MAMA SKATE CIC

Company Registration Number:
11860370 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

MAMA SKATE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

MAMA SKATE CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the Company in the year under review was that of sports and recreation education including skating.

Additional information

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Yusra Alageli
Lily Clawson-Chan


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
27 January 2025

And signed on behalf of the board by:
Name: Yusra Alageli
Status: Director

MAMA SKATE CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 60,536 62,846
Cost of sales: ( 12,191 ) ( 11,574 )
Gross profit(or loss): 48,345 51,272
Distribution costs: 0 0
Administrative expenses: ( 64,665 ) ( 52,890 )
Other operating income: 0 0
Operating profit(or loss): (16,320) (1,618)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (16,320) (1,618)
Tax: 0 ( 78 )
Profit(or loss) for the financial year: (16,320) (1,696)

MAMA SKATE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 20,955 27,204
Investments:   0 0
Total fixed assets: 20,955 27,204
Current assets
Stocks: 4 1,400 1,900
Debtors: 5 8,446 5,199
Cash at bank and in hand: 2,398 27,285
Investments:   0 0
Total current assets: 12,244 34,384
Creditors: amounts falling due within one year: 6 ( 30,437 ) ( 42,506 )
Net current assets (liabilities): (18,193) (8,122)
Total assets less current liabilities: 2,762 19,082
Total net assets (liabilities): 2,762 19,082
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,760 19,080
Total Shareholders' funds: 2,762 19,082

The notes form part of these financial statements

MAMA SKATE CIC

Balance sheet statements

For the year ending 30 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 27 January 2025
and signed on behalf of the board by:

Name: Yusra Alageli
Status: Director

The notes form part of these financial statements

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 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

    Tangible fixed assets depreciation policy

    15% on cost

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 4

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 41,664 41,664
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 April 2024 41,664 41,664
Depreciation
At 1 May 2023 14,460 14,460
Charge for year 6,249 6,249
On disposals 0 0
Other adjustments 0 0
At 30 April 2024 20,709 20,709
Net book value
At 30 April 2024 20,955 20,955
At 30 April 2023 27,204 27,204

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 1,400 1,900
Total 1,400 1,900

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Other debtors 8,446 5,199
Total 8,446 5,199

MAMA SKATE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,701 0
Taxation and social security 4,168 4,246
Other creditors 24,568 38,260
Total 30,437 42,506

COMMUNITY INTEREST ANNUAL REPORT

MAMA SKATE CIC

Company Number: 11860370 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

MaMa Skate CIC is a non-profit organisation which currently provides skateboarding lessons and skate related art workshops, who continue to strive to support the skateboarding community. We dedicate our free time to this community project and are extremely proud of what we have achieved in a small space of time. After completing the build of our indoor skatepark in April 2021, we have been able to successfully sustain the business through a busy skate school, public skate sessions and private skateboarding lessons.

Consultation with stakeholders

The company’s stakeholders are the skateboarders residing in Leicester. People can come from anywhere and use our facility. The skateboarding community have been consulted with via our social media and are regularly updated on our upcoming activities.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £8,634. 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
27 January 2025

And signed on behalf of the board by:
Name: Yusra Alageli
Status: Director