LOVE LUTON CIC

Company limited by guarantee

Company Registration Number:
14088557 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

LOVE LUTON CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

LOVE LUTON CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

Promoting Luton as a place to work, live and socialise and to create confidence, pride and a positive image for the town.



Directors

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

Mrs L.J. Sweet


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
4 October 2024

And signed on behalf of the board by:
Name: Mrs L.J. Sweet
Status: Director

LOVE LUTON CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 13 months to 31 May 2023


£

£
Turnover: 105,099 20,100
Cost of sales: ( 33,152 ) ( 19,583 )
Gross profit(or loss): 71,947 517
Administrative expenses: ( 72,001 ) ( 569 )
Operating profit(or loss): (54) (52)
Profit(or loss) before tax: (54) (52)
Profit(or loss) for the financial year: (54) (52)

LOVE LUTON CIC

Balance sheet

As at 31 May 2024

Notes 2024 13 months to 31 May 2023


£

£
Current assets
Cash at bank and in hand: 113,294 82,428
Total current assets: 113,294 82,428
Net current assets (liabilities): 113,294 82,428
Total assets less current liabilities: 113,294 82,428
Accruals and deferred income: ( 113,400 ) ( 82,480 )
Total net assets (liabilities): (106) (52)
Members' funds
Profit and loss account: (106) ( 52)
Total members' funds: ( 106) (52)

The notes form part of these financial statements

LOVE LUTON CIC

Balance sheet statements

For the year ending 31 May 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 4 October 2024
and signed on behalf of the board by:

Name: Mrs L.J. Sweet
Status: Director

The notes form part of these financial statements

LOVE LUTON CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

LOVE LUTON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 13 months to 31 May 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

LOVE LUTON CIC

Company Number: 14088557 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Love Luton in 2023 organised a number of key events raising the profile and image of the town and connecting the business community at high profile events. Events included business breakfasts with high profile speakers highlighting the work they are doing in Luton and a Summer Reception which celebrated the success of the football club with the business and local community. The Love Luton RunFest was held in October and attracted a wide range of visitors to the town boosting the local economy of the town centre. The Luton’s Best Awards also showcased the town, volunteer sector and honoured nominees who have contributed significantly to the well-being of the town. Finally, our Community Awards fund supported several projects.

Consultation with stakeholders

Our key stakeholders are all of our partners and Luton Council Meetings are held 3 times a year to keep everyone up to date and further consultation on the community awards funds are conducted via email.

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
4 October 2024

And signed on behalf of the board by:
Name: Mrs L.J. Sweet
Status: Director