FISH FACTORY ARTS CIC

Company Registration Number:
10887394 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

FISH FACTORY ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

FISH FACTORY ARTS CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 73,827 86,037
Cost of sales: ( 14,160 ) ( 32,005 )
Gross profit(or loss): 59,667 54,032
Distribution costs: 0 0
Administrative expenses: ( 103,563 ) ( 162,119 )
Other operating income: 39,262 90,178
Operating profit(or loss): (4,634) (17,909)
Interest receivable and similar income: 100 0
Interest payable and similar charges: ( 117 ) 0
Profit(or loss) before tax: (4,651) (17,909)
Tax: ( 395 ) 0
Profit(or loss) for the financial year: (5,046) (17,909)

FISH FACTORY ARTS CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,097 2,197
Investments:   0 0
Total fixed assets: 1,097 2,197
Current assets
Stocks:   0
Debtors: 4 5,828 909
Cash at bank and in hand: 5,862 7,482
Investments:   0 0
Total current assets: 11,690 8,391
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 20,667 ) ( 15,487 )
Net current assets (liabilities): (8,977) (7,096)
Total assets less current liabilities: (7,880) ( 4,899)
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0 0
Accruals and deferred income: 0
Total net assets (liabilities): (7,880) (4,899)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0
Other reserves: 0
Profit and loss account: (7,881 ) (4,900 )
Total Shareholders' funds: ( 7,880 ) (4,899)

The notes form part of these financial statements

FISH FACTORY ARTS CIC

Balance sheet statements

For the year ending 31 July 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 23 October 2024
and signed on behalf of the board by:

Name: Rose Hatcher
Status: Director

The notes form part of these financial statements

FISH FACTORY ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 8

FISH FACTORY ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 6,191 6,191
Additions 657 657
Disposals
Revaluations
Transfers
At 31 July 2023 6,848 6,848
Depreciation
At 1 August 2022 3,994 3,994
Charge for year 1,757 1,757
On disposals
Other adjustments
At 31 July 2023 5,751 5,751
Net book value
At 31 July 2023 1,097 1,097
At 31 July 2022 2,197 2,197

FISH FACTORY ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 5,828 909
Total 5,828 909

FISH FACTORY ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 20,667 15,487
Total 20,667 15,487

COMMUNITY INTEREST ANNUAL REPORT

FISH FACTORY ARTS CIC

Company Number: 10887394 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

In the 2022/23 financial year Fish Factory Arts continued to provide affordable and accessible workspace and opportunities for the local arts community as well as a high quality programme of events for local audiences. We undertook special projects such as the school of fish workshop series and electronics symposium. We also launched a food distribution project becoming a hub for leftover supermarket and farm produce to be redistributed to the local community. We completed our funded project with Sirens studio - a female led recording studio we are partnered with and did a lot of development and planning towards future funded projects with other partners.

Consultation with stakeholders

We have undertaken a community survey to understand the needs of our local community and people using our services. We actively seek to tailor our activities based on constant feedback.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £10293.21 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
23 October 2024

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