WE ARE WXM COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13183889 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

WE ARE WXM COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WE ARE WXM COMMUNITY INTEREST COMPANY

Balance sheet

As at 28 February 2023

Notes 2023 13 months to 28 February 2022


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,258 0
Investments:   0
Total fixed assets: 1,258 0
Current assets
Stocks: 4 150 0
Debtors:   0
Cash at bank and in hand: 930 0
Investments:   0
Total current assets: 1,080 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1,080 0
Total assets less current liabilities: 2,338 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 2,501 ) 0
Total net assets (liabilities): (163) 0
Members' funds
Profit and loss account: (163) 0
Total members' funds: ( 163) 0

The notes form part of these financial statements

WE ARE WXM COMMUNITY INTEREST COMPANY

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 November 2023
and signed on behalf of the board by:

Name: David Wayne Price
Status: Director

The notes form part of these financial statements

WE ARE WXM COMMUNITY INTEREST COMPANY

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

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and building over the lease term; Plant and machinery over 5 years; Fixtures, fittings, tools and equipment over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

WE ARE WXM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 13 months to 28 February 2022
    Average number of employees during the period 0 0

WE ARE WXM COMMUNITY INTEREST COMPANY

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 0 0
Additions 1,534 1,534
Disposals
Revaluations
Transfers
At 28 February 2023 1,534 1,534
Depreciation
At 1 March 2022 0 0
Charge for year 276 276
On disposals
Other adjustments
At 28 February 2023 276 276
Net book value
At 28 February 2023 1,258 1,258
At 28 February 2022 0 0

WE ARE WXM COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Stocks

2023 13 months to 28 February 2022
£ £
Stocks 150 0
Total 150 0

COMMUNITY INTEREST ANNUAL REPORT

WE ARE WXM COMMUNITY INTEREST COMPANY

Company Number: 13183889 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company was dormant until mid January 2023. In began trading when it acquired premises. In the premises we run a community cafe and creative venue space.The community cafe has emphasis at reducing carbon emissions and waste in its offeringThe venue runs and hosts various events. During this period it ran Pilates, Chair Yoga, tai chi, she-sheds, salsa, craft events as well as hosting a clothing exchange and a ‘free stall’.The companies activities have benefited the community in the following ways:local residents -particularly with an emphasis on health & well being.Local residents saving money and reducing landfill waste when hosting clothing exchanges and free stallsGenerating income for local self-employed people.

Consultation with stakeholders

The company’s stakeholders are residents of Wrexham, and local events organisers in the surrounding area. The directors have undertaken an online questionnaire with the public. We have also spoken one to one with local events organisers as well as the residents of Wrexham who have visited the venue. We will continue with thisThe results have been interesting and have shaped our plans for the next 12 months. These will include changing our activities to focus on improving the health and well being of our stakeholders & community.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: David Wayne Price
Status: Director