SIERRAGEMMEDIA CIC

Company limited by guarantee

Company Registration Number:
13458540 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

SIERRAGEMMEDIA CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

SIERRAGEMMEDIA CIC

Directors' report period ended 30 June 2024

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

Principal activities of the company

The activity of the company was that of printing and media services

Political and charitable donations

There was no charitable or political donation during the year (nil for the year ended 30.06.2023)

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Sylvester Dugba
Obafemi Palmer


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
15 October 2025

And signed on behalf of the board by:
Name: Sylvester Dugba
Status: Director

SIERRAGEMMEDIA CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 6,490 36,540
Cost of sales: ( 15,973 ) ( 18,250 )
Gross profit(or loss): (9,483) 18,290
Distribution costs: 0 0
Administrative expenses: ( 1,510 ) ( 750 )
Operating profit(or loss): (10,993) 17,540
Interest payable and similar charges: ( 421 ) 0
Profit(or loss) before tax: (11,414) 17,540
Tax: 0 0
Profit(or loss) for the financial year: (11,414) 17,540

SIERRAGEMMEDIA CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 790 1,540
Total fixed assets: 790 1,540
Current assets
Stocks: 4 0 10,000
Total current assets: 0 10,000
Creditors: amounts falling due within one year: 5 ( 664 ) 0
Net current assets (liabilities): (664) 10,000
Total assets less current liabilities: 126 11,540
Total net assets (liabilities): 126 11,540
Members' funds
Profit and loss account: 126 11,540
Total members' funds: 126 11,540

The notes form part of these financial statements

SIERRAGEMMEDIA CIC

Balance sheet statements

For the year ending 30 June 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 15 October 2025
and signed on behalf of the board by:

Name: Sylvester Dugba
Status: Director

The notes form part of these financial statements

SIERRAGEMMEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates to write off the assets over their estimated useful lives:

SIERRAGEMMEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SIERRAGEMMEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 5,000 5,000
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 5,000 5,000
Depreciation
At 1 July 2023 3,460 3,460
Charge for year 750 750
On disposals
Other adjustments
At 30 June 2024 4,210 4,210
Net book value
At 30 June 2024 790 790
At 30 June 2023 1,540 1,540

SIERRAGEMMEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Stocks

2024 2023
£ £
Stocks 0 10,000
Total 0 10,000

SIERRAGEMMEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 164 0
Accruals and deferred income 500 0
Total 664 0

COMMUNITY INTEREST ANNUAL REPORT

SIERRAGEMMEDIA CIC

Company Number: 13458540 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Company activities and impact Last business year we were engaged in putting smiles to people’s faces in covering events from workshops AGMs for Alumni and charitable organizations. We also did some events coverage for non-governmental organization in the Uk. It was a challenging year, but we managed to cover some live events for charity organizations in our community to provide health and social awareness for the young and elderly. Promoting culture and supporting Community Organization in showcasing their full potential. Giving talented individuals the platform to express their views, opinions and the opportunity to network with each other. A: -. We look forward to this year we will love to do more than what we did last year.

Consultation with stakeholders

Consultation with stakeholders Meeting with community leaders asking for feedback and their views on matters and topics they are passionate about. One to One interview\v with talented Artists to see how we can work together in bring peace unity and national cohesion. Requesting reviews and feedback from websites and on Facebook.

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
15 October 2025

And signed on behalf of the board by:
Name: Sylvester Dugba
Status: Director