STUDIO 79 YOUTH CIC

Company limited by guarantee

Company Registration Number:
14678520 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 21 February 2023

End date: 28 February 2024

STUDIO 79 YOUTH CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

STUDIO 79 YOUTH CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The director shown below has held office during the whole of the period from
21 February 2023 to 28 February 2024

Ellyn Phillips


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
2 October 2024

And signed on behalf of the board by:
Name: Ellyn Phillips
Status: Director

STUDIO 79 YOUTH CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 37,878
Cost of sales: ( 9,263 )
Gross profit(or loss): 28,615
Administrative expenses: ( 3,898 )
Operating profit(or loss): 24,717
Profit(or loss) before tax: 24,717
Tax: ( 4,696 )
Profit(or loss) for the financial year: 20,021

STUDIO 79 YOUTH CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 42,496
Total current assets: 42,496
Creditors: amounts falling due within one year: 3 ( 22,475 )
Net current assets (liabilities): 20,021
Total assets less current liabilities: 20,021
Total net assets (liabilities): 20,021
Members' funds
Profit and loss account: 20,021
Total members' funds: 20,021

The notes form part of these financial statements

STUDIO 79 YOUTH 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 2 October 2024
and signed on behalf of the board by:

Name: Ellyn Phillips
Status: Director

The notes form part of these financial statements

STUDIO 79 YOUTH 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

STUDIO 79 YOUTH CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

STUDIO 79 YOUTH 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 4,696
Other creditors 17,779
Total 22,475

COMMUNITY INTEREST ANNUAL REPORT

STUDIO 79 YOUTH CIC

Company Number: 14678520 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Studio 79 Youth CIC aims to provide dance and musical theatre classes of all genres, giving children a foundation for Dance and Musical Theatre training. Gaining experience in Performance, Examinations, Competitions and Events. Studio 79 Youth CIC is designed for children to come and enjoy what they love to do on a weekly basis.

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
2 October 2024

And signed on behalf of the board by:
Name: Ellyn Phillips
Status: Director