COLLEGE STREET TECHNICAL SERVICES CIC

Company Registration Number:
13569801 (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

COLLEGE STREET TECHNICAL SERVICES CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COLLEGE STREET TECHNICAL SERVICES CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 17,595 16,657
Total fixed assets: 17,595 16,657
Current assets
Debtors: 4 3,893 8,346
Cash at bank and in hand: 69,957 47,076
Total current assets: 73,850 55,422
Creditors: amounts falling due within one year: 5 ( 26,076 ) ( 30,010 )
Net current assets (liabilities): 47,774 25,412
Total assets less current liabilities: 65,369 42,069
Total net assets (liabilities): 65,369 42,069
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 65,269 41,969
Total Shareholders' funds: 65,369 42,069

The notes form part of these financial statements

COLLEGE STREET TECHNICAL SERVICES CIC

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.

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 9 January 2025
and signed on behalf of the board by:

Name: Oliver Read
Status: Director

The notes form part of these financial statements

COLLEGE STREET TECHNICAL SERVICES CIC

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 25% on reducing balance Motor Vehicles 25% on reducing balance Computer Equipment 25% on reducing balance

    Other accounting policies

    Corporation tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

COLLEGE STREET TECHNICAL SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

COLLEGE STREET TECHNICAL SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 4,568 5,896 11,991 22,455
Additions 4,388 1,346 5,734
Disposals
Revaluations
Transfers
At 31 August 2024 8,956 7,242 11,991 28,189
Depreciation
At 1 September 2023 1,279 1,771 2,748 5,798
Charge for year 1,195 1,290 2,311 4,796
On disposals
Other adjustments
At 31 August 2024 2,474 3,061 5,059 10,594
Net book value
At 31 August 2024 6,482 4,181 6,932 17,595
At 31 August 2023 3,289 4,125 9,243 16,657

COLLEGE STREET TECHNICAL SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 2,889 7,487
Other debtors 1,004 859
Total 3,893 8,346

COLLEGE STREET TECHNICAL SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 689
Taxation and social security 12,541 5,321
Other creditors 13,535 24,000
Total 26,076 30,010

COMMUNITY INTEREST ANNUAL REPORT

COLLEGE STREET TECHNICAL SERVICES CIC

Company Number: 13569801 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

College Street provides technical services to theatre projects, including working alongside other CICs, such as Creative Mouthpiece CIC, and charities such as Nottingham Arts Theatre, where College Street regularly provides technicians to shows and maintains some of the equipment in the building. In addition to this, College Street works alongside local schools and colleges (e.g. Bluecoat Academy, Oak Field School etc.) to provide work experience opportunities to young people interested in the technical side of the theatre industry. College Street are passionate about bringing equity to the theatre industry, especially given that positions in said industry can sometimes favour more privileged individuals, and are continually reviewing our offerings and internal processes to ensure that our work has the greatest possible positive impact on marginalised communities and individuals. Working with Local Schools Teaching within Bluecoat – Workshop Working with other CICs and Charity’s – Flying high, Creative Mouthpeice CIC, Nottingham Arts Theatre, Oak Field School, PTC Working with upcoming artists for FABRIC Donating equipment to other theatres for benefit of the community in productions Providing work experience opportunity’s to local schools and colleges enabling students to get a insight and foot through the door to the industry.

Consultation with stakeholders

As a CIC working in the arts, College Street does not undertake formal consultation with our stakeholders (listed below). Instead, we are in constant contact with our stakeholders throughout any project we provide our services to, implementing changes to projects on an immediate basis where necessary. These have included artistic changes as well as providing additional staff to projects where required. Nottingham Arts Theatre, Educational Charity Attic Theatre School, Local Theatre School Bluecoat Aspley Academy, Local School Bluecoat Beechdale Academy, Local School Bonington Players, Local Amateur Dramatics society Bonington Theatre, Local Theatre Carlton Operatic Society, Local Amateur Dramatics society Carrington Primary School, Local School Colonel Frank Seely Academy, Local School Creative Mouthpiece CIC, Local Amateur Dramatics Community interest company Djanogly City Academy, Local School Dunkirk Primary School, Local School Elevation Dance School, Local Dance school Encore EMEA, Local hire company FABRIC (Dance 4), Local contemporary dance company Games Workshop Greythorn Primary School, Local school Hope Gospel Choir Lace Market Theatre, Local amateur dramatics theatre Midlands Academy of Dance and Drama (MADD), Drama school based in Nottingham University of Nottingham – Musicality, amateur dramatics provided by local university University of Nottingham – TEC PA & Lighting, Hire and events company provided by local university Nonsuch Studios, Space for new work and upcoming artists, based in Nottingham Nottingham Cathedral Nottingham City Council, working with the people of Nottingham for the people of Nottingham on various events, including Elections and Corporate awards ceremony’s celebrating the community’s achievements Nottingham College, working with students and staff from Nottingham College on an awards ceremony and a fashion show in a local church. Nottingham Contemporary, creative space for upcoming artists Nottingham Dance Festival, Local dance festival for young people Nottingham Girls High School, Nottingham Music Service, Local charitable music service working with schools and young people University of Nottingham – Nottingham New Theatre, University of Nottingham provided theatre for young people to work in a professional environment running a theatre Nottingham Playhouse, Local Rep theatre Nottingham Royal Centre, Local Receiving theatre University of Nottingham – Hong Kong Society Oak Field School, Local School specialising in young people with additional needs Orchestras for All, Charitable organisation based in London, working with musicians across the UK Presentation Design Services, Local hire company Rhythm Nation Studios, Local dance company Rise Park Primary School, Local school Rollo Academy of Performing Arts, Local dance company Rushcliffe School, Local Secondary School specialising in Performing Arts Sound of Music, Derby, Local Hire company Southward Primary School, Local Primary School Spotlight Theatre Company, Local non profit theatre school St Johns the Baptist school, Local primary school Stagecoach Nottingham, Local amateur theatre company University Of Nottingham – Sutton Bonington Players, University provided amateur dramatics society Stainsby Folk Festival Swanwick Hall School Sycamore Academy Albert Hall, Nottingham The Limelight Orchestra, Local non profit charitable organisation working with local musicians The Peoples Theatre Company, Charitable organisation working with the community producing musicals and plays University of Nottingham Students Union West Bridgford Operatic Society, Local Amateur dramatic society Students from Confetti College, Nottingham College & Iveshead School to provide work experience opportunity’s within College Street technical Services CIC.

Directors' remuneration

The director, Oliver Read was paid £27,050 remuneration during the period.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 January 2025

And signed on behalf of the board by:
Name: Oliver Read
Status: Director