My Festival CIC
Registered name: MY FESTIVAL CIC
My Festival CIC made £20.6k revenue and £4k profit in the year to 31 May 2024.
My Festival CIC’s revenue grew 4% to £20.6k in the year to 31 May 2024, with £4k profit and 2 employees. The company is classified under “support activities to performing arts” and is based in Felixstowe; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Felixstowe, East of England
- Age
- 9 yrs · since 2017
- 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 | 31 May 2023 | 31 May 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £19.8k | £20.6k |
| Cost of sales | £5.3k | £5.4k |
| Gross profit | £14.4k | £15.3k |
| Operating profit | −£4k | £4k |
| Profit before tax | −£4k | £4k |
| Profit after tax | −£4k | £4k |
| Profit (best available) | −£4k | £4k |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | −20.3% | 19.6% |
| Gross margin | 73% | 74% |
| Revenue per employee | £9.9k | £10.3k |
| Profit per employee | −£2k | £2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲4.4% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6.5k | £6.3k |
| Net assets | −£12.9k | −£8.9k |
| Fixed assets | £9.2k | £7.6k |
| Current assets | £6.5k | £6.3k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 19.6%
- Profit ÷ revenue.
- Gross margin
- 74%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £10.3k
- Revenue ÷ average employees.
- Profit per employee
- £2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 36.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now −£8.9k
- Cash at bank
- ▼3%
- Now £6.3k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼17%
- Now £7.6k
Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit £4k), from the Companies House accounts bulk data published Oct 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.