FISH FACTORY STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
12014909 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

FISH FACTORY STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

FISH FACTORY STUDIOS C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 23,044 21,040
Cost of sales: 0 0
Gross profit(or loss): 23,044 21,040
Distribution costs: 0 0
Administrative expenses: ( 33,174 ) ( 34,390 )
Other operating income: 0 14,001
Operating profit(or loss): (10,130) 651
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (10,130) 651
Tax: 0 0
Profit(or loss) for the financial year: (10,130) 651

FISH FACTORY STUDIOS C.I.C.

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 804 1,608
Investments:   0 0
Total fixed assets: 804 1,608
Current assets
Stocks:   0 0
Debtors: 4 1,505 792
Cash at bank and in hand: 365 11,265
Investments:   0 0
Total current assets: 1,870 12,057
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 938 ) ( 662 )
Net current assets (liabilities): 932 11,395
Total assets less current liabilities: 1,736 13,003
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): 1,736 13,003
Members' funds
Profit and loss account: 1,736 13,003
Total members' funds: 1,736 13,003

The notes form part of these financial statements

FISH FACTORY STUDIOS C.I.C.

Balance sheet statements

For the year ending 31 May 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 26 August 2024
and signed on behalf of the board by:

Name: Rose Hatcher
Status: Director

The notes form part of these financial statements

FISH FACTORY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    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.

FISH FACTORY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FISH FACTORY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,608 1,608
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 1,608 1,608
Depreciation
At 1 June 2022 0 0
Charge for year 804 804
On disposals
Other adjustments
At 31 May 2023 804 804
Net book value
At 31 May 2023 804 804
At 31 May 2022 1,608 1,608

FISH FACTORY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,505 792
Total 1,505 792

FISH FACTORY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 938 662
Total 938 662

COMMUNITY INTEREST ANNUAL REPORT

FISH FACTORY STUDIOS C.I.C.

Company Number: 12014909 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

This year Fish Factory Studios continued to provide affordable workspace and opportunities for our artistic community. Although we were still recovering from the aftermath of Covid and did not attract any grant funding during the year we were able to continue to provide the services the community needs and carry out important research into the changing needs of people in our locality. We made a lot of plans for future projects and have plans to apply for funding in the near future. Our international artist residency project continues to be popular, particularly in the summer months benefitting both the visiting artists and our local community who meet artists from all over the world and learn about their work.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £5687.50. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 August 2024

And signed on behalf of the board by:
Name: Rose Hatcher
Status: Director