BABES IN THE WOOD STIRLING CIC

Company limited by guarantee

Company Registration Number:
SC589818 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

BABES IN THE WOOD STIRLING CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BABES IN THE WOOD STIRLING CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 207,457 147,826
Cost of sales: ( 4,793 ) ( 2,047 )
Gross profit(or loss): 202,664 145,779
Administrative expenses: ( 199,045 ) ( 167,520 )
Other operating income: 14,242
Operating profit(or loss): 3,619 (7,499)
Profit(or loss) before tax: 3,619 (7,499)
Tax: ( 915 ) 0
Profit(or loss) for the financial year: 2,704 (7,499)

BABES IN THE WOOD STIRLING CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 11,668 14,948
Investments:   0 0
Total fixed assets: 11,668 14,948
Current assets
Stocks:   0 0
Debtors:   0
Cash at bank and in hand: 43,264 34,961
Total current assets: 43,264 34,961
Prepayments and accrued income: 5,166 5,209
Creditors: amounts falling due within one year: 4 ( 3,815 ) ( 1,540 )
Net current assets (liabilities): 44,615 38,630
Total assets less current liabilities: 56,283 53,578
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 56,283 53,578
Members' funds
Profit and loss account: 56,283 53,578
Total members' funds: 56,283 53,578

The notes form part of these financial statements

BABES IN THE WOOD STIRLING CIC

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 November 2023
and signed on behalf of the board by:

Name: Heather Royan
Status: Director

The notes form part of these financial statements

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Computer Equipment - 5yrs Straight LineLeasehold Improvements - Reducing balance 5 yearsOffice Equipment - Straight Line 5 yearsPlant and Machinery - Reducing balance 25%

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 6

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 6,686 10,223 5,394 22,303
Additions 309 312 621
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 28 February 2023 6,995 10,223 5,706 22,924
Depreciation
At 1 March 2022 1,475 3,014 2,866 7,355
Charge for year 1,328 1,442 1,131 3,901
On disposals
Other adjustments
At 28 February 2023 2,803 4,456 3,997 11,256
Net book value
At 28 February 2023 4,192 5,767 1,709 11,668
At 28 February 2022 5,211 7,209 2,528 14,948

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,393 422
Taxation and social security 2,392 1,106
Other creditors 30 12
Total 3,815 1,540

COMMUNITY INTEREST ANNUAL REPORT

BABES IN THE WOOD STIRLING CIC

Company Number: SC589818 (Scotland)

Year Ending: 28 February 2023

Company activities and impact

Babes in the Wood Stirling CIC supplies packs of toys, clothes & baby equipment to families facing hardship via partnerships with NHS health Visitors, Social Workers & other family support agencies. Each Christmas we facilitate a community Christmas toy appeal to provide toys for families who would otherwise struggle. We encourage community recycling by accepting donations of children's items & operate a community shop where the public benefit from good quality items at low prices. A small percentage of our donations are sold via online platforms to maximise their impact.Babes in the Wood also offers volunteering opportunities including placements for the Duke of Edinburgh awards scheme & work experience for DWP employability programmes.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors Remuneration £36,488.40

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 November 2023

And signed on behalf of the board by:
Name: Heather Royan
Status: Director