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Company limited by guarantee

Company Registration Number:
14555252 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

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Contents of the Financial Statements

for the Period Ended 31 December 2024

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

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Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Geoffrey Bridge


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
21 May 2025

And signed on behalf of the board by:
Name: Geoffrey Bridge
Status: Director

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Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 7,610 7,052
Cost of sales: ( 3,585 ) ( 5,225 )
Gross profit(or loss): 4,025 1,827
Administrative expenses: ( 1,532 ) ( 1,167 )
Other operating income: 55
Operating profit(or loss): 2,493 715
Profit(or loss) before tax: 2,493 715
Tax: ( 299 ) ( 14 )
Profit(or loss) for the financial year: 2,194 701

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Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,488 642
Total fixed assets: 1,488 642
Current assets
Cash at bank and in hand: 2,320 673
Total current assets: 2,320 673
Creditors: amounts falling due within one year: 4 ( 913 ) ( 614 )
Net current assets (liabilities): 1,407 59
Total assets less current liabilities: 2,895 701
Total net assets (liabilities): 2,895 701
Members' funds
Profit and loss account: 2,895 701
Total members' funds: 2,895 701

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 December 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 21 May 2025
and signed on behalf of the board by:

Name: Geoffrey Bridge
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 December 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 basis: Plant & Machinery: 25% reducing balance basis

    Other accounting policies

    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 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.

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

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Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 752 752
Additions 1,097 1,097
Disposals
Revaluations
Transfers
At 31 December 2024 1,849 1,849
Depreciation
At 1 January 2024 110 110
Charge for year 251 251
On disposals
Other adjustments
At 31 December 2024 361 361
Net book value
At 31 December 2024 1,488 1,488
At 31 December 2023 642 642

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Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 313 14
Other creditors 600 600
Total 913 614

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 14555252 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company runs music events to help the homeless by way of concerts and open mic nights. The money raised then helps purchase Clothing, Food, Toiletries, and Bedding. We also help homeless shelters with their needs.

Consultation with stakeholders

The company stake holders are the musicians that have joined with us to play at our money raising events. We meet every Month to discuss future events and where the money should be spent.

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
21 May 2025

And signed on behalf of the board by:
Name: Geoffrey Bridge
Status: Director