COLOUR WAYS GLASGOW CIC

Company limited by guarantee

Company Registration Number:
SC661026 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

COLOUR WAYS GLASGOW CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COLOUR WAYS GLASGOW CIC

Balance sheet

As at 31 August 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 37 37
Investments:   0 0
Total fixed assets: 37 37
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 10,370 2,838
Investments:   0 0
Total current assets: 10,370 2,838
Prepayments and accrued income: 4,214 508
Creditors: amounts falling due within one year: 4 ( 7,951 ) ( 81 )
Net current assets (liabilities): 6,633 3,265
Total assets less current liabilities: 6,670 3,302
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0
Total net assets (liabilities): 6,670 3,302
Members' funds
Profit and loss account: 6,670 3,302
Total members' funds: 6,670 3,302

The notes form part of these financial statements

COLOUR WAYS GLASGOW CIC

Balance sheet statements

For the year ending 31 August 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 12 May 2026
and signed on behalf of the board by:

Name: Andrew McGlone
Status: Director

The notes form part of these financial statements

COLOUR WAYS GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 August 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services I 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 fixed assets are stated at cost of valuation less depreciation. Depreciation is provided on all tangible fixed assets on a straight line basis as follows: Plant and Machinery 3 years, Office Equipment: 3 years.

COLOUR WAYS GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

COLOUR WAYS GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2024 2,109 2,109
Additions
Disposals
Revaluations
Transfers
At 31 August 2025 2,109 2,109
Depreciation
At 1 September 2024 2,072 2,072
Charge for year
On disposals
Other adjustments
At 31 August 2025 2,072 2,072
Net book value
At 31 August 2025 37 37
At 31 August 2024 37 37

COLOUR WAYS GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 0 0
Taxation and social security 4,861 81
Accruals and deferred income 3,090 0
Other creditors 0 0
Total 7,951 81

COMMUNITY INTEREST ANNUAL REPORT

COLOUR WAYS GLASGOW CIC

Company Number: SC661026 (Scotland)

Year Ending: 31 August 2025

Company activities and impact

In September 2024, we took over the lease for the artist studios we have been members of since 2020. This saved 15 artists from eviction and enabled us to continue to operate from these premises. Within the studios, there are several street artists and graffiti writers who hold studios with us. Providing affordable studio space while also fostering community within the building has been a great addition to the work we do in the city. In January 2025, we started posting daily vlogs that documented the process of being an artist, offering insight into the daily trials and tribulations artists face. These vlogs also served as a way to document the local street art and graffiti scene, bringing the work of local artists to a wider audience. In April 2025, we took on the lease to 50 Hill Street in the Garnethill area of Glasgow with the aim of opening a gallery. Working alongside Ciaran Globel and Conzo Throb we spent 35 days transforming an underused shop into a colourful art gallery. Grateful Gallery officially opened on the 5th of June 2025. Our first show featured over 50 artists and was a resounding success. Having this space will allow us to continue to support and promote street artists and graffiti writers in Glasgow by giving them a place to showcase their work as well as sell their own artwork and merchandise. Our second show was with legendary graffiti writer SmugOne titled ‘Dead Grateful’. We raised money for Calton Athletic Recovery Group in Glasgow's east end, with £1565 in total being donated.

Consultation with stakeholders

While creating the daily vlogs, our social media following grew from 11k to 56k, increasing our reach and engagement with the local community. We had several videos go viral, with comments being overwhelmingly positive about the work taking place in the city. During this time, we took on the gallery and documented the process from start to finish. This gave the viewers a sense of connection and investment in the gallery. We launched a crowdfunder in May 20225 to help with the initial costs of setting up the gallery. We were overwhelmed by the support and raised over £12k in donations. Having a physical space allows us to have direct contact with our customers and also the street art and graffiti community. We host a new opening every month, enabling artists to meet and discuss their practices and future projects. The studio also has regular contact with the tenants to discuss any issues that arise there.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £21,523. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require 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
12 May 2026

And signed on behalf of the board by:
Name: Andrew McGlone
Status: Director