BULGARIAN SCHOOL AZBUKARCHE CIC

Company limited by guarantee

Company Registration Number:
SC764176 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

BULGARIAN SCHOOL AZBUKARCHE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BULGARIAN SCHOOL AZBUKARCHE CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1,240 345
Total fixed assets: 1,240 345
Current assets
Cash at bank and in hand: 780 327
Total current assets: 780 327
Creditors: amounts falling due within one year: 4 ( 220 )
Net current assets (liabilities): 560 327
Total assets less current liabilities: 1,800 672
Total net assets (liabilities): 1,800 672
Members' funds
Profit and loss account: 1,800 672
Total members' funds: 1,800 672

The notes form part of these financial statements

BULGARIAN SCHOOL AZBUKARCHE CIC

Balance sheet statements

For the year ending 31 March 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.

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 30 December 2025
and signed on behalf of the board by:

Name: Leda Todorova-Aleksieva
Status: Director

The notes form part of these financial statements

BULGARIAN SCHOOL AZBUKARCHE CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 comprises income from school fees, grants, donations, and related educational activities. Income is recognised in the period to which it relates. Grants and donations are recognised when the company is entitled to receive the funds and when any related conditions have been met.

    Other accounting policies

    The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A (Small Entities). Turnover comprises income from school fees, grants, and donations, recognised in the period to which it relates. Grants received are recognised when the company is entitled to the funds and any conditions attached to the grants have been met. The company is considered a going concern.

BULGARIAN SCHOOL AZBUKARCHE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

BULGARIAN SCHOOL AZBUKARCHE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 0 345 345
Additions 331 564 895
Disposals
Revaluations
Transfers
At 31 March 2025 331 909 1,240
Depreciation
At 1 April 2024
Charge for year
On disposals
Other adjustments
At 31 March 2025
Net book value
At 31 March 2025 331 909 1,240
At 31 March 2024 0 345 345

BULGARIAN SCHOOL AZBUKARCHE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025
£
Amounts due under finance leases and hire purchase contracts 220
Total 220

COMMUNITY INTEREST ANNUAL REPORT

BULGARIAN SCHOOL AZBUKARCHE CIC

Company Number: SC764176 (Scotland)

Year Ending: 31 March 2025

Company activities and impact

During the financial year, the company continued to benefit the local community by providing structured educational and cultural activities for Bulgarian children and families living in Glasgow and the surrounding areas. Through its educational programmes, the school supported the preservation of Bulgarian language, history, and cultural identity, while also promoting inclusion, social cohesion, and intercultural understanding within the wider Scottish community. The school organised regular classes, cultural celebrations, and community events that encouraged parental involvement, strengthened community ties, and supported the social and emotional development of children growing up in a multicultural environment.

Consultation with stakeholders

During the financial year, the company engaged in ongoing consultation with key stakeholders, including parents, pupils, teaching staff, volunteers, and members of the Bulgarian community in Glasgow. A Parents’ Committee operates within the school and plays an active role in the decision-making process by providing structured feedback and participating in discussions on school activities, events, and priorities. The Parents’ Committee is democratically elected by a vote of parents, with more than 50% of registered pupils’ parents participating in the election process, ensuring fair representation of the wider school community. Regular communication, meetings, and community events ensured that stakeholder views were considered and contributed to the continuous improvement of the school’s activities.

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
30 December 2025

And signed on behalf of the board by:
Name: Leda Todorova-Aleksieva
Status: Director