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Strawberry Cow - Company Report

Extracts from this document...

Introduction

Young Enterprise; South East; South & Vale Area Company Number 4693699 Registered Charity Number 1097789 Strawberry Cow Company Report Containing Interim Accounts A. Table of Contents Strawberry Cow Company Report 1 A. Table of Contents 1 B. Executive Summary 1 C. Formation Of Company 2 D. Organisation 2 D.1 Function Directors 2 D.1.1. Managing Director 2 D.1.2. Administration (Secretary) 2 D.1.3. Finance Director 2 D.1.4. Marketing 2 D.1.5. Operations 2 D.1.6. Sales 2 D.1.7. Information Communication Technology 2 D.1.8. Human Resources 3 D.2 Organisation Chart 3 E. Company Ideas 3 F. Choosing the School 4 G. Pricing 4 H. Shareholdings 4 I. The After-School Club 5 J. Mother's Day Vases 5 K. Profit Forecast and Capital 6 K.1 After School Club 6 K.2 Sweet Selling 6 L. Financial Performance 6 M. Communications 7 N. Company Administration 7 O. Customer Focus, Marketing and Sales 7 P. Personal Evaluation 8 Appendices 8 A. Appendix 1 - Attendance Record 8 B. Appendix 2 - Balance Sheet 9 C. Appendix 3- Profit and Loss Account 10 B. Executive Summary Company Name: The Strawberry Cow Mission Statement: To provide a product or service the objectives of which is to satisfy a customer's needs and make a fair profit including value for money whilst using all resources material and people. Service: Children's After-School Club Summary of Financial Results: Current Income: �603.461 Current Expenditure: �234.091 Current Shareholders Funds: �293.231 Current Tax: �76.141 Summary Statement Of Company Performance: The Company are currently exceeding all expectations that the board had when the company was started. Our service has been an enormous success but is constantly being improved to ensure maximum financial and educational success. C. Formation Of Company The company was formed officially on 29th October 2005. On this, our first meeting, we decided on a name. After a long discussion we chose the name Strawberry Cow as this name while catchy didn't commit us to any particular product or idea. ...read more.

Middle

This was because it was felt that members of the public would not pay �10. Following discussions, and information presented by the Marketing, Sales and Finance departments, we decided that �41 was a reasonable amount to charge for the club. Sales liased with marketing, who researched prices charged by other clubs. H. Shareholdings The board of directors decided that we did not need to sell shares publicly. This was because we established enough profit from the sweet selling to provide us with enough money to spend on our first session and for subsequent sessions we would have a stash of money in our bank account. All achievers had a �10 share in the company; although each achiever put �12 into the original start-up costs. I. The After-School Club Within the after school club we decided to offer three different areas. These were art, music and drama. On our first session we split the 19 children attending into these three areas where they took part in themed activites. On our second session we had 20 children who attended. These children got to choose where they went and then took part in different activities. However only 3 children wanted to do music and it was felt that this wasn't enough children to run a session. These children split up and went to drama and art. In drama the children played some games, such as charades, to warm them up and then went on to perform "Little Red Riding Hood". This was a great success with the children thoroughly enjoying the experience. Art also had a great session creating presents for the children mothers, as that Sunday was Mothering Sunday. The children were able to paint a bottle for their mum and then put a few flowers into it. We provided the same service to Year 7's in our own school. Following each after school club we spent 15 minutes of feedback time at our weekly meeting on a Wednesday evening. ...read more.

Conclusion

P. Personal Evaluation I had a number of roles within the business. As I.C.T. director it was my job to assess the I.C.T needs of the company. I decided that it would not be cost effective to go out of our way to bring I.C.T. into the company. This meant that the only need of I.C.T. was for the production of company reports such as this one. It was also decided that I should create reports and presentations needed by the company. One such report, the basis for this coursework, was used within the Young Enterprise Achiever Competition. As Human Resources director I also had jobs that must be carried out. One of these roles was to keep an attendance record in order for the company members to gain their achiever award from the Young Enterprise organisation. A copy of our current achiever attendance record is appendix 1. Currently all but two members of the company are meeting the 80% attendance required to gain the award from Young Enterprise. Of the two who are not one has left the company while the other has been away from school for long periods of time due to illness. If I were to run the business again then I would ensure that the clubs were more organised. When running the clubs we were very un-organised and sometimes the activities did not last long enough. If it were to run again then we would need to plan well in advance what we were going to do on each of the days1. Appendices A. Appendix 1 - Attendance Record B. Appendix 2 - Balance Sheet 1 C. Appendix 3- Profit and Loss Account 1 1 The Company is still running and will do so until the 31st of July or until it liquidates, whichever occurs first. 1Financial figures correct at time of printing (17th April 2006) ?? ?? ?? ?? Strawberry Cow April 2006 Luke Lobo -10- Strawberry Cow Luke Lobo Business Studies Coursework Company Report April 2006 -1- Luke Lobo Strawberry Cow ...read more.

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