CRAFT CENTRAL CIC

Company limited by guarantee

Company Registration Number:
SC720549 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

CRAFT CENTRAL CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

CRAFT CENTRAL CIC

Directors' report period ended 31 January 2024

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

Principal activities of the company

The company's principal aims are the provision of crafting workshops to accommodate social inclusion in the local community for individuals who may find themselves otherwise excluded for participation due to disabilities and mental health well being. The company provides subsidies to participants on craft and jewellery making classes run by the company, inclusion for all. The company plan to enhance provision for financial support by expanding its search for grants to support and enhance the learning scheme .



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Jo Pudelko
R Pollard
N McIlroy


Secretary Jo Pudelko

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
3 October 2024

And signed on behalf of the board by:
Name: Jo Pudelko
Status: Secretary

CRAFT CENTRAL CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 61,492 30,631
Cost of sales: ( 38,667 ) ( 22,475 )
Gross profit(or loss): 22,825 8,156
Distribution costs: ( 12,656 ) ( 4,472 )
Administrative expenses: ( 9,687 ) ( 3,054 )
Other operating income: 0 0
Operating profit(or loss): 482 630
Interest receivable and similar income: 0 0
Profit(or loss) before tax: 482 630
Tax: 0 ( 120 )
Profit(or loss) for the financial year: 482 510

CRAFT CENTRAL CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 4,368 5,530
Investments:   0 0
Total current assets: 4,368 5,530
Prepayments and accrued income: 324 0
Creditors: amounts falling due within one year: 3 ( 1,700 ) ( 3,020 )
Net current assets (liabilities): 2,992 2,510
Total assets less current liabilities: 2,992 2,510
Creditors: amounts falling due after more than one year: 4 ( 2,000 ) ( 2,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 992 510
Members' funds
Profit and loss account: 992 510
Total members' funds: 992 510

The notes form part of these financial statements

CRAFT CENTRAL CIC

Balance sheet statements

For the year ending 31 January 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 3 October 2024
and signed on behalf of the board by:

Name: Jo Pudelko
Status: Director

The notes form part of these financial statements

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 120 120
Accruals and deferred income 1,580 2,900
Other creditors 0
Total 1,700 3,020

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 2,000 2,000
Total 2,000 2,000

COMMUNITY INTEREST ANNUAL REPORT

CRAFT CENTRAL CIC

Company Number: SC720549 (Scotland)

Year Ending: 31 January 2024

Company activities and impact

The company has continued to serve the local and surrounding area during the financial year to 31st January 2024 with the provision of workshops and jewellery making classes. The classes are aimed at inclusion for all abilities, removal of barriers regardless of abilities and age. The company has made a modest increase in profits during the financial year with the profits being ploughed back into the company to enable growth and sustainability. The company relies heavily on donations . The company are now extending funding applications further afield, throughout the country, as it is proving more difficult to secure this locally. The workshop attendance is slightly down, but the Directors remain optimistic that this will increase during the forth coming year. In general terms the Directors are satisfied with the company and operations, and will continue to support any growth and diversification the company requires.

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
3 October 2024

And signed on behalf of the board by:
Name: Jo Pudelko
Status: Director