JAX STORY C.I.C.

Company limited by guarantee

Company Registration Number:
12287554 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

JAX STORY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

JAX STORY C.I.C.

Directors' report period ended 31 October 2023

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

Directors

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

David Bradley
Charlotte Louise Lawton


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
30 July 2024

And signed on behalf of the board by:
Name: David Bradley
Status: Director

JAX STORY C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 53,645 78,244
Gross profit(or loss): 53,645 78,244
Administrative expenses: ( 51,532 ) ( 80,289 )
Operating profit(or loss): 2,113 (2,045)
Profit(or loss) before tax: 2,113 (2,045)
Tax: 243
Profit(or loss) for the financial year: 2,113 (1,802)

JAX STORY C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 531 1,167
Total fixed assets: 531 1,167
Current assets
Cash at bank and in hand: 47,063 1,618
Total current assets: 47,063 1,618
Creditors: amounts falling due within one year: 4 ( 47,283 ) ( 4,587 )
Net current assets (liabilities): (220) (2,969)
Total assets less current liabilities: 311 ( 1,802)
Total net assets (liabilities): 311 (1,802)
Members' funds
Profit and loss account: 311 ( 1,802)
Total members' funds: 311 (1,802)

The notes form part of these financial statements

JAX STORY C.I.C.

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: David Bradley
Status: Director

The notes form part of these financial statements

JAX STORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fixtures and fittings - 25% straight line

    Other accounting policies

    Basis of preparationThe financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.Revenue recognitionTurnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of 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.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

JAX STORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 2

JAX STORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 2,545 2,545
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 2,545 2,545
Depreciation
At 1 November 2022 1,378 1,378
Charge for year 636 636
On disposals
Other adjustments
At 31 October 2023 2,014 2,014
Net book value
At 31 October 2023 531 531
At 31 October 2022 1,167 1,167

JAX STORY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 2,441 3,627
Accruals and deferred income 44,842 960
Total 47,283 4,587

COMMUNITY INTEREST ANNUAL REPORT

JAX STORY C.I.C.

Company Number: 12287554 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company aims to raise awareness and provide interventions to those persons who are struggling with gaming disorder or social media addictions.We believe if we take early action and offer awareness programmes across the community, we can make a positive change to these children, their families/carers and educational staff, before it can become a real issue and to prevent the damage caused by this.

Consultation with stakeholders

Stakeholders include the local people of Hartlepool, communities, educational establishments and Local Authorities.We go into such services and advise on treatments and interventions work so that we can:Increase social skillsIncrease exercise to reduce physical/mental health problemsIncrease school attendanceImprove on concentration and engagement in educationIncrease employment and training opportunitiesIncrease positive family dynamicsIncrease in participation and engagement in a wide range of activities

Directors' remuneration

Directors remuneration amounted to £38,075.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 July 2024

And signed on behalf of the board by:
Name: David Bradley
Status: Director