LEGS CREATIVE ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
09702830 (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

LEGS CREATIVE ARTS C.I.C.

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

LEGS CREATIVE ARTS C.I.C.

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

Principal activities of the company

The principal activities of the company during the year were the provision of cultural creative arts projects.



Directors

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

J TAYLOR
L J WILSON
O FOSTER


The director shown below has held office during the period of
1 August 2023 to 16 October 2023

K NICHOLSON


The director shown below has held office during the period of
16 October 2023 to 31 July 2024

J J WILKINSON


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
15 April 2025

And signed on behalf of the board by:
Name: J TAYLOR
Status: Director

LEGS CREATIVE ARTS C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 16,326 36,702
Cost of sales: ( 10,499 ) ( 26,886 )
Gross profit(or loss): 5,827 9,816
Administrative expenses: ( 7,266 ) ( 10,850 )
Operating profit(or loss): (1,439) (1,034)
Interest payable and similar charges: ( 121 ) ( 171 )
Profit(or loss) before tax: (1,560) (1,205)
Profit(or loss) for the financial year: (1,560) (1,205)

LEGS CREATIVE ARTS C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,152 3,939
Total fixed assets: 3,152 3,939
Current assets
Debtors: 4 6,227 6,227
Cash at bank and in hand: 463 1,744
Total current assets: 6,690 7,971
Creditors: amounts falling due within one year: 5 ( 11,213 ) ( 9,721 )
Net current assets (liabilities): (4,523) (1,750)
Total assets less current liabilities: (1,371) 2,189
Creditors: amounts falling due after more than one year: 6 ( 1,666 ) ( 3,666 )
Total net assets (liabilities): (3,037) (1,477)
Members' funds
Profit and loss account: (3,037) ( 1,477)
Total members' funds: ( 3,037) (1,477)

The notes form part of these financial statements

LEGS CREATIVE ARTS C.I.C.

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 15 April 2025
and signed on behalf of the board by:

Name: J TAYLOR
Status: Director

The notes form part of these financial statements

LEGS CREATIVE ARTS C.I.C.

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

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures & equipment 20% reducing balance

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

LEGS CREATIVE ARTS C.I.C.

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 20,039 20,039
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 20,039 20,039
Depreciation
At 1 August 2023 16,100 16,100
Charge for year 787 787
On disposals
Other adjustments
At 31 July 2024 16,887 16,887
Net book value
At 31 July 2024 3,152 3,152
At 31 July 2023 3,939 3,939

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Other debtors 6,227 6,227
Total 6,227 6,227

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Accruals and deferred income 8,143 2,819
Other creditors 1,070 4,902
Total 11,213 9,721

LEGS CREATIVE ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,666 3,666
Total 1,666 3,666

COMMUNITY INTEREST ANNUAL REPORT

LEGS CREATIVE ARTS C.I.C.

Company Number: 09702830 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

During the year the company continued to provide creative arts and cultural projects across the North East of England with a focus on South Tyneside and County Durham. The sessions and projects included dance, drama, sport, theatre and well-being activities. The sessions and activities enable participants (particularly children and young people) to access provision free as otherwise they would largely be unable to access these benefits. The sessions seek to improve both physical and mental health of participants, and sessions are fully inclusive to include those with disabilities.

Consultation with stakeholders

Our stakeholders are local community members and community groups, mainstream and SEND schools, community centres, youth groups and other CICs of a similar nature. Activities have been largely delivered in areas of deprivation and to low socio-economic groups. At all sessions feedback is encouraged from participants to help shape future delivery to stakeholders needs.

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
15 April 2025

And signed on behalf of the board by:
Name: J TAYLOR
Status: Director