LUTON LITERATURE CIC

Company limited by guarantee

Company Registration Number:
12526905 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LUTON LITERATURE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

LUTON LITERATURE CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Providing educational support to the local community



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Miss M.M. Brown


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
6 September 2024

And signed on behalf of the board by:
Name: Miss M.M. Brown
Status: Director

LUTON LITERATURE CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 24,792 34,811
Cost of sales: ( 16,416 ) ( 33,998 )
Gross profit(or loss): 8,376 813
Administrative expenses: ( 8,394 ) ( 1,439 )
Operating profit(or loss): (18) (626)
Interest receivable and similar income: 35
Profit(or loss) before tax: 17 (626)
Profit(or loss) for the financial year: 17 (626)

LUTON LITERATURE CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 590 690
Total fixed assets: 590 690
Current assets
Cash at bank and in hand: 46,229 2,106
Total current assets: 46,229 2,106
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 4,828 ) ( 3,422 )
Net current assets (liabilities): 41,401 (1,316)
Total assets less current liabilities: 41,991 ( 626)
Accruals and deferred income: ( 42,600 )
Total net assets (liabilities): (609) (626)
Members' funds
Profit and loss account: (609) ( 626)
Total members' funds: ( 609) (626)

The notes form part of these financial statements

LUTON LITERATURE CIC

Balance sheet statements

For the year ending 31 March 2024 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 6 September 2024
and signed on behalf of the board by:

Name: Miss M.M. Brown
Status: Director

The notes form part of these financial statements

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Equipment is depreciated on a 15% reducing balance basis

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 0

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 805 805
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 805 805
Depreciation
At 1 April 2023 115 115
Charge for year 100 100
On disposals
Other adjustments
At 31 March 2024 215 215
Net book value
At 31 March 2024 590 590
At 31 March 2023 690 690

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 588 2,942
Taxation and social security 221
Accruals and deferred income 4,019 480
Total 4,828 3,422

COMMUNITY INTEREST ANNUAL REPORT

LUTON LITERATURE CIC

Company Number: 12526905 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company is a not-for-profit Community Interest Company based in Luton, which has been set up to encourage a love of reading and creative writing at any age through a range of events, activities and initiatives, and to promote the early uptake of reading in children. It does this through the community bookshop, Brown Books, and various funded projects- Luton Literature Book Festival, Storytelling, etc. In this period, Luton Literature and its directors, staff and volunteers: Secured funding for the lease on Brown Books bookshop Secured funding for two project and volunteer coordinators to work in the bookshop, employing local people Delivered their first Storytelling project; 5 workshops aimed at groups of care leavers, young carers, LGBTQIA+ and pupils in two SEND schools in Luton, which resulted in five stories being created that were written up buy published authors Started running two regular book clubs in the shop as a joint project with Luton Central Library Delivered a number of arts and crafts, and storytelling session for children Secured ACE funding for this years (2024) book festival in November.

Consultation with stakeholders

The company will serve the people of Luton and the surrounding area who have limited access to libraries and literature initiatives. The service users and other key stakeholders will be identified and consulted with on an ongoing basis once the projects are up and running.

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 September 2024

And signed on behalf of the board by:
Name: Miss M.M. Brown
Status: Director