MAKE SPACE (SOUTH WEST) CIC

Company limited by guarantee

Company Registration Number:
13890415 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

MAKE SPACE (SOUTH WEST) CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

MAKE SPACE (SOUTH WEST) CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

Ms Cleo Cobb


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
19 May 2025

And signed on behalf of the board by:
Name: Ms Cleo Cobb
Status: Director

MAKE SPACE (SOUTH WEST) CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 13 months to 28 February 2023


£

£
Turnover: 2,246 2,651
Cost of sales: ( 1,098 )
Gross profit(or loss): 2,246 1,553
Distribution costs: ( 282 )
Administrative expenses: ( 3,147 )
Operating profit(or loss): (1,183) 1,553
Interest payable and similar charges: ( 106 )
Profit(or loss) before tax: (1,289) 1,553
Tax: ( 241 )
Profit(or loss) for the financial year: (1,530) 1,553

MAKE SPACE (SOUTH WEST) CIC

Balance sheet

As at 28 February 2024

Notes 2024 13 months to 28 February 2023


£

£
Fixed assets
Tangible assets: 3 0 283
Total fixed assets: 0 283
Current assets
Cash at bank and in hand: 790 1,270
Total current assets: 790 1,270
Creditors: amounts falling due within one year: 4 ( 767 )
Net current assets (liabilities): 23 1,270
Total assets less current liabilities: 23 1,553
Total net assets (liabilities): 23 1,553
Members' funds
Profit and loss account: 23 1,553
Total members' funds: 23 1,553

The notes form part of these financial statements

MAKE SPACE (SOUTH WEST) CIC

Balance sheet statements

For the year ending 28 February 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 19 May 2025
and signed on behalf of the board by:

Name: Ms Cleo Cobb
Status: Director

The notes form part of these financial statements

MAKE SPACE (SOUTH WEST) CIC

Notes to the Financial Statements

for the Period Ended 28 February 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. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    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: Fixtures and Fittings - 25% SLM

    Other accounting policies

    2.4.Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. 3.Average Number of Employees Average number of employees, including directors, during the year was: NIL (2023: NIL)

MAKE SPACE (SOUTH WEST) CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 13 months to 28 February 2023
    Average number of employees during the period 0 0

MAKE SPACE (SOUTH WEST) CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 283 283
Additions
Disposals ( 283 ) ( 283 )
Revaluations
Transfers
At 28 February 2024 0 0
Depreciation
At 1 March 2023
Charge for year
On disposals
Other adjustments
At 28 February 2024
Net book value
At 28 February 2024 0 0
At 28 February 2023 283 283

MAKE SPACE (SOUTH WEST) CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 347
Other creditors 420
Total 767

MAKE SPACE (SOUTH WEST) CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Financial Commitments

6.Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

COMMUNITY INTEREST ANNUAL REPORT

MAKE SPACE (SOUTH WEST) CIC

Company Number: 13890415 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

The remaining Directors of Make Space Krizim Feltham and Cleo Cobb used Chris Tipping’s departure to evaluate the goals and objectives of the CIC. Choosing to work on small scale community projects while they took stock of how they would engage another director to be able move back toward the CIC’s initial plans of scale up their work with young people and local creatives in the whole of South West. This took shape in partnering with local youth music charity B Sharp and running after school clubs for another local charity, LRDT. Make Space made live action/animation films to accompany original song written from B Sharp’s BoomBox after school club. The films were made alongside the children and was showcased at a live screening among B Sharp’s other work. Make Space made animations with the attendees of Bridport Youth Club to accompany their original songs. Again in conjunction with B Sharp. Make Space ran Art Club for LRDT. A term time after school club in which young people from the community can attend for a creative exploration session every Wednesday. The CIC tried to remain active even while uncertain of how it could develop.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

Badge maker £180 was donated to Lyme Regis Development Trust Table mounted camera stands £59.80 became faulty and needed to be disposed of. USB Hub and Cables £24.43 became faulty and needed to be disposed of. Tripod £17.99 was donated to Lyme Bay Radio, a local CIC.

This report was approved by the board of directors on
24 March 2025

And signed on behalf of the board by:
Name: Ms Cleo Cobb
Status: Director