MAKE MEE STUDIO CIC

Company limited by guarantee

Company Registration Number:
13203246 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 March 2024

End date: 31 December 2024

MAKE MEE STUDIO CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

MAKE MEE STUDIO CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The company is a Community Interest Company (CIC). As such, the CIC's activities are outlined in the Community Interest Annual Report that is included within this filing.



Directors

The directors shown below have held office during the whole of the period from
1 March 2024 to 31 December 2024

Jaime Greenly
Tracey Mee
Nigel Joseph Richard Mullan


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
11 December 2025

And signed on behalf of the board by:
Name: Tracey Mee
Status: Director

MAKE MEE STUDIO CIC

Profit And Loss Account

for the Period Ended 31 December 2024

31 December 2024 29 February 2024


£

£
Turnover: 130,663 145,720
Cost of sales: ( 4,426 ) ( 6,386 )
Gross profit(or loss): 126,237 139,334
Administrative expenses: ( 140,153 ) ( 148,182 )
Other operating income: 25,500 8,849
Operating profit(or loss): 11,584 1
Interest payable and similar charges: ( 2 )
Profit(or loss) before tax: 11,584 (1)
Tax: ( 2,285 )
Profit(or loss) for the financial year: 9,299 (1)

MAKE MEE STUDIO CIC

Balance sheet

As at 31 December 2024

Notes 31 December 2024 29 February 2024


£

£
Fixed assets
Tangible assets: 3 2,091 2,821
Total fixed assets: 2,091 2,821
Current assets
Debtors: 4 300 392
Cash at bank and in hand: 55,840 36,629
Total current assets: 56,140 37,021
Creditors: amounts falling due within one year: 5 ( 42,268 ) ( 33,178 )
Net current assets (liabilities): 13,872 3,843
Total assets less current liabilities: 15,963 6,664
Total net assets (liabilities): 15,963 6,664
Members' funds
Profit and loss account: 15,963 6,664
Total members' funds: 15,963 6,664

The notes form part of these financial statements

MAKE MEE STUDIO CIC

Balance sheet statements

For the year ending 31 December 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 11 December 2025
and signed on behalf of the board by:

Name: Tracey Mee
Status: Director

The notes form part of these financial statements

MAKE MEE STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Revenue 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. Grants and funding are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant/funding conditions will be met, and the grants will be received. Grants and funding that specify performance conditions are recognised in Other Operating Income when the performance conditions are met. Where grant or funding income does not specify performance conditions, it is recognised in income when the proceeds are received or receivable. Grants and funding received before the recognition criteria are satisfied is recognised as a liability.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over their expected useful economic life on a straight lie basis, as follows: - Land and buildings - 25 years - Plant and machinery - 5 years - Fixtures and fittings - 5 years - Vehicles - 10 years - Office equipment - 3 years

MAKE MEE STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    31 December 2024 29 February 2024
    Average number of employees during the period 3 3

    This number includes only the directors.

MAKE MEE STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2024 3,344 1,996 5,340
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 3,344 1,996 5,340
Depreciation
At 1 March 2024 824 1,695 2,519
Charge for year 571 159 730
On disposals
Other adjustments
At 31 December 2024 1,395 1,854 3,249
Net book value
At 31 December 2024 1,949 142 2,091
At 29 February 2024 2,520 301 2,821

MAKE MEE STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

31 December 2024 29 February 2024
£ £
Trade debtors 300 44
Prepayments and accrued income 348
Total 300 392

Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

MAKE MEE STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

31 December 2024 29 February 2024
£ £
Bank loans and overdrafts 13
Trade creditors 4,746 4,408
Taxation and social security 2,285
Accruals and deferred income 22,135 15,655
Other creditors 13,102 13,102
Total 42,268 33,178

Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

COMMUNITY INTEREST ANNUAL REPORT

MAKE MEE STUDIO CIC

Company Number: 13203246 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company runs sewing and creative classes in the London Borough of Lewisham. The primary aim of Make Mee Studio CIC is to make sewing and creativity as accessible, inclusive, and as environmentally and socially beneficial as possible. At Make Mee Studio CIC, we ran a number of projects and worked on initiatives that have benefited the community in the financial year 1st March 2024 -ending December 31st 2024. - The CIC experienced continued success with their funded Sew Together project - A free 18 week course for local residents who would not usually be able to afford sewing classes or who are experiencing isolation. Following overwhelmingly positive feedback from participants during the pilot year and a long wait list. The CIC applied for and gained a £20,000 National Lottery grant to continue this project. These workshops began in September 2024 and we will be able to run 72 weekly workshops, running until July 2026. By the end of the project we predict we will have provided free sessions for over 110 people. - The CIC continues to partner with local support agencies such as social prescribing network Community Connections as well as working with local charities who support sanctuary seekers. The Refugee Council, and Lewisham Migrant and Refugee Network. We feel this is an important part of the project providing a place for integration and community building as Lewisham is a Borough of Sanctuary. As part of the funding we provide travel expenses for those who need it, so getting to the course is not a barrier to entry. - The CIC continues to offer free or low cost subsidised places at weekly sessions called The Sewcial. We are funding these places from our takings from other courses. At the Sewcial people can use our studio and equipment to work on their own sewing projects and socialise with other makers. Building a diverse local sewing community. - Following the success of the free mending workshops in the last financial year. The CIC is working on a collaboration between Lewisham Council Strategic Waste Team, Lewisham Libraries and Lewisham Council Housing to run 24 free mending workshops for residents around the borough. - The CIC ran 2 series of subsidised sewing workshops with local charity Lewisham Refugee and Migrant Network - women’s group. Teaching practical sewing skills to the women who have experienced gender based violence. - The CIC worked with Lewisham Libraries on a Arts Council Funded project called Imagined Worlds. We collaborated with a local author teaching three free intergenerational workshops based on world building, the history of banner making and teaching practical making skills to produce a collaborative community banner for an imagined future world that is now displayed in our home at Crofton Park Library. - The CIC organised a free make to donate session during a local festival, teaching sewing skills to local community members and donating what they made to local Refugee and Migrant Charities. - Co-Director Jaime Greenly attended a year-long programme from The School of Social Entrepreneurs gaining skills from experts in running a successful social enterprise. Focusing on how to improve our traded income. We also received over £3000 in Match funding from this project and have been making strategic changes to our plans putting into practise the skills learnt to improve the business. - The CIC provided 2 work experience placements for local school students. - We have provided 4 regular weekly or bi-weekly volunteer placements and have a team of ad hoc volunteers who join us to help out at our community focused sessions, like the mending drop ins and our sewcials. The volunteers gain skills in teaching, organisation and meet new people. - Where possible, The CIC sourced materials for our workshops from local and sustainable sources, purchasing end of roll and remnant fabrics and receiving donations of materials.

Consultation with stakeholders

The company’s stakeholders are the participants that attend our classes and courses as well as other local organisations in the charity/ support sector. The CIC continues to use feedback and evaluation forms to monitor our impact and progress. The valuable feedback from our Sew Together project meant we were able to prove our impact when applying for the National Lottery funding. We gained a greater amount of funding for the project, we believe this success is down to our thorough report of the initial pilot scheme. We can now run that project for another 2 years. We have used our links with support organisations in the area to develop our funded projects with the needs of specific target audiences in mind. Building links with local refugee charities has been a particular success for this financial year. The CIC regularly asks for feedback from our students on all of our courses and tests new ideas with focus groups.

Directors' remuneration

The total directors’ remuneration was £52,938.72. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the director’s loss of office, which required to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 December 2025

And signed on behalf of the board by:
Name: Tracey Mee
Status: Director