The Sid Youth CIC
Registered name: THE SID YOUTH CIC
The Sid Youth CIC made £419k revenue and £25.8k profit in the year to 31 Jan 2024.
The Sid Youth CIC’s revenue grew 38% to £419k in the year to 31 Jan 2024, with £25.8k profit and 9 employees. The company is classified under “other education” and is based in Worthing; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Worthing, South East
- Age
- 5 yrs · since 2021
- 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 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £132k | £304k | £419k |
| Cost of sales | £23k | £37.4k | £58.5k |
| Gross profit | £109k | £267k | £361k |
| Operating profit | £13.2k | £24.5k | £32.6k |
| Profit before tax | £13.2k | £24.5k | £32.5k |
| Profit after tax | £10.7k | £20.7k | £25.8k |
| Profit (best available) | £10.7k | £20.7k | £25.8k |
| Employees (average) | 4 | 9 | 9 |
| Ratios | |||
| Profit margin | 8.1% | 6.8% | 6.2% |
| Gross margin | 82.6% | 87.7% | 86% |
| Revenue per employee | £33k | £33.8k | £46.6k |
| Profit per employee | £2.7k | £2.3k | £2.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲130.5% | ▲37.9% |
| Profit growth | — | ▲93.1% | ▲24.8% |
| Headcount growth | — | ▲125% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £16.4k | £44.3k | £112k |
| Net assets | £10.7k | £31.3k | £57.1k |
| Fixed assets | £7.3k | £8.3k | £7.6k |
| Current assets | £29.4k | £63.9k | £186k |
| Debtors | £11.1k | £11.8k | £48.9k |
| Deferred income | £22.4k | £31.2k | £122k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 6.2%
- Profit ÷ revenue.
- Gross margin
- 86%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £46.6k
- Revenue ÷ average employees.
- Profit per employee
- £2.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 29.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.7%
- 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
- ▲82%
- Now £57.1k
- Cash at bank
- ▲153%
- Now £112k
- Headcount
- 0%
- Now 9
- Deferred income
- ▲290%
- Now £122k
- Fixed assets
- ▼9%
- Now £7.6k
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 31 Jan 2024 (profit £25.8k), 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.