PRODUCTIVITY HUBS CIC

Company limited by guarantee

Company Registration Number:
15935849 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 4 September 2024

End date: 30 September 2025

PRODUCTIVITY HUBS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

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

PRODUCTIVITY HUBS CIC

Profit And Loss Account

for the Period Ended 30 September 2025

13 months to 30 September 2025


£
Turnover: 1,168
Cost of sales: ( 1,069 )
Gross profit(or loss): 99
Administrative expenses: ( 99 )
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

PRODUCTIVITY HUBS CIC

Balance sheet

As at 30 September 2025

Notes 13 months to 30 September 2025


£
Current assets
Cash at bank and in hand: 705
Total current assets: 705
Prepayments and accrued income: 16
Creditors: amounts falling due within one year: 3 ( 134 )
Net current assets (liabilities): 587
Total assets less current liabilities: 587
Accruals and deferred income: ( 587 )
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

PRODUCTIVITY HUBS CIC

Balance sheet statements

For the year ending 30 September 2025 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 28 November 2025
and signed on behalf of the board by:

Name: Rebecca Webster
Status: Director

The notes form part of these financial statements

PRODUCTIVITY HUBS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. 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

    Debtors due within one year Creditors: Amounts Falling Due Within One Year

PRODUCTIVITY HUBS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    13 months to 30 September 2025
    Average number of employees during the period 1

PRODUCTIVITY HUBS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Creditors: amounts falling due within one year note

13 months to 30 September 2025
£
Other creditors 134
Total 134

COMMUNITY INTEREST ANNUAL REPORT

PRODUCTIVITY HUBS CIC

Company Number: 15935849 (England and Wales)

Year Ending: 30 September 2025

Company activities and impact

The Productivity Hubs CIC was set up to provide business support, business advice and informal networking opportunities to support the small business owners in Lincolnshire – helping these businesses to raise their profile, as well as develop, improve and grow their businesses. The short-term aim is to deliver events for the business community in Lincolnshire, funded by grants, donations and ticket sales. These events are open to all small businesses in the region. In the year, we successfully applied for a small start-up grant which allowed us to put on one networking event. The grant was used to subsidise the ticket price. We provided a 4 hours event, with 3 excellent speakers, food and plenty of time for informal networking. Feedback from the event was extremely positive. It was particularly encouraging that we attracted new people to the event in addition to those that were members of the original Productivity Hubs Programme* * the original Productivity Hubs Programme was a 3-year programme of business support aimed at the small businesses of Lincolnshire. When the University of Lincoln and ERDF funding ended in 2023, we had an overwhelming amount of feedback from participants asking us to try and continue the programme and this was the rationale behind setting up the Productivity Hubs CIC. The networking events which we ran under the original programme focused on community and mutual support and were very successful because the focus on informal networking and community fulfilled a need that other networking events and business clubs did not. Our new Productivity Hubs CIC has therefore focused on this area first.

Consultation with stakeholders

Stakeholders are: Small and micro business owners based in Lincolnshire Organisations that provide support to Lincolnshire’s small and micro business owners The directors have informally canvassed stakeholders to determine what support is current available, what the gaps are in the support, and to determine what funding is available for support. Feedback has been used to inform decisions on how we can best add value to our target market. Feedback has been used to develop a programme of business support aimed at our target market. Depending on funding availability, it is our intention to launch this programme in 2026

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
8 December 2025

And signed on behalf of the board by:
Name: Rebecca Webster
Status: Director