CREART-COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
11939090 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

CREART-COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CREART-COLLECTIVE CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1,189 0
Total fixed assets: 1,189 0
Current assets
Cash at bank and in hand: 19,753 10,490
Total current assets: 19,753 10,490
Creditors: amounts falling due within one year: 4 ( 2,436 ) ( 479 )
Net current assets (liabilities): 17,317 10,011
Total assets less current liabilities: 18,506 10,011
Creditors: amounts falling due after more than one year: 5 ( 1,934 ) ( 2,600 )
Total net assets (liabilities): 16,572 7,411
Members' funds
Profit and loss account: 16,572 7,411
Total members' funds: 16,572 7,411

The notes form part of these financial statements

CREART-COLLECTIVE CIC

Balance sheet statements

For the year ending 31 March 2025 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 27 May 2025
and signed on behalf of the board by:

Name: FORTES, Marlene
Status: Director

The notes form part of these financial statements

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation and any provision for impairment Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives on the following basis Computer Equipment 20 Percent Straight Line

    Other accounting policies

    Going Concern The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 4 2

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 0 0
Additions 1,486 1,486
Disposals
Revaluations
Transfers
At 31 March 2025 1,486 1,486
Depreciation
At 1 April 2024 0 0
Charge for year 297 297
On disposals
Other adjustments
At 31 March 2025 297 297
Net book value
At 31 March 2025 1,189 1,189
At 31 March 2024 0 0

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 1,957
Accruals and deferred income 479 479
Total 2,436 479

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 1,934 2,600
Total 1,934 2,600

COMMUNITY INTEREST ANNUAL REPORT

CREART-COLLECTIVE CIC

Company Number: 11939090 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

carry on activities which benefit the community and in particular (without limitation) to: 1. Address and tackle health inequalities and their root causes in order to improve the health, wellbeing and quality of life of disadvantaged and marginalised communities in Dudley borough and the surrounding areas; 2. Promote equality, diversity and inclusion, including tackling racism and discrimination and promoting racial and social justice so that marginalised communities can thrive; 3. Address food poverty amongst disadvantaged and marginalised communities

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
27 May 2025

And signed on behalf of the board by:
Name: FORTES, Marlene
Status: Director