LUTON LITERATURE CIC

Company limited by guarantee

Company Registration Number:
12526905 (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

LUTON LITERATURE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

LUTON LITERATURE CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 91,470 24,792
Cost of sales: ( 68,744 ) ( 16,416 )
Gross profit(or loss): 22,726 8,376
Administrative expenses: ( 22,983 ) ( 8,394 )
Other operating income: 336 35
Operating profit(or loss): 79 17
Profit(or loss) before tax: 79 17
Profit(or loss) for the financial year: 79 17

LUTON LITERATURE CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 960 590
Total fixed assets: 960 590
Current assets
Debtors: 4 1,196
Cash at bank and in hand: 16,788 46,229
Total current assets: 17,984 46,229
Creditors: amounts falling due within one year: 5 ( 18,994 ) ( 47,068 )
Net current assets (liabilities): (1,010) (839)
Total assets less current liabilities: (50) ( 249)
Accruals and deferred income: ( 480 ) ( 360 )
Total net assets (liabilities): (530) (609)
Members' funds
Profit and loss account: (530) ( 609)
Total members' funds: ( 530) (609)

The notes form part of these financial statements

LUTON LITERATURE 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.

This report was approved by the board of directors on 24 June 2025
and signed on behalf of the board by:

Name: Miss M.M. Brown
Status: Director

The notes form part of these financial statements

LUTON LITERATURE 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

    Equipment has been depreciated using the 15% reducing balance basis.

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

LUTON LITERATURE 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 805 805
Additions 540 540
Disposals
Revaluations
Transfers
At 31 March 2025 1,345 1,345
Depreciation
At 1 April 2024 215 215
Charge for year 170 170
On disposals
Other adjustments
At 31 March 2025 385 385
Net book value
At 31 March 2025 960 960
At 31 March 2024 590 590

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Prepayments and accrued income 1,196
Total 1,196

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 221
Accruals and deferred income 18,994 46,847
Total 18,994 47,068

COMMUNITY INTEREST ANNUAL REPORT

LUTON LITERATURE CIC

Company Number: 12526905 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

The company is a Community Interest Company based in Luton, which has been set up to encourage a love of reading and creative writing at any age through a range of events, activities and initiatives, and to promote the early uptake of reading in children. It does this through the community bookshop, Brown Books, and various funded projects - Luton Literature Book Festival, Storytelling, etc. In this period, Luton Literature and its directors, staff and volunteers: Delivered the second bi-annual major book festival in November 2024 at The Hat Factory in Luton. This was ACE and Luton Rising funded and also received sponsorship this year. Secured continued unrestricted funding for two project and volunteer coordinators to work in the bookshop, employing local people. Delivered the Citizens Fund project objectives from the successful application to Bedfordshire and Luton Communities Fund for 2024/25. Successfully applied to Bedfordshire and Luton Communities Fund for further funding from the Citizens Fund for 2025/26. Delivered the National Lottery Communities Funded creative writing project aimed at young people from three groups - care leavers, young carers and LGBTQIA. Continued to run regular book clubs in the shop as a joint project with Luton Central Library and allow school visits. Delivered a number of arts and crafts, and storytelling session for children. Successfully relocated the bookshop into a temporary home in Luton Point from March 2025 following a serious flood caused by faulty pipes in the flat above the shop in January, allowing the company to reach new audiences who previously didn’t know we existed – what started as a disaster became a real opportunity to grow further.

Consultation with stakeholders

The company will serve the people of Luton and the surrounding area who have limited access to libraries and literature initiatives. The service users and other key stakeholders have been identified and consulted with on an ongoing basis since the projects are up and running. Should any new projects unearth any new stakeholders, these people will be consulted with on a regular basis.

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
24 June 2025

And signed on behalf of the board by:
Name: Miss M.M. Brown
Status: Director