HARDWAY STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
15169572 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 27 September 2023

End date: 30 September 2024

HARDWAY STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

HARDWAY STUDIOS C.I.C.

Directors' report period ended 30 September 2024

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

Principal activities of the company

During this financial year, Hardway Studios delivered a 16-week programme tailored for young people aged 13–18 across Salford and Greater Manchester. The company ran weekly workshops in music, video production, and performance, specifically supporting young people from challenged backgrounds



Directors

The directors shown below have held office during the whole of the period from
27 September 2023 to 30 September 2024

Thierry Garvey
Ezra Fletchman
Chevis Garvey


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
8 June 2025

And signed on behalf of the board by:
Name: Thierry Garvey
Status: Director

HARDWAY STUDIOS C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2024

2024


£
Turnover: 12,769
Cost of sales: ( 5,819 )
Gross profit(or loss): 6,950
Distribution costs: 0
Administrative expenses: ( 1,239 )
Operating profit(or loss): 5,711
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 5,711
Tax: ( 1,084 )
Profit(or loss) for the financial year: 4,627

HARDWAY STUDIOS C.I.C.

Balance sheet

As at 30 September 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 2,958
Total fixed assets: 2,958
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 2,958
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 2,958
Members' funds
Profit and loss account: 2,958
Total members' funds: 2,958

The notes form part of these financial statements

HARDWAY STUDIOS C.I.C.

Balance sheet statements

For the year ending 30 September 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 8 June 2025
and signed on behalf of the board by:

Name: Thierry Garvey
Status: Director

The notes form part of these financial statements

HARDWAY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 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

    Tangible fixed assets depreciation policy

    The video recording camera is classified as a tangible fixed asset and is depreciated on a straight-line basis over its estimated useful life of 5 years. The cost of the camera was £2,958, with no residual value assumed. Depreciation commenced from the date the asset was first brought into use, resulting in an annual depreciation charge of £591.60. The useful life and residual value are reviewed annually and adjusted if necessary to reflect any changes in usage or market conditions.

HARDWAY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024
    Average number of employees during the period 3

HARDWAY STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 2,958 0 0 0 2,958
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 September 2024 0 2,958 0 0 0 2,958
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 September 2024 0 0 0 0 0 0
Net book value
At 30 September 2024 0 2,958 0 0 0 2,958

COMMUNITY INTEREST ANNUAL REPORT

HARDWAY STUDIOS C.I.C.

Company Number: 15169572 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

During this financial year, Hardway Studios delivered a 16-week programme designed for young people aged 13–18 in Salford and across Greater Manchester. We ran weekly music, video production, and performance workshops aimed at supporting young people not in education, employment, or training. Workshops focused on building confidence, technical skills in recording and engineering, and creative self-expression. The project empowered participants to write, produce, and showcase original music pieces inspired by their life experiences. Sessions were held in a safe, supportive environment at our modern st

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

NO PAYMENTS FOR PERIOD SEPT 2023 - SEPT 2024

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 June 2025

And signed on behalf of the board by:
Name: Thierry Garvey
Status: Director