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Company limited by guarantee

Company Registration Number:
12820440 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

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Contents of the Financial Statements

for the Period Ended 31 August 2024

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

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Directors' report period ended 31 August 2024

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

Principal activities of the company

The principal activity of the company is to provide a forum for local makers to showcase their work.



Directors

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

Darren Washington
Richard Thomas James


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
7 May 2025

And signed on behalf of the board by:
Name: Darren Washington
Status: Director

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Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 7,986 10,918
Gross profit(or loss): 7,986 10,918
Administrative expenses: ( 7,986 ) ( 10,918 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

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Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 500
Cash at bank and in hand: 15,072 1,762
Total current assets: 15,072 2,262
Creditors: amounts falling due within one year: 4 ( 15,052 ) ( 2,242 )
Net current assets (liabilities): 20 20
Total assets less current liabilities: 20 20
Total net assets (liabilities): 20 20
Members' funds
Profit and loss account: 20 20
Total members' funds: 20 20

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 August 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 7 May 2025
and signed on behalf of the board by:

Name: Darren Washington
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 August 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.

    Other accounting policies

    Cash and cash equivalents 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 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 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.

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Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

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Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 0 500
Total 0 500

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Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 15,052 2,242
Total 15,052 2,242

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12820440 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

This year we produced a large scale project which was aimed to highlight everyday struggles of the rising cost of house hold fuel bills and generate awareness of alternative ways of power and saving money in a house hold. We worked with many local organisations and charities to raise the awareness. We also helped in raising awareness of the rising digital careers in the city with workshops and information of success stories.

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
7 May 2025

And signed on behalf of the board by:
Name: Darren Washington
Status: Director