GOOD VIBES LOCAL CIC

Company limited by guarantee

Company Registration Number:
13029010 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

GOOD VIBES LOCAL CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GOOD VIBES LOCAL CIC

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

radio broadcasting and advertising



Directors

The director shown below has held office during the period of
1 December 2023 to 31 October 2024

Alison Cooney


The directors shown below have held office during the period of
1 November 2024 to 30 November 2024

Ruth Buckley
Joanne Pearson
Andrew Pearson
Amelia Murfitt


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
28 August 2025

And signed on behalf of the board by:
Name: Ruth Buckley
Status: Director

GOOD VIBES LOCAL CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,642 1,972
Total fixed assets: 1,642 1,972
Current assets
Debtors: 4 752 630
Cash at bank and in hand: 7,929 7,625
Total current assets: 8,681 8,255
Creditors: amounts falling due within one year: 5 ( 716 ) ( 757 )
Net current assets (liabilities): 7,965 7,498
Total assets less current liabilities: 9,607 9,470
Provision for liabilities: ( 312 ) 0
Total net assets (liabilities): 9,295 9,470
Members' funds
Profit and loss account: 9,295 9,470
Total members' funds: 9,295 9,470

The notes form part of these financial statements

GOOD VIBES LOCAL 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.

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 28 August 2025
and signed on behalf of the board by:

Name: Ruth Buckley
Status: Director

The notes form part of these financial statements

GOOD VIBES LOCAL 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 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. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class - Furniture, fittings and equipment Depreciation method and rate - 25% straight line

    Other accounting policies

    Basis of preparation 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. Revenue recognition 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. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. Tax The tax expense for the period comprises current and deferred 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. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Cash and cash equivalents 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 debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors 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. Restated comparatives The comparative figures have been restated to correct for missed depreciation and errors in reserves.

GOOD VIBES LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

GOOD VIBES LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 2,630 2,630
Additions 436 436
Disposals
Revaluations
Transfers
At 30 November 2024 3,066 3,066
Depreciation
At 1 December 2023 658 658
Charge for year 766 766
On disposals
Other adjustments
At 30 November 2024 1,424 1,424
Net book value
At 30 November 2024 1,642 1,642
At 30 November 2023 1,972 1,972

GOOD VIBES LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
£ £
Trade debtors 752 630
Total 752 630

GOOD VIBES LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 236 757
Accruals and deferred income 480 0
Total 716 757

COMMUNITY INTEREST ANNUAL REPORT

GOOD VIBES LOCAL CIC

Company Number: 13029010 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Good Vibes Local CIC is the Management Company who oversees Spotted in Ely.(SIE) SIE operate social media sites, a website, and a local internet radio. We also attend fundraising activities and events and local community events to help promote the City and its community. We have 4 directors and 5 members. We raise funds through advertisements for job vacancies, advertising local businesses and promoting local events, which are placed on our website and also on our social media pages. We attend local community events, and quite often compere the whole event or provide the sound and music system. In this financial year we have given away £300 to eight individual community organisations, £200 to a further eight community organisations and we were the main sponsor/promoter for the Arts Festival, a week long festival that takes place in Ely, for which we provided both financial and promotional help. We promote and organise a Pay It Forward Day for Ely, every February, which helps promote local businesses and helps bring the community together to help one another. We attended and compered 9 community events and we also live streamed the Remembrance Day Parade and the annual Mayor Making for the City of Ely. Our Internet radio, operates 24/7 and provides a local internet network for volunteer presenters to create their own shows and broadcast to the public. The radio currently has 7 voluntary presenters, a Radio Manager and can be listened to worldwide, either via an App, Smart Devices or laptop/PC.

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
28 August 2025

And signed on behalf of the board by:
Name: Ruth Buckley
Status: Director