CREATE WELLBEING STUDIO CIC

Company limited by guarantee

Company Registration Number:
SC785128 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 6 October 2023

End date: 31 October 2024

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Contents of the Financial Statements

for the Period Ended 31 October 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 October 2024

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

Principal activities of the company

The principal activity of the company is offering wellbeing treatments and services.



Directors

The director shown below has held office during the period of
10 May 2024 to 31 October 2024

Edward Cosmo Lewis


The directors shown below have held office during the whole of the period from
6 October 2023 to 31 October 2024

Kristina Lewis
Sarah Jane Robinson


The director shown below has held office during the period of
6 October 2023 to 14 May 2024

Katy Patricia Swift


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
5 March 2025

And signed on behalf of the board by:
Name: Kristina Lewis
Status: Director

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Profit And Loss Account

for the Period Ended 31 October 2024

13 months to 31 October 2024


£
Turnover: 22,270
Cost of sales: ( 13,106 )
Gross profit(or loss): 9,164
Administrative expenses: ( 11,166 )
Other operating income: 2,280
Operating profit(or loss): 278
Profit(or loss) before tax: 278
Tax: ( 53 )
Profit(or loss) for the financial year: 225

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Balance sheet

As at 31 October 2024

Notes 13 months to 31 October 2024


£
Current assets
Cash at bank and in hand: 893
Total current assets: 893
Creditors: amounts falling due within one year: 3 ( 668 )
Net current assets (liabilities): 225
Total assets less current liabilities: 225
Total net assets (liabilities): 225
Members' funds
Profit and loss account: 225
Total members' funds: 225

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 October 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 5 March 2025
and signed on behalf of the board by:

Name: Kristina Lewis
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 October 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales value added tax, returns, rebates and discounts. 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.

    Other accounting policies

    These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The accounts are presented in £GBP and are rounded to the nearest £1. The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    13 months to 31 October 2024
    Average number of employees during the period 3

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Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

13 months to 31 October 2024
£
Taxation and social security 53
Accruals and deferred income 420
Other creditors 195
Total 668

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: SC785128 (Scotland)

Year Ending: 31 October 2024

Company activities and impact

Providing massage and yoga sessions for the community - paid sessions which supported physical and mental support through hands on and group sessions Providing a space to display artworks - raising the profile of local artists including two opening evenings where the community were invited into the space to view the artworks and meet the artists Providing a space to meet for crafting - free monthly sessions to connect with others and relax and create together, creating community and supporting mental health.

Consultation with stakeholders

No consultation with stakeholders

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
5 March 2025

And signed on behalf of the board by:
Name: Kristina Lewis
Status: Director