeoff the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis overits expected useful life, as follows:Plant and machinery etc. 15 % reducing balanceResidual value represents the estimated amount which would currently be obtained from disposal of an asset, afterdeducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end ofits useful life.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and thecarrying value of the asset, and is credited or charged to profit or loss.

SOMI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

SOMI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 272 272
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 272 272
Depreciation
At 1 May 2022 20 20
Charge for year 38 38
On disposals
Other adjustments
At 30 April 2023 58 58
Net book value
At 30 April 2023 214 214
At 30 April 2022 252 252

SOMI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Trade debtors 8,436 321
Other debtors 1,117 0
Total 9,553 321

SOMI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 323 5,323
Other creditors 16,252 26,850
Total 16,575 32,173

COMMUNITY INTEREST ANNUAL REPORT

SOMI ACADEMY CIC

Company Number: 12976684 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The company is a non-for-profit education provider currently serving LIPA Primary School in Liverpool. The company specialises in music and performing arts education for children.Its mission is to create long term, sustainable social change through music and the performing arts. The company provides children in the community with opportunities to explore and develop their self-expression, creativity, critical thinking, performance skills and cultural understanding, boosting their self-esteem and self-confidence from an early age. It supports the full educational spectrum from EYFS, through primary, secondary, FE & HE, to family-based & intergenerational projects in the wider community.

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
18 January 2024

And signed on behalf of the board by:
Name: Mr J A Turner
Status: Director