VANGUARD ART C.I.C.

Company Registration Number:
12012679 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2024

Period of accounts

Start date: 31 May 2023

End date: 30 May 2024

VANGUARD ART C.I.C.

Contents of the Financial Statements

for the Period Ended 30 May 2024

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

VANGUARD ART C.I.C.

Directors' report period ended 30 May 2024

The directors present their report with the financial statements of the company for the period ended 30 May 2024

Principal activities of the company

Vanguard Art celebrates the street artists of Bristol and aims to make their art visible to the wider public.



Directors

The director shown below has held office during the whole of the period from
31 May 2023 to 30 May 2024

Mary Oakes


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
25 April 2025

And signed on behalf of the board by:
Name: Mary Oakes
Status: Director

VANGUARD ART C.I.C.

Profit And Loss Account

for the Period Ended 30 May 2024

2024 2023


£

£
Turnover: 339 1,825
Cost of sales: ( 253 ) ( 2,933 )
Gross profit(or loss): 86 (1,108)
Distribution costs: 37 0
Administrative expenses: ( 59,981 ) ( 16,937 )
Other operating income: 0 0
Operating profit(or loss): (59,858) (18,045)
Interest receivable and similar income: 422 939
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (59,436) (17,106)
Tax: ( 124 ) 0
Profit(or loss) for the financial year: (59,560) (17,106)

VANGUARD ART C.I.C.

Balance sheet

As at 30 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 23,856 23,856
Debtors: 4 1,358 50,149
Cash at bank and in hand: 6,175 16,602
Investments:   0 0
Total current assets: 31,389 90,607
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 27,384 ) ( 27,042 )
Net current assets (liabilities): 4,005 63,565
Total assets less current liabilities: 4,005 63,565
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 4,005 63,565
Capital and reserves
Called up share capital: 300 300
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 3,705 63,265
Total Shareholders' funds: 4,005 63,565

The notes form part of these financial statements

VANGUARD ART C.I.C.

Balance sheet statements

For the year ending 30 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 25 April 2025
and signed on behalf of the board by:

Name: Mary Oakes
Status: Director

The notes form part of these financial statements

VANGUARD ART C.I.C.

Notes to the Financial Statements

for the Period Ended 30 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

    Other accounting policies

    Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits

VANGUARD ART C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

VANGUARD ART C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2024

3. Stocks

2024 2023
£ £
Stocks 23,856 23,856
Total 23,856 23,856

VANGUARD ART C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 1,680
Prepayments and accrued income 0 0
Other debtors 1,358 48,469
Total 1,358 50,149
Debtors due after more than one year: 0 0

During the year the balance of £23,574 owed to Vanguard Art CIC by Vanguard Art Bar, an associated company, was written off as Vanguard Art Bar has now been dissolved.

VANGUARD ART C.I.C.

Notes to the Financial Statements

for the Period Ended 30 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 789 1,571
Taxation and social security 0 0
Other creditors 26,595 25,471
Total 27,384 27,042

COMMUNITY INTEREST ANNUAL REPORT

VANGUARD ART C.I.C.

Company Number: 12012679 (England and Wales)

Year Ending: 30 May 2024

Company activities and impact

The company has made available to the whole world the unique street art that originates in Bristol, UK. This has not only supported the artists but has helped to put "Bristol on the Map".

Consultation with stakeholders

No consultation with stakeholders

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
25 April 2025

And signed on behalf of the board by:
Name: Mary Oakes
Status: Director