MUZOAKADEMY II CIC

Company limited by guarantee

Company Registration Number:
14141828 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

MUZOAKADEMY II CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

MUZOAKADEMY II CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 15,550 1,076
Cost of sales: ( 2,761 ) 0
Gross profit(or loss): 12,789 1,076
Distribution costs: 0 0
Administrative expenses: ( 20,179 ) ( 7,512 )
Other operating income: 7,653 6,541
Operating profit(or loss): 263 105
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 263 105
Tax: ( 21 ) ( 20 )
Profit(or loss) for the financial year: 242 85

MUZOAKADEMY II CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 150 0
Investments:   0 0
Total fixed assets: 150 0
Current assets
Stocks:   0 0
Debtors: 4 2,558 0
Cash at bank and in hand: 426
Investments:   0 0
Total current assets: 2,558 426
Creditors: amounts falling due within one year: 5 ( 1,613 ) ( 101 )
Net current assets (liabilities): 945 325
Total assets less current liabilities: 1,095 325
Accruals and deferred income: ( 768 ) ( 240 )
Total net assets (liabilities): 327 85
Members' funds
Profit and loss account: 327 85
Total members' funds: 327 85

The notes form part of these financial statements

MUZOAKADEMY II CIC

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: Easy Chalmers
Status: Director

The notes form part of these financial statements

MUZOAKADEMY II CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

MUZOAKADEMY II CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

MUZOAKADEMY II CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0
Additions 180 180
Disposals
Revaluations
Transfers
At 31 May 2024 180 180
Depreciation
At 1 June 2023 0 0
Charge for year 30 30
On disposals
Other adjustments
At 31 May 2024 30 30
Net book value
At 31 May 2024 150 150
At 31 May 2023 0 0

MUZOAKADEMY II CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 2,558 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 2,558 0
Debtors due after more than one year: 0 0

MUZOAKADEMY II CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 147 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 41 20
Other creditors 1,425 81
Total 1,613 101

COMMUNITY INTEREST ANNUAL REPORT

MUZOAKADEMY II CIC

Company Number: 14141828 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company develops the lives and wellbeing of people through music. MuzoAkademy brings the benefits of music to any and all people with an interest and appreciation for music, with a particular emphasis on young people, the elderly, those from a lower socioeconomic background, the vulnerable, people with health conditions, people with a disability, neurodivergent people and people with mental health conditions.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£7,943.50

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: Easy Chalmers
Status: Director