BOOM THEATRE CIC

Company limited by guarantee

Company Registration Number:
14867628 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 15 May 2023

End date: 31 May 2024

BOOM THEATRE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

BOOM THEATRE CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The directors shown below have held office during the whole of the period from
15 May 2023 to 31 May 2024

Kirsten Edwards
Katie Louise Walsh


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
14 March 2025

And signed on behalf of the board by:
Name: Kirsten Edwards
Status: Director

BOOM THEATRE CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 45,526
Cost of sales: ( 39,062 )
Gross profit(or loss): 6,464
Administrative expenses: ( 16,560 )
Operating profit(or loss): (10,096)
Profit(or loss) before tax: (10,096)
Profit(or loss) for the financial year: (10,096)

BOOM THEATRE CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Current assets
Debtors: 3 576
Cash at bank and in hand: 815
Total current assets: 1,391
Creditors: amounts falling due within one year: 4 ( 9,514 )
Net current assets (liabilities): (8,123)
Total assets less current liabilities: (8,123)
Accruals and deferred income: ( 1,973 )
Total net assets (liabilities): (10,096)
Members' funds
Profit and loss account: (10,096)
Total members' funds: ( 10,096)

The notes form part of these financial statements

BOOM THEATRE 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 14 March 2025
and signed on behalf of the board by:

Name: Kirsten Edwards
Status: Director

The notes form part of these financial statements

BOOM THEATRE 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    Going concern basis: The directors recognise that there is a loss in the start up period but believe that growth and profitability are improving, and that the company is well placed to manage its business risks successfully. The directors are supporting the company in this initial phase. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

BOOM THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 0

BOOM THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

13 months to 31 May 2024
£
Prepayments and accrued income 576
Total 576

BOOM THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Trade creditors 1,032
Accruals and deferred income 645
Other creditors 7,837
Total 9,514

COMMUNITY INTEREST ANNUAL REPORT

BOOM THEATRE CIC

Company Number: 14867628 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company runs a youth theatre for young people aged 8-19. During the first 12 months of establishment, Cast a production with 18 young people from across Cornwall - Undertook weekly rehearsals in various Cornwall towns to prepare for a production of “Six Teen Edition” - Produced 8 performances of “Six Teen Edition” at St Johns Hall, Penzance. - Delivered 12+ musical theatre workshops for in excess of 50 young people. The activities have benefitted the communities through engaging the young people of Cornwall through offering high quality affordable performing arts experience to the young people of Cornwall whilst also providing a high quality production for local people across Penzance and neighbouring areas to enjoy as audience members. We bring industry professionals to Cornwall to work with our young people.

Consultation with stakeholders

The company’s stakeholders are - the young people themselves and their parents - - other performing arts organisations in Cornwall such as the Hall for Cornwall and Minack Theatre and the Dance schools within Cornwall. The production team and visiting creatives We consult with our stakeholders regularly on how to structure rehearsals, what shows to produce, getting the word out re performances etc. Our research has led us to adjust the rehearsal schedule to allow young people to participate in other beneficial activities whilst still being able to commit to the shows. Our work with the production team and creatives has enabled us to “professionalise” our outputs so as a community group we provide high quality productions.

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
12 March 2025

And signed on behalf of the board by:
Name: Kirsten Edwards
Status: Director