MICRO:MAG CIC

Company limited by guarantee

Company Registration Number:
SC643182 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

MICRO:MAG CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MICRO:MAG CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1 1
Total current assets: 1 1
Creditors: amounts falling due within one year: 3 ( 562 ) ( 562 )
Net current assets (liabilities): (561) (561)
Total assets less current liabilities: (561) ( 561)
Total net assets (liabilities): (561) (561)
Members' funds
Profit and loss account: (561) ( 561)
Total members' funds: ( 561) (561)

The notes form part of these financial statements

MICRO:MAG CIC

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 July 2025
and signed on behalf of the board by:

Name: Kerry Kidd
Status: Director

The notes form part of these financial statements

MICRO:MAG CIC

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

MICRO:MAG CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MICRO:MAG CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 562 562
Total 562 562

COMMUNITY INTEREST ANNUAL REPORT

MICRO:MAG CIC

Company Number: SC643182 (Scotland)

Year Ending: 31 October 2024

Company activities and impact

The company runs an online magazine for the micro:bit community, a small microcontroller board used in schools and by makers to enable digital making and computer science for all. We provide an online community space for members of the micro:bit community to share their projects, ideas and products for the micro:bit. The magazine is fully written by the members of the community as well as edited/produced by members of the community too. It's provided a platform for people of all ages to engage with others and also gain ideas for their own projects. The magazine started off as a print/digital PDF format which was released every 3-4 months. However, the decision was made a few years ago to go completely online. This resulted in a loss of revenue due to discontinuing the print edition and lack of community article submissions which means that content isn't published regularly. There is currently also a lack of volunteer time to publish the magazine. Unfortunately little progress has been made to get the magazine back up and running again due to the above reasoning.

Consultation with stakeholders

The company's stakeholders are members of the micro:bit community. The magazine is produced by those members. Directors engage with stakeholders via social media and in-person events.

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 July 2025

And signed on behalf of the board by:
Name: Kerry Kidd
Status: Director