for the Period Ended 31 March 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Additional information
Basis of Preparation: These financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Micro-entities Regime', and the Companies Act 2006. The company is a Community Interest Company. Income Recognition: Income from Payment for Services is recognised when the services are provided. Other Income is recognised when the company is entitled to the income and the amount can be reliably measured. Cost of Goods: Cost of Sales includes the direct costs associated with the services provided, specifically materials costs. These costs are recognised when the related revenue is recognised. Expenses: Expenses are recognised in the Income Statement on an accruals basis, as they are incurred.
Directors
The director shown below has held office during the whole of the period from
20 March 2023
to
31 March 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
for the Period Ended 31 March 2024
| 2024 | ||
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| Average number of employees during the period |
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The principal activity of Lowestoft Live Community Interest Company is to benefit the community of the Lowestoft area by leveraging the power of music to bring people together through live events, utilising open mic nights, mentorship, and tuition through community outreach. The company aims to subsidise refreshment costs to encourage those in hardship to return to local venues and support the regrowth of a vibrant music scene. Lowestoft Live provides a supportive network for musicians, supports local original music, and aims to grow it from its source in Lowestoft by hosting workshops and producing events that reflect the diversity of the community. Ultimately, the company's objective is to create a sustainable and thriving music scene in Lowestoft with the resources, reach, and support it requires for long-lasting efficacy.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 April 2025
And signed on behalf of the board by:
Name: Darren Steger-Lewis
Status: Director