WOOD COULD SHOULD CIC

Company Registration Number:
14489326 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 16 November 2022

End date: 30 November 2023

WOOD COULD SHOULD CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

WOOD COULD SHOULD CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

Principal activity of the company during the financial period was of creating a woodland.



Directors

The directors shown below have held office during the whole of the period from
16 November 2022 to 30 November 2023

Kiran Curtis
Adam Marcus Garfunkel
Lawrence David Simanowitz


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
8 August 2024

And signed on behalf of the board by:
Name: Kiran Curtis
Status: Director

WOOD COULD SHOULD CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023


£
Turnover: 1,300
Gross profit(or loss): 1,300
Administrative expenses: ( 7,496 )
Operating profit(or loss): (6,196)
Profit(or loss) before tax: (6,196)
Profit(or loss) for the financial year: (6,196)

WOOD COULD SHOULD CIC

Balance sheet

As at 30 November 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 112,500
Total fixed assets: 112,500
Current assets
Cash at bank and in hand: 3,152
Total current assets: 3,152
Creditors: amounts falling due within one year: 4 ( 1,848 )
Net current assets (liabilities): 1,304
Total assets less current liabilities: 113,804
Total net assets (liabilities): 113,804
Capital and reserves
Called up share capital: 120,000
Profit and loss account: (6,196 )
Total Shareholders' funds: 113,804

The notes form part of these financial statements

WOOD COULD SHOULD CIC

Balance sheet statements

For the year ending 30 November 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 8 August 2024
and signed on behalf of the board by:

Name: Kiran Curtis
Status: Director

The notes form part of these financial statements

WOOD COULD SHOULD CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

WOOD COULD SHOULD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

WOOD COULD SHOULD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 112,500 112,500
Disposals
Revaluations
Transfers
At 30 November 2023 112,500 112,500
Depreciation
Charge for year
On disposals
Other adjustments
At 30 November 2023
Net book value
At 30 November 2023 112,500 112,500

WOOD COULD SHOULD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023
£
Accruals and deferred income 250
Other creditors 1,598
Total 1,848

COMMUNITY INTEREST ANNUAL REPORT

WOOD COULD SHOULD CIC

Company Number: 14489326 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

In the year to 30th November 2023 WCS implemented the first stages of plans to plant new woodland and thereafter to preserve and manage it sustainably. A 4.47 hectare field of low grade pasture land in Somerset that is suitable for woodland creation was found and purchased.The research and design phase of the woodland was completed resulting in proposal that will promote habitat creation and biodiversity.Ahead of the main tree planting phases 95 self-seeded oak trees were found within the field and protected with tree guards. This represents a small positive start to our aim of sequestering carbon and promoting biodiversity and therefore helping to mitigate climate change to the benefit of communities in the UK and globally.Planning and procurement for phase one of the tree planting scheduled for February 2024 was completed. This involved procuring supplies and services from local businesses as part of our aim to support the local community including a new access drive and 2025 trees.A programme of communications to engage volunteer tree planters from the local and wider community was developed and begun. This represents a start to our plans to encourage participation in woodland creation and ongoing maintenance and provide educational opportunities and biophilic experiences that can contribute to peoples' health and wellbeing.

Consultation with stakeholders

Company stakeholders include:1. Neighbours - identified and held meetings to discuss our plans and listen to any concerns and feedback with all immediate neighbours as well as local farmers. In response to feedback modified planting proposals to help preserve neighbours views.2. Parish local community- contacted Parish Council Chair to discuss plans. Advertised proposals in Parish newsletter.3. Somerset Wildlife Trust - consulted and invited Botany Group to carry out survey. 4. Forestry Wildlife Trust. Consulted with over tree planting plans. In response chose 90% native broadleaf trees and shrubs for the planting proposals.5. Wider community. Communicated plans and shared knowledge and experience via website and social media posts, as well as many in-person meetings.

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
8 August 2024

And signed on behalf of the board by:
Name: Kiran Curtis
Status: Director