LUGUS CERAMICS C.I.C.

Company limited by guarantee

Company Registration Number:
14988034 (England and Wales)

Unaudited statutory accounts for the year ended 6 April 2024

Period of accounts

Start date: 7 July 2023

End date: 6 April 2024

LUGUS CERAMICS C.I.C.

Contents of the Financial Statements

for the Period Ended 6 April 2024

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

LUGUS CERAMICS C.I.C.

Directors' report period ended 6 April 2024

The directors present their report with the financial statements of the company for the period ended 6 April 2024

Principal activities of the company

The principal activity of the company during the year was that of the provision of community pottery facilities. The company uses the facilities as an aid in the continued development of members of the socially and economically disadvantaged community of Luton to help them participate more fully in society.



Directors

The director shown below has held office during the whole of the period from
7 July 2023 to 6 April 2024

Miss A. Adams


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
6 January 2025

And signed on behalf of the board by:
Name: Miss A. Adams
Status: Director

LUGUS CERAMICS C.I.C.

Profit And Loss Account

for the Period Ended 6 April 2024

9 months to 6 April 2024


£
Turnover: 6,462
Cost of sales: ( 3,313 )
Gross profit(or loss): 3,149
Administrative expenses: ( 3,169 )
Operating profit(or loss): (20)
Profit(or loss) before tax: (20)
Profit(or loss) for the financial year: (20)

LUGUS CERAMICS C.I.C.

Balance sheet

As at 6 April 2024

Notes 9 months to 6 April 2024


£
Current assets
Cash at bank and in hand: 4,533
Total current assets: 4,533
Creditors: amounts falling due within one year: 3 ( 2,921 )
Net current assets (liabilities): 1,612
Total assets less current liabilities: 1,612
Accruals and deferred income: ( 1,632 )
Total net assets (liabilities): (20)
Members' funds
Profit and loss account: (20)
Total members' funds: ( 20)

The notes form part of these financial statements

LUGUS CERAMICS C.I.C.

Balance sheet statements

For the year ending 6 April 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 6 January 2025
and signed on behalf of the board by:

Name: Miss A. Adams
Status: Director

The notes form part of these financial statements

LUGUS CERAMICS C.I.C.

Notes to the Financial Statements

for the Period Ended 6 April 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

LUGUS CERAMICS C.I.C.

Notes to the Financial Statements

for the Period Ended 6 April 2024

  • 2. Employees

    9 months to 6 April 2024
    Average number of employees during the period 0

LUGUS CERAMICS C.I.C.

Notes to the Financial Statements

for the Period Ended 6 April 2024

3. Creditors: amounts falling due within one year note

9 months to 6 April 2024
£
Other creditors 2,921
Total 2,921

LUGUS CERAMICS C.I.C.

Notes to the Financial Statements

for the Period Ended 6 April 2024

4. Loans to directors

Name of director receiving advance or credit: Miss A. Adams
Description of the transaction:
Loan to start the business
£
Balance at
Advances or credits made: 2,921
Advances or credits repaid:
Balance at 6 April 2024 2,921

COMMUNITY INTEREST ANNUAL REPORT

LUGUS CERAMICS C.I.C.

Company Number: 14988034 (England and Wales)

Year Ending: 6 April 2024

Company activities and impact

The company is providing access to ceramics workshops and facilities that cater to people of all levels, ages, backgrounds and experience, which was not available before. This has allowed local people to benefit from the skills of experts while also increasing the mental and physical wellbeing of the community. The company provides a safe space for members to meet, socialise and learn ceramics skills that enable them to create their own wares. The company has also partnered with local charitable organisations to allow greater access to ceramics for disadvantaged people.

Consultation with stakeholders

Our key stakeholders are the local council, grants and lottery funding programmes. To communicate the success of the work done in the year, we keep an online presence that documents our activities and allows people to comment and interact as well as asking for regular feedback from out local service users and keeping in regular contact with the relevant staff at Luton Borough Council.

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
6 January 2025

And signed on behalf of the board by:
Name: Miss A. Adams
Status: Director