WORLD GROOVE CIC

Company limited by guarantee

Company Registration Number:
14689646 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 27 February 2023

End date: 28 February 2024

WORLD GROOVE CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

WORLD GROOVE CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 1,238
Cost of sales: ( 80 )
Gross profit(or loss): 1,158
Distribution costs: ( 824 )
Operating profit(or loss): 334
Profit(or loss) before tax: 334
Tax: ( 63 )
Profit(or loss) for the financial year: 271

WORLD GROOVE CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 842
Total current assets: 842
Creditors: amounts falling due within one year: 3 ( 571 )
Net current assets (liabilities): 271
Total assets less current liabilities: 271
Total net assets (liabilities): 271
Members' funds
Profit and loss account: 271
Total members' funds: 271

The notes form part of these financial statements

WORLD GROOVE CIC

Balance sheet statements

For the year ending 28 February 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 14 November 2024
and signed on behalf of the board by:

Name: Tomson Chaulke
Status: Director

The notes form part of these financial statements

WORLD GROOVE CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

WORLD GROOVE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

WORLD GROOVE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 63
Accruals and deferred income 280
Other creditors 228
Total 571

COMMUNITY INTEREST ANNUAL REPORT

WORLD GROOVE CIC

Company Number: 14689646 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

- Collected and transported donated musical equipment to Zimbabwe - Provided various drumming workshops within the community (initiated our own and provided opportunities at established events) - Initiated Song for Hope project, encouraging young people in Reading at Katesgrove Primary to write a collaborative song with Royal Comfort School in Zimbabwe - Friyay event: raised money for World Groove, promoting local, new & young musicians

Consultation with stakeholders

- Feedback forms from drum workshops - In person verbal feedback at workshops and events.

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
11 November 2024

And signed on behalf of the board by:
Name: Maria Glenister
Status: Director