Furthest From the Sea Music, Comedy & Arts CIC
Registered name: FURTHEST FROM THE SEA MUSIC, COMEDY & ARTS CIC
Furthest From the Sea Music, Comedy & Arts CIC made £65.7k revenue and £3.8k profit in the year to 30 Nov 2023.
Furthest From the Sea Music, Comedy & Arts CIC’s revenue fell 7% to £65.7k in the year to 30 Nov 2023, with £3.8k profit and 3 employees. The company is classified under “performing arts” and is based in Heanor; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Heanor, East Midlands
- Age
- 9 yrs · since 2016
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2021 | 30 Nov 2022 | 30 Nov 2023 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £70.2k | £65.7k |
| Cost of sales | — | £56.3k | £49.7k |
| Gross profit | — | £13.9k | £16k |
| Operating profit | — | £4.4k | £4.1k |
| Profit before tax | — | £4.3k | £4.2k |
| Profit after tax | — | £3.9k | £3.8k |
| Profit (best available) | — | £3.9k | £3.8k |
| Employees (average) | 3 | 3 | 3 |
| Ratios | |||
| Profit margin | — | 5.6% | 5.8% |
| Gross margin | — | 19.9% | 24.3% |
| Revenue per employee | — | £23.4k | £21.9k |
| Profit per employee | — | £1.3k | £1.3k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼6.5% |
| Profit growth | — | — | ▼3.6% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.8k | £4.6k | £25.7k |
| Net assets | £1.6k | £5.5k | £9.3k |
| Fixed assets | £394 | £2.5k | £4.6k |
| Current assets | £1.8k | £4.6k | £27.8k |
| Debtors | — | £0 | £2.1k |
| Deferred income | £600 | £660 | £21.5k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 5.8%
- Profit ÷ revenue.
- Gross margin
- 24.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £21.9k
- Revenue ÷ average employees.
- Profit per employee
- £1.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 32.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.2%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲68%
- Now £9.3k
- Cash at bank
- ▲453%
- Now £25.7k
- Headcount
- 0%
- Now 3
- Deferred income
- ▲3157%
- Now £21.5k
- Fixed assets
- ▲87%
- Now £4.6k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2023 (profit £3.8k), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.