SCHOOL OF LARKS CIC

Company limited by guarantee

Company Registration Number:
14802184 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 14 April 2023

End date: 30 April 2024

SCHOOL OF LARKS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SCHOOL OF LARKS 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

Directors

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

Claudia Weston
Susan Buckley


The director shown below has held office during the period of
14 April 2023 to 17 November 2023

Alice Watson


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
12 April 2025

And signed on behalf of the board by:
Name: Claudia Weston
Status: Director

SCHOOL OF LARKS CIC

Balance sheet

As at 30 April 2024

Notes 13 months to 30 April 2024


£
Fixed assets
Intangible assets: 3 17,251
Tangible assets: 4 1,406
Total fixed assets: 18,657
Current assets
Debtors: 5 2,580
Cash at bank and in hand: 14,750
Total current assets: 17,330
Creditors: amounts falling due within one year: 6 ( 33,618 )
Net current assets (liabilities): (16,288)
Total assets less current liabilities: 2,369
Total net assets (liabilities): 2,369
Members' funds
Profit and loss account: 2,369
Total members' funds: 2,369

The notes form part of these financial statements

SCHOOL OF LARKS 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 April 2025
and signed on behalf of the board by:

Name: Claudia Weston
Status: Director

The notes form part of these financial statements

SCHOOL OF LARKS 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Fixtures & Fittings, 33% reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Other intangible assets, straight line 10%

    Other accounting policies

    These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentational currency of these financial statements is pound sterling rounded to the nearest whole number. Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. The financial statements have been prepared on a going concern basis.

SCHOOL OF LARKS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    13 months to 30 April 2024
    Average number of employees during the period 3

SCHOOL OF LARKS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 19,168 19,168
Disposals
Revaluations
Transfers
At 30 April 2024 19,168 19,168
Amortisation
Charge for year 1,917 1,917
On disposals
Other adjustments
At 30 April 2024 1,917 1,917
Net book value
At 30 April 2024 17,251 17,251

SCHOOL OF LARKS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,048 962 2,010
Disposals
Revaluations
Transfers
At 30 April 2024 1,048 962 2,010
Depreciation
Charge for year 283 321 604
On disposals
Other adjustments
At 30 April 2024 283 321 604
Net book value
At 30 April 2024 765 641 1,406

SCHOOL OF LARKS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

13 months to 30 April 2024
£
Trade debtors 1,366
Prepayments and accrued income 1,214
Total 2,580

SCHOOL OF LARKS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

13 months to 30 April 2024
£
Trade creditors 1,105
Taxation and social security 3,102
Other creditors 29,411
Total 33,618

COMMUNITY INTEREST ANNUAL REPORT

SCHOOL OF LARKS CIC

Company Number: 14802184 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

School of Larks CIC is dedicated to providing inclusive circus arts education and experiences to individuals of all ages and abilities. Through a variety of programs including regular classes, workshops, and events we offer training in aerial arts, floor acrobatics, juggling, and balancing skills. Our activities aim to foster physical health, creativity, self-confidence, and community engagement, particularly in rural and underserved areas of Gloucestershire.

Consultation with stakeholders

We actively engage with our stakeholders, including students, parents, local schools, and community organizations, through surveys, feedback sessions, and informal discussions. This ongoing dialogue informs our program development and scheduling, ensuring that our offerings meet the needs and interests of our community. For example, based on participant feedback, we have introduced new classes and adjusted class times to better accommodate our students.

Directors' remuneration

During the reporting period, directors received remuneration for their roles in teaching and administrative functions. All compensation was in line with our governing documents and reflects the fair market value for services rendered.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 April 2025

And signed on behalf of the board by:
Name: Claudia Weston
Status: Director