3 01/10/2024 01/10/2025 2025-10-01 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14375223 2024-10-01 2025-10-01 14375223 2025-10-01 14375223 2024-09-30 14375223 2023-10-01 2024-09-30 14375223 2024-09-30 14375223 2023-09-30 14375223 core:FurnitureFittingsToolsEquipment 2024-10-01 2025-10-01 14375223 bus:RegisteredOffice 2024-10-01 2025-10-01 14375223 bus:LeadAgentIfApplicable 2024-10-01 2025-10-01 14375223 bus:Director1 2024-10-01 2025-10-01 14375223 bus:Director2 2024-10-01 2025-10-01 14375223 bus:Director3 2024-10-01 2025-10-01 14375223 core:FurnitureFittingsToolsEquipment 2024-09-30 14375223 core:FurnitureFittingsToolsEquipment 2025-10-01 14375223 core:WithinOneYear 2025-10-01 14375223 core:WithinOneYear 2024-09-30 14375223 core:RetainedEarningsAccumulatedLosses 2025-10-01 14375223 core:RetainedEarningsAccumulatedLosses 2024-09-30 14375223 core:FurnitureFittingsToolsEquipment 2024-09-30 14375223 bus:SmallEntities 2024-10-01 2025-10-01 14375223 bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-10-01 14375223 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-10-01 14375223 bus:CompanyLimitedByGuarantee 2024-10-01 2025-10-01 14375223 bus:FullAccounts 2024-10-01 2025-10-01

Company registration number: 14375223

Skate Molton CIC

Company limited by guarantee

Unaudited financial statements

For the period 1 October 2024 to

01 October 2025

Skate Molton CIC

Company limited by guarantee

Directors and other information

Skate Molton CIC

Company limited by guarantee

Directors report

Period ended 1 October 2025

The directors present their report and the unaudited financial statements of the company for the period 1 October 2024 to 1 October 2025.

Directors

The directors who served the company during the period were as follows:

Verity Hanson

James Swanson

Natasha Walker

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2026 and signed on behalf of the board by:

Verity Hanson

Director

Skate Molton CIC

Company limited by guarantee

Statement of comprehensive income

Period 1 October 2024 to 1 October 2025

All the activities of the company are from continuing operations.

Skate Molton CIC

Company limited by guarantee

Statement of financial position

As at 1 October 2025

For the period ending 01 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2026 and are signed on behalf of the board by:

Verity Hanson

Director

Company registration number: 14375223

Skate Molton CIC

Company limited by guarantee

Notes to the financial statements

Period ended 1 October 2025

1. General information

The company is a private company limited by guarantee, registered in UK. The address of the registered office is Skate Molton CIC , Southley Road, South Molton, EX36 3DB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Company continues to genarate income and funding to allow it to operate and facilitate the growth of its services to the community. This financial year was transitional resulting in a reduction of its reserves. The Directors are of the opinion that the Compny will continue to be a going concern. The accounts are prepared on that basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Limited by guarantee

In the event of winding up each member undertakes to contribute to the Assets of the Company in a sum not exceeding £1.

5. Employee numbers

The average number of persons employed by the company during the period amounted to 3 (2024: 3 .

6. Loss/profit before taxation

Loss/profit before taxation is stated after charging/(crediting):

7. Tangible assets

8. Debtors

9. Creditors: amounts falling due within one year