CANDELA VR CIC

Company limited by guarantee

Company Registration Number:
15302177 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 22 November 2023

End date: 30 November 2024

CANDELA VR CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

CANDELA VR CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024


£
Turnover: 225
Gross profit(or loss): 225
Administrative expenses: ( 254 )
Operating profit(or loss): (29)
Profit(or loss) before tax: (29)
Profit(or loss) for the financial year: (29)

CANDELA VR CIC

Balance sheet

As at 30 November 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 225
Total current assets: 225
Net current assets (liabilities): 225
Total assets less current liabilities: 225
Accruals and deferred income: ( 254 )
Total net assets (liabilities): (29)
Members' funds
Profit and loss account: (29)
Total members' funds: ( 29)

The notes form part of these financial statements

CANDELA VR CIC

Balance sheet statements

For the year ending 30 November 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 12 June 2025
and signed on behalf of the board by:

Name: Semhar RUSSOM
Status: Director

The notes form part of these financial statements

CANDELA VR CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.

CANDELA VR CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

CANDELA VR CIC

Company Number: 15302177 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Candela VR CIC ran sessions with GCSE and A-level classes where students took part in physics-related virtual reality (VR) experience and exercises. These activities developed students understanding of the curriculum and beyond by providing an interactive and educational experience. It provided all necessary equipment and resources to the classes delivering the sessions for free to ensure accessibility for all schools. Candela VR CIC also attended events held by the University of Warwick where it promoted studying and pursuing careers within Physics and STEM which are pathways to a range of high impact, high paying careers to parents and pupils. These events provided parents and students with the opportunity to engage with current university undergraduates studying Physics to gain insight into what it is like to pursue these subjects and highlight the skills needed in the sector, and combat any myths surrounding studying physics to give the younger pupils the confidence to pursue it.

Consultation with stakeholders

Stakeholders include teachers and pupils from the classes that Candela VR CIC deliver sessions to. Feedback on the sessions and thoughts on the experience were collected from these groups after every session. These were then reviewed and where appropriate and possible, feedback on session structure and VR software was implemented.

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
12 June 2025

And signed on behalf of the board by:
Name: Semhar RUSSOM
Status: Director