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# STIWDIO3 CIC

## Company Registration Number:
10063450 (England and Wales)

## Unaudited statutory accounts for the year ended 29 March 2024

## Period of accounts

## Start date: 1 April 2023

## End date: 29 March 2024

# STIWDIO3 CIC

## Contents of the Financial Statements

for the Period Ended 29 March 2024

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

# STIWDIO3 CIC

## Profit And Loss Account

for the Period Ended 29 March 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 151,008 | 236,968
Cost of sales: | ( 55,669 ) | ( 74,945 )
Gross profit(or loss): | 95,339 | 162,023
Distribution costs: | 0 | 0
Administrative expenses: | ( 144,321 ) | ( 165,132 )
Operating profit(or loss): | (48,982) | (3,109)
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | (48,982) | (3,109)
Tax: | 0 | 0
Profit(or loss) for the financial year: | (48,982) | (3,109)

# STIWDIO3 CIC

## Balance sheet

As at 29 March 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 15,411 | 15,411
Total fixed assets: |  | 15,411 | 15,411
Current assets
Stocks: | 4 | 4,262 | 4,262
Debtors: | 5 | 17,264 | 10,931
Cash at bank and in hand: |  | 2,732 | 2,520
Total current assets: |  | 24,258 | 17,713
Creditors: amounts falling due within one year: | 6 | ( 72,503 ) | ( 27,888 )
Net current assets (liabilities): |  | (48,245) | (10,175)
Total assets less current liabilities: |  | (32,834) | 5,236
Creditors: amounts falling due after more than one year: | 7 | ( 12,057 ) | ( 16,475 )
Total net assets (liabilities): |  | (44,891) | (11,239)
Capital and reserves
Called up share capital: |  | 14,000 | 14,000
Share premium account: |  | 13,772 | 13,772
Other reserves: |  | 45,264 | 41,164
Profit and loss account: |  | (117,927 ) | (80,175 )
Total Shareholders' funds: |  | ( 44,891 ) | (11,239)

The notes form part of these financial statements

# STIWDIO3 CIC

## Balance sheet statements

For the year ending 29 March 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 8 April 2025
and signed on behalf of the board by:

Name: Jessica Owen
Status: Director

The notes form part of these financial statements

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 6 | 7

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2023 |  |  | 21,351 | 6,474 |  | 27,825
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 29 March 2024 |  |  | 21,351 | 6,474 |  | 27,825
Depreciation |  |  |  |  |  |
At 1 April 2023 |  |  | 8,562 | 3,852 |  | 12,414
Charge for year |  |  |  |  |  |
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 29 March 2024 |  |  | 8,562 | 3,852 |  | 12,414
Net book value |  |  |  |  |  |
At 29 March 2024 |  |  | 12,789 | 2,622 |  | 15,411
At 31 March 2023 |  |  | 12,789 | 2,622 |  | 15,411

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

## 4. Stocks

| 2024 | 2023
--- | --- | ---
| £ | £
Stocks | 4,262 | 4,262
Total | 4,262 | 4,262

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

## 5. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Prepayments and accrued income | 17,264 | 10,931
Total | 17,264 | 10,931

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

## 6. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Trade creditors | 29,964 | 9,887
Taxation and social security | 20,917 | 6,755
Other creditors | 21,622 | 11,246
Total | 72,503 | 27,888

# STIWDIO3 CIC

## Notes to the Financial Statements

for the Period Ended 29 March 2024

## 7. Creditors: amounts falling due after more than one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 12,057 | 16,475
Total | 12,057 | 16,475

# COMMUNITY INTEREST ANNUAL REPORT

### STIWDIO3 CIC

### Company Number: 10063450 (England and Wales)

### Year Ending: 29 March 2024

Company activities and impact

We confirm that our community crafting groups are still active and ongoing. These sessions continue to provide a welcoming and inclusive space where individuals can drop in, take part in creative activities, and connect with others in the community. Participants are free to attend on a casual basis, with no requirement for prior booking, ensuring accessibility for anyone who wishes to engage. The groups support social interaction, skill-sharing, and wellbeing through creative expression, and remain an important part of our community offering. In addition, we operate a shop that provides a platform for local artists and makers to sell their creations. This supports small-scale creatives within the community by giving them a space to showcase and generate income from their work, while also offering visitors the opportunity to purchase unique, locally made items. We also host a shared workspace run by Pobl Dda, designed for individuals who may be struggling to work from home. This provides access to a supportive and productive office environment, helping users maintain focus, routine, and connection while working. We remain committed to maintaining these activities and encouraging local participation.

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
8 April 2024

And signed on behalf of the board by:
Name: Jessica Owen
Status: Director