WILD SEA WOMEN CIC

Company limited by guarantee

Company Registration Number:
13515920 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

WILD SEA WOMEN CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WILD SEA WOMEN CIC

Balance sheet

As at 31 July 2023

Notes 2023 13 months to 31 July 2022


£

£
Fixed assets
Tangible assets: 3 0 750
Total fixed assets: 0 750
Current assets
Cash at bank and in hand: 0 5,429
Total current assets: 0 5,429
Creditors: amounts falling due within one year: 4 ( 2,255 ) ( 5,478 )
Net current assets (liabilities): (2,255) (49)
Total assets less current liabilities: (2,255) 701
Provision for liabilities: ( 142 ) ( 142 )
Total net assets (liabilities): (2,397) 559
Members' funds
Profit and loss account: (2,397) 559
Total members' funds: ( 2,397) 559

The notes form part of these financial statements

WILD SEA WOMEN CIC

Balance sheet statements

For the year ending 31 July 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 30 July 2024
and signed on behalf of the board by:

Name: H Dorian
Status: Director

The notes form part of these financial statements

WILD SEA WOMEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assetsTangible 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 - Equipment 20% reducing balance

    Other accounting policies

    DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

WILD SEA WOMEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 13 months to 31 July 2022
    Average number of employees during the period 2 4

WILD SEA WOMEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 937 937
Additions
Disposals ( 937 ) ( 937 )
Revaluations
Transfers
At 31 July 2023 0 0
Depreciation
At 1 August 2022 187 187
Charge for year
On disposals ( 187 ) ( 187 )
Other adjustments
At 31 July 2023 0 0
Net book value
At 31 July 2023 0 0
At 31 July 2022 750 750

WILD SEA WOMEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 31 July 2022
£ £
Trade creditors 100 250
Other creditors 2,155 5,228
Total 2,255 5,478

COMMUNITY INTEREST ANNUAL REPORT

WILD SEA WOMEN CIC

Company Number: 13515920 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Wild Sea Women have provided both free and paid for weekly beach sessions to women of all ages. These have included guided breathwork, yoga, movement followed by an optional dip in the sea to experience cold water therapy. Women report that these sessions have enabled them to meet with other like minded women and also state how it helps support both their physical and mental health.

Consultation with stakeholders

No consultation with stakeholders

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
29 July 2024

And signed on behalf of the board by:
Name: H Dorian
Status: Director