FUZZ MUSIC SERVICES CIC

Company limited by guarantee

Company Registration Number:
14222487 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

FUZZ MUSIC SERVICES CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

FUZZ MUSIC SERVICES CIC

Directors' report period ended 31 July 2024

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

Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

GeZ Addictive


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
17 April 2025

And signed on behalf of the board by:
Name: GeZ Addictive
Status: Director

FUZZ MUSIC SERVICES CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 13 months to 31 July 2023


£

£
Turnover: 14,671 0
Cost of sales: ( 546 )
Gross profit(or loss): 14,125 0
Administrative expenses: ( 10,793 )
Operating profit(or loss): 3,332 0
Profit(or loss) before tax: 3,332 0
Profit(or loss) for the financial year: 3,332 0

FUZZ MUSIC SERVICES CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Fixed assets
Tangible assets: 3 3,487 0
Total fixed assets: 3,487 0
Current assets
Debtors: 4 1,915
Cash at bank and in hand: 1,212
Total current assets: 3,127
Creditors: amounts falling due within one year: 5 ( 2,802 )
Net current assets (liabilities): 325
Total assets less current liabilities: 3,812 0
Accruals and deferred income: ( 480 )
Total net assets (liabilities): 3,332 0
Members' funds
Profit and loss account: 3,332 0
Total members' funds: 3,332 0

The notes form part of these financial statements

FUZZ MUSIC SERVICES CIC

Balance sheet statements

For the year ending 31 July 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 17 April 2025
and signed on behalf of the board by:

Name: GeZ Addictive
Status: Director

The notes form part of these financial statements

FUZZ MUSIC SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Motor Vehicles: 25% Reducing Balance

FUZZ MUSIC SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 1 0

FUZZ MUSIC SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 0 0
Additions 4,650 4,650
Disposals
Revaluations
Transfers
At 31 July 2024 4,650 4,650
Depreciation
At 1 August 2023 0 0
Charge for year 1,163 1,163
On disposals
Other adjustments
At 31 July 2024 1,163 1,163
Net book value
At 31 July 2024 3,487 3,487
At 31 July 2023 0 0

FUZZ MUSIC SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 13 months to 31 July 2023
£ £
Trade debtors 1,915
Total 1,915

FUZZ MUSIC SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024
£
Other creditors 2,802
Total 2,802

COMMUNITY INTEREST ANNUAL REPORT

FUZZ MUSIC SERVICES CIC

Company Number: 14222487 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

A strategic partnership was developed with local studio Alpha Pro Creative, to assist them in their aims of delivering high quality music services to local aspiring professional musicians and community events. This partnership allowed Fuzz Music Services to shape the delivery of services at Alpha Pro Creative, and in turn Alpha Pro Creative can refer individuals or organisations to Fuzz Music to assist them with their aspirations. Funding was successfully acquired to assist a band (Setrakain) with a promotional campaign for a single release. Fuzz now co-promotes a series of events at local venues aimed at developing audiences for emerging artists to help the overall sustainability of the local grass roots music economy.

Consultation with stakeholders

We have helped The Victoria Inn with their events by sourcing and supplying upgraded PA equipment and providing sound services for events – this is ongoing We have co-promoted events at The Hairy Dog and The Victoria Inn, developing a new, growing audience that follow our events and ensure artists are paid – this is ongoing We provided sound services and strategy and artists (paid) to Derby Silk Mill Festival, a union funded free outdoor community event in Derby, and will provide again in 2025 We have assisted Derby Poetry Festival by sourcing and supplying musicians (paid) to accompany poets at events that require ambient music We have provided tuition and mentoring to a range of people from young people with autism who pursue music as a hobby, to aspiring professionals who require career guidance.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £5,465.93. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: GeZ Addictive
Status: Director