for the Period Ended 30 November 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2024
Principal activities of the company
Additional information
directors names: Amy hatcher and Kealey gavillet
Directors
The directors shown below have held office during the whole of the period from
1 December 2023
to
30 November 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 13 months to 30 November 2023 | |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 13 months to 30 November 2023 | |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Stocks: |
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| Debtors: | 4 |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 5 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| Average number of employees during the period |
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for the Period Ended 30 November 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 December 2023 |
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| At 30 November 2024 |
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| At 1 December 2023 |
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| At 30 November 2024 |
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| At 30 November 2024 |
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| At 30 November 2023 |
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for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| Total |
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Studio 7 CIC run a cheerleading academy – Infinite Allstars Cheerleading Academy providing classes in cheerleading and pom dance and dance for the community of Leighton Buzzard currently with 114 athletes attending our weekly sessions. The benefits to our community include: - Providing sessions for all children, an all inclusive setting for children who may be from low income families, struggle with anxiety or communication, have a disability or learning difficulty. Our classes are open to all abilities. - Keeping costs low for families for sessions, we are below the competitive rate for cheerleading classes within our area. As requested by our families we have recently moved to monthly membership plans to make our services easier to pay and track for financials. - Have hosted 2 days of easter camps for children in the holidays for additional childcare, access to sport and building friendships between our class groups. - Provide sessions throughout the school holidays, providing an activities/sport for them to continuing enjoying throughout the year. -Provided 9 scholarships for students who are unable to pay fees, keeping children included in our sessions and competitions. - Provided uniform accessories for 6 children for a competition, reducing costs for parents. - Organising an end of year performance fundraiser to invite the wider friends and family to watch their progress this year. all funds raised will go towards equipment, -Increased our classes to include dance, open tumble and additional age groups, making our session available to more of the children in our community. - brought two new gymnastics equipment to aid the skills of our older athletes. -performing at the local event in Leighton buzzard performing for the public. - Our classes aid the health both physically and mentally of our community children. We aim to build confidence, develop social skills and friendships alongside the physical benefits of sport.
The directors of the company have lived and/or worked in the community for a number of years and therefore have an understanding of the communitys needs, the families within the area and the other activites provided. We receive feedback from the parents of the families via a google form for feedback on our services and changes have been made based on the answers. We openly ask for feedback on decisions made, or potential upcoming events to help aid our services for the best interest of our families. This year in 2024 we have made scheduling changes to accommodate our youth team to enhance their training away from our junior team. We have made changes to our invoicing now moving to membership plans as requested by families of the athletes. We have added our dance sessions as requested for our athletes to enhance their skills. We have also added a parent portal for communications, chat groups for feedback. Finally we have hired 3 new coaches to help support and develop our athletes skills.
Employee costs: Wages and salaries - £25119 Employer's NI - £1137 Staff training and welfare - £300 Travel and subsistence - £109 Entertaining - 0
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 May 2025
And signed on behalf of the board by:
Name: AMY HATCHER
Status: Director