Milton Keynes Music Academy C.I.C.
Registered name: MILTON KEYNES MUSIC ACADEMY C.I.C.
Milton Keynes Music Academy C.I.C. made £158k revenue and a £1.3k loss in the year to 31 Mar 2024.
Milton Keynes Music Academy C.I.C.’s revenue grew 55% to £158k in the year to 31 Mar 2024, with a loss of £1.3k and 2 employees. The company is classified under “cultural education” and is based in Milton Keynes; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Milton Keynes, 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 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £102k | £158k |
| Cost of sales | £0 | £0 |
| Gross profit | £102k | £158k |
| Operating profit | £9.1k | −£975 |
| Profit before tax | £9.1k | −£975 |
| Profit after tax | £7.9k | −£1.3k |
| Profit (best available) | £7.9k | −£1.3k |
| Employees (average) | 1 | 2 |
| Ratios | ||
| Profit margin | 7.7% | −0.8% |
| Gross margin | 100% | 100% |
| Revenue per employee | £102k | £79k |
| Profit per employee | £7.9k | −£636 |
| Growth (year on year) | ||
| Revenue growth | — | ▲55.1% |
| Profit growth | — | ▼116.2% |
| Headcount growth | — | ▲100% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6.3k | £9k |
| Net assets | £5.3k | £4k |
| Fixed assets | £117 | £4.2k |
| Current assets | £7.7k | £9.4k |
| Debtors | £0 | £150 |
| Deferred income | £1k | £1k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- −0.8%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £79k
- Revenue ÷ average employees.
- Profit per employee
- −£636
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.1%
- 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
- ▼24%
- Now £4k
- Cash at bank
- ▲41%
- Now £9k
- Headcount
- ▲100%
- Now 2
- Deferred income
- 0%
- Now £1k
- Fixed assets
- ▲3511%
- Now £4.2k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Allies Network C.I.C.Birmingham · Cultural education
- Revenue
- £156k
- Profit
- £4.1k
- Staff
- 0
- Boyan Maga School CICLondon · Cultural education
- Revenue
- £175k
- Profit
- £4.8k
- Staff
- 1
- Take Part Wellbeing CICNew Mills · Cultural education
- Revenue
- £185k
- Profit
- £18.5k
- Staff
- 21
- African Activities C.I.C.Southampton · Cultural education
- Revenue
- £127k
- Profit
- £1.1k
- Staff
- 5
- Black British Book Fest CICBirmingham · Cultural education
- Revenue
- £126k
- Profit
- £119
- Staff
- 1
- Imaginal Earth LimitedLondon · Cultural education
- Revenue
- £126k
- Profit
- £25.1k
- Staff
- 1
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£1.3k), from the Companies House accounts bulk data published Dec 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.