SOOTHING STITCHES CIC

Company limited by guarantee

Company Registration Number:
14410929 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 11 October 2022

End date: 31 October 2023

SOOTHING STITCHES CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

SOOTHING STITCHES CIC

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of the company during the year under review was Arts and Crafts for communitygroups.



Directors

The director shown below has held office during the period of
10 November 2022 to 31 October 2023

Sally Harper


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

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

And signed on behalf of the board by:
Name: Sally Harper
Status: Director

SOOTHING STITCHES CIC

Profit And Loss Account

for the Period Ended 31 October 2023

13 months to 31 October 2023


£
Turnover: 17,000
Cost of sales: ( 7,105 )
Gross profit(or loss): 9,895
Administrative expenses: ( 925 )
Operating profit(or loss): 8,970
Profit(or loss) before tax: 8,970
Tax: ( 1,704 )
Profit(or loss) for the financial year: 7,266

SOOTHING STITCHES CIC

Balance sheet

As at 31 October 2023

Notes 13 months to 31 October 2023


£
Current assets
Cash at bank and in hand: 8,970
Total current assets: 8,970
Creditors: amounts falling due within one year: 3 ( 1,704 )
Net current assets (liabilities): 7,266
Total assets less current liabilities: 7,266
Total net assets (liabilities): 7,266
Members' funds
Profit and loss account: 7,266
Total members' funds: 7,266

The notes form part of these financial statements

SOOTHING STITCHES CIC

Balance sheet statements

For the year ending 31 October 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 10 November 2023
and signed on behalf of the board by:

Name: Sally Harper
Status: Director

The notes form part of these financial statements

SOOTHING STITCHES CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reducedfor estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of thegoods; the Company retains neither continuing managerial involvement to the degree usually associatedwith ownership nor effective control over the goods sold; the amount of revenue can be measured reliably;it is probable that the economic benefits associated with the transaction will flow to the Company;and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title ispassed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciationTangible fixed assets held for the company's own use are stated at cost less accumulated depreciationand accumulated impairment losses.

    Intangible fixed assets amortisation policy

    Intangible fixed assetsIntangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

SOOTHING STITCHES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    13 months to 31 October 2023
    Average number of employees during the period 1

SOOTHING STITCHES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

13 months to 31 October 2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 1,704
Accruals and deferred income 0
Total 1,704

COMMUNITY INTEREST ANNUAL REPORT

SOOTHING STITCHES CIC

Company Number: 14410929 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

We were successful with several grants which allowed the first year of Soothing Stitches CIC to have an impact within the local community. Grants enabled us to work with an over 50’s group offering craft sessions to help combat loneliness and isolation, to initiate a new group for deaf and hard of hearing people to learn new skills and develop confidence. Two smaller grants were successful in order for the Company to work with SEN children to explore how art can help to improve wellbeing and confidence and to work with nursery children and their families to explore the benefits of outdoor play.We have been invited to bid for a project inspired by David Attenborough: Wild Isles and several other grants through NNS are waiting for approval to continue our projects in 2023/24.

Consultation with stakeholders

Each project acts as a consultation for the next as we actively encourage participants to feedback with suggestions to further our projects. Future applications will always represent the voice of those involved in current project.

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
9 November 2023

And signed on behalf of the board by:
Name: Sally Harper
Status: Director