I AM LOUD CIC

Company limited by guarantee

Company Registration Number:
SC777034 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 26 July 2023

End date: 31 July 2024

I AM LOUD CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

I AM LOUD CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024


£
Turnover: 11,580
Cost of sales: ( 16,897 )
Gross profit(or loss): (5,317)
Administrative expenses: ( 4,428 )
Other operating income: 4,155
Operating profit(or loss): (5,590)
Profit(or loss) before tax: (5,590)
Profit(or loss) for the financial year: (5,590)

I AM LOUD CIC

Balance sheet

As at 31 July 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 65,266
Total current assets: 65,266
Creditors: amounts falling due within one year: 3 ( 296 )
Net current assets (liabilities): 64,970
Total assets less current liabilities: 64,970
Creditors: amounts falling due after more than one year: 4 ( 569 )
Accruals and deferred income: ( 69,991 )
Total net assets (liabilities): (5,590)
Members' funds
Profit and loss account: (5,590)
Total members' funds: ( 5,590)

The notes form part of these financial statements

I AM LOUD CIC

Balance sheet statements

For the year ending 31 July 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 17 June 2025
and signed on behalf of the board by:

Name: Mark Gallie
Status: Director

The notes form part of these financial statements

I AM LOUD CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

I AM LOUD CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

I AM LOUD CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024
£
Other creditors 296
Total 296

I AM LOUD CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024
£
Other creditors 569
Total 569

COMMUNITY INTEREST ANNUAL REPORT

I AM LOUD CIC

Company Number: SC777034 (Scotland)

Year Ending: 31 July 2024

Company activities and impact

I Am Loud CIC benefits the community (Poetry Scene) by providing opportunities at all stages of their artistic journey. We have provided both free and paid for workshops for writers and performers from beginners to professionals. Provided paid opportunities to perform at competitive rates with high show production, providing artists with their first professionally paid booking. Brought paid shows to less frequented areas of the country bringing high quality shows to areas where opportunities are rarer for audiences and performers. By partnering with established festivals and local artists, we expand the community through cross promotion. In addition to this we provide other event organisers and performers a chance to network and collaborate in the future. By filming our events and publishing them only, we provide artists with professional level footage that they can (and many have) use to submit for other opportunities such as awards, future shows or funding.

Consultation with stakeholders

Yes, Directors are in constant communication both with each other. We also provide online and in person opportunities for artists and audience members to provide feedback. Some members have been consulted on specific areas. The directors are in constant contact and work collaboratively to fulfill the goals of the organisation. Both short and long term. We provide plenty of chances at our shows for the community to engage with us and provide feedback and suggestions for the future. We also provide online forms for the community to give anonymous feedback. We have approached certain members of the community where they have specialized knowledge in areas we have identified as areas we can improve such as Accessibility, Performer Safe Guarding and safety and Environmental best practice. Much of the feedback/consultation we receive from the community is complimentary towards our production level, communication and the opportunities we provide and the importance of the organisation within the scene. However in the cases where we receive critique or constructive criticism, the directors take this feedback and attempt to find a solution. In the event where more information is needed, we then bring our thoughts back to the community.

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
17 June 2025

And signed on behalf of the board by:
Name: Mark Gallie
Status: Director