BLOOMINART NORTHEAST C.I.C.

Company limited by guarantee

Company Registration Number:
08869639 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

BLOOMINART NORTHEAST C.I.C.

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

BLOOMINART NORTHEAST C.I.C.

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

Directors

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

R E Laycock
E Wheetman
B Wheetman


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
29 October 2024

And signed on behalf of the board by:
Name: R E Laycock
Status: Director

BLOOMINART NORTHEAST C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 89,767 138,527
Gross profit(or loss): 89,767 138,527
Administrative expenses: ( 89,727 ) ( 138,523 )
Operating profit(or loss): 40 4
Profit(or loss) before tax: 40 4
Tax: ( 8 ) 0
Profit(or loss) for the financial year: 32 4

BLOOMINART NORTHEAST C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 16,800 0
Cash at bank and in hand: 11,787
Total current assets: 16,800 11,787
Creditors: amounts falling due within one year: 4 ( 16,762 ) ( 11,781 )
Net current assets (liabilities): 38 6
Total assets less current liabilities: 38 6
Total net assets (liabilities): 38 6
Members' funds
Profit and loss account: 38 6
Total members' funds: 38 6

The notes form part of these financial statements

BLOOMINART NORTHEAST C.I.C.

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 29 October 2024
and signed on behalf of the board by:

Name: R E Laycock
Status: Director

The notes form part of these financial statements

BLOOMINART NORTHEAST C.I.C.

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Company limited by guarantee The company is limited by guarantee and hence has no share capital. The liability of each member is £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he or she is a member or within one year after he or she ceases to be a member.

BLOOMINART NORTHEAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BLOOMINART NORTHEAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 16,800 0
Total 16,800 0

BLOOMINART NORTHEAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,572 0
Trade creditors 9,912 6,561
Taxation and social security 38 30
Accruals and deferred income 240 5,190
Total 16,762 11,781

COMMUNITY INTEREST ANNUAL REPORT

BLOOMINART NORTHEAST C.I.C.

Company Number: 08869639 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Bloominart North East C.I.C. deliver creative workshops that capture, develop and encourage young people aged 5-25 to find their inner artist, build confidence in their talents and individual style. The young artists will gain an understanding of the arts and the impact it has on their day to day life. Art is everywhere and it benefits everyone, we aim to educate and embrace the young 'blooming' artists of tomorrow. Bloominart creative workshops will be delivered flexibly through community projects or as part of the school curriculum and after school enrichment projects. In time the company will expand to a wide range of workshops and studio space for artists to share their work and expertise.

Consultation with stakeholders

Bloominart will primarily work with primary and secondary schools, youth groups, art organisations and hard to reach/vulnerable young people. As Art Award advisers we will work alongside teaching staff to ensure that we deliver a programme that will engage young people and strengthen the school curriculum. We aim to offer specialist CPD training to teaching staff in order to increase awareness and confidence with the arts.

Directors' remuneration

During the year the directors received remuneration amounting to £69,100

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 October 2024

And signed on behalf of the board by:
Name: R Laycock
Status: Director