Ramsgate Festival of Sound CIC
Registered name: RAMSGATE FESTIVAL OF SOUND CIC
Ramsgate Festival of Sound CIC made £70k revenue and £6.5k profit in the year to 30 Nov 2023.
Ramsgate Festival of Sound CIC’s revenue grew 17% to £70k in the year to 30 Nov 2023, with £6.5k profit and 2 employees. The company is classified under “support activities to performing arts” and is based in Broadstairs; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Broadstairs, South East
- Age
- 6 yrs · since 2019
- 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 2022 | 30 Nov 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £59.6k | £70k |
| Cost of sales | £59.9k | £56.6k |
| Gross profit | −£329 | £13.4k |
| Operating profit | −£7.9k | £6.5k |
| Profit before tax | −£7.9k | £6.5k |
| Profit after tax | −£7.9k | £6.5k |
| Profit (best available) | −£7.9k | £6.5k |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | −13.3% | 9.3% |
| Gross margin | −0.5% | 19.2% |
| Revenue per employee | £29.8k | £35k |
| Profit per employee | −£4k | £3.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▲17.5% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.5k | £2.3k |
| Net assets | −£5.2k | £1.3k |
| Fixed assets | £0 | £0 |
| Current assets | £1.5k | £2.3k |
| Deferred income | £1k | £974 |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 9.3%
- Profit ÷ revenue.
- Gross margin
- 19.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £35k
- Revenue ÷ average employees.
- Profit per employee
- £3.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.4%
- 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 £1.3k
- Cash at bank
- ▲60%
- Now £2.3k
- Headcount
- 0%
- Now 2
- Deferred income
- ▼3%
- Now £974
- Fixed assets
- —
- Now £0
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 £6.5k), 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.