STUDIOS 7 CIC

Company limited by guarantee

Company Registration Number:
14464960 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

STUDIOS 7 CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

STUDIOS 7 CIC

Directors' report period ended 30 November 2024

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

Principal activities of the company

sports and recreation education

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

amy hatcher
kealey gavillet


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
12 May 2025

And signed on behalf of the board by:
Name: amy hatcher
Status: Director

STUDIOS 7 CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 13 months to 30 November 2023


£

£
Turnover: 54,997 37,333
Cost of sales: ( 14,699 ) ( 10,366 )
Gross profit(or loss): 40,298 26,967
Distribution costs: 0 0
Administrative expenses: ( 37,665 ) ( 27,585 )
Other operating income: 1,305 750
Operating profit(or loss): 3,938 132
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 3,938 132
Tax: ( 559 ) 0
Profit(or loss) for the financial year: 3,379 132

STUDIOS 7 CIC

Balance sheet

As at 30 November 2024

Notes 2024 13 months to 30 November 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,237 1,650
Investments:   0 0
Total fixed assets: 1,237 1,650
Current assets
Stocks:   0 0
Debtors: 4 51 45
Cash at bank and in hand: 9,283 3,109
Investments:   0 0
Total current assets: 9,334 3,154
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 7,060 ) ( 4,672 )
Net current assets (liabilities): 2,274 (1,518)
Total assets less current liabilities: 3,511 132
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): 3,511 132
Members' funds
Profit and loss account: 3,511 132
Total members' funds: 3,511 132

The notes form part of these financial statements

STUDIOS 7 CIC

Balance sheet statements

For the year ending 30 November 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 12 May 2025
and signed on behalf of the board by:

Name: amy hatcher
Status: Director

The notes form part of these financial statements

STUDIOS 7 CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 cnsideration recieved net of discounts and value added taxes

    Tangible fixed assets depreciation policy

    depreciated over 5 years

    Other accounting policies

    debtors, creditors, taxation

STUDIOS 7 CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 13 months to 30 November 2023
    Average number of employees during the period 2 2

STUDIOS 7 CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 2,200 2,200
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 2,200 2,200
Depreciation
At 1 December 2023 550 550
Charge for year 413 413
On disposals
Other adjustments
At 30 November 2024 963 963
Net book value
At 30 November 2024 1,237 1,237
At 30 November 2023 1,650 1,650

STUDIOS 7 CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 13 months to 30 November 2023
£ £
Trade debtors 51 45
Prepayments and accrued income 0 0
Other debtors 0 0
Total 51 45
Debtors due after more than one year: 0 0

STUDIOS 7 CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

2024 13 months to 30 November 2023
£ £
Bank loans and overdrafts 0 0
Trade creditors 0 0
Taxation and social security 1,327 456
Other creditors 5,733 4,216
Total 7,060 4,672

COMMUNITY INTEREST ANNUAL REPORT

STUDIOS 7 CIC

Company Number: 14464960 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

Employee costs: Wages and salaries - £25119 Employer's NI - £1137 Staff training and welfare - £300 Travel and subsistence - £109 Entertaining - 0

Transfer of assets

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