ON A SEW CIC

Company limited by guarantee

Company Registration Number:
14922711 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 8 June 2023

End date: 30 June 2024

ON A SEW CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

ON A SEW CIC

Directors' report period ended 30 June 2024

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

Directors

The director shown below has held office during the whole of the period from
8 June 2023 to 30 June 2024

L M Solarte


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 March 2025

And signed on behalf of the board by:
Name: L M Solarte
Status: Director

ON A SEW CIC

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Turnover: 7,780
Cost of sales: ( 2,911 )
Gross profit(or loss): 4,869
Administrative expenses: ( 3,621 )
Operating profit(or loss): 1,248
Profit(or loss) before tax: 1,248
Profit(or loss) for the financial year: 1,248

ON A SEW CIC

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Fixed assets
Tangible assets: 3 2,697
Total fixed assets: 2,697
Current assets
Debtors: 4 105
Cash at bank and in hand: 1,608
Total current assets: 1,713
Creditors: amounts falling due within one year: 5 ( 3,162 )
Net current assets (liabilities): (1,449)
Total assets less current liabilities: 1,248
Total net assets (liabilities): 1,248
Members' funds
Profit and loss account: 1,248
Total members' funds: 1,248

The notes form part of these financial statements

ON A SEW CIC

Balance sheet statements

For the year ending 30 June 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 March 2025
and signed on behalf of the board by:

Name: L M Solarte
Status: Director

The notes form part of these financial statements

ON A SEW CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery - over 4 years

ON A SEW CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 1

ON A SEW CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 3,188 3,188
Disposals
Revaluations
Transfers
At 30 June 2024 3,188 3,188
Depreciation
Charge for year 491 491
On disposals
Other adjustments
At 30 June 2024 491 491
Net book value
At 30 June 2024 2,697 2,697

ON A SEW CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

13 months to 30 June 2024
£
Other debtors 105
Total 105

ON A SEW CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

13 months to 30 June 2024
£
Trade creditors 1,066
Other creditors 2,096
Total 3,162

COMMUNITY INTEREST ANNUAL REPORT

ON A SEW CIC

Company Number: 14922711 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

We have provided sewing lessons to a large group of children aged 8 and up. We also taught at our local primary school, offered free and low cost workshops for children and adults throughout the year. We hosted sewing events for the local community and supports a local business by hiring out there space for these events.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £1,066.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 March 2025

And signed on behalf of the board by:
Name: L M Solarte
Status: Director