PLAY WOODEN CIC

Company limited by guarantee

Company Registration Number:
11053353 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

PLAY WOODEN 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

PLAY WOODEN 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 year was that of cultural and artistic education, including manufacturing of other games and toys.



Directors

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

Mr Olwatosin Shittu
Manrouf Chanfi
Anna Crennell
Sibusiso TSHABALALA


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
9 August 2024

And signed on behalf of the board by:
Name: Mr Olwatosin Shittu
Status: Director

PLAY WOODEN CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 11,744 16,811
Cost of sales: ( 10,713 ) ( 3,240 )
Gross profit(or loss): 1,031 13,571
Distribution costs: ( 317 ) ( 584 )
Administrative expenses: ( 12,504 ) ( 42,374 )
Other operating income: 3,900 31,128
Operating profit(or loss): (7,890) 1,741
Interest payable and similar charges: ( 74 ) ( 114 )
Profit(or loss) before tax: (7,964) 1,627
Tax: ( 230 )
Profit(or loss) for the financial year: (7,964) 1,397

PLAY WOODEN CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,430 4,450
Total fixed assets: 3,430 4,450
Current assets
Stocks: 4 3,919
Cash at bank and in hand: 3 128
Total current assets: 3 4,047
Creditors: amounts falling due within one year: 5 ( 17,926 ) ( 14,649 )
Net current assets (liabilities): (17,923) (10,602)
Total assets less current liabilities: (14,493) ( 6,152)
Creditors: amounts falling due after more than one year: 6 ( 1,968 ) ( 2,345 )
Total net assets (liabilities): (16,461) (8,497)
Members' funds
Profit and loss account: (16,461) ( 8,497)
Total members' funds: ( 16,461) (8,497)

The notes form part of these financial statements

PLAY WOODEN 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 9 August 2024
and signed on behalf of the board by:

Name: Mr Olwatosin Shittu
Status: Director

The notes form part of these financial statements

PLAY WOODEN 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, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Plant and Machinery 25% reducing BalanceComputer Equipment 25% reducing Balance

    Other accounting policies

    Going concern basisThe directors are looking to re strategies to improve sales and profitability in order to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.Government grantsGovernment grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

PLAY WOODEN 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 £ £ £ £ £ £
At 1 December 2022 4,730 2,287 7,017
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 4,730 2,287 7,017
Depreciation
At 1 December 2022 1,788 779 2,567
Charge for year 736 284 1,020
On disposals
Other adjustments
At 30 November 2023 2,524 1,063 3,587
Net book value
At 30 November 2023 2,206 1,224 3,430
At 30 November 2022 2,942 1,508 4,450

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 3,919
Total   3,919

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 150
Taxation and social security 4,408 1,589
Other creditors 13,368 13,060
Total 17,926 14,649

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 1,968 2,345
Total 1,968 2,345

COMMUNITY INTEREST ANNUAL REPORT

PLAY WOODEN CIC

Company Number: 11053353 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Children and Young people, youth and adult, community groups, schools, city councils, privateorganisations and individuals.The company offers an alternative selection of creative wooden games and puzzles alternative to modern electronic,plastic,mass produced games and puzzles and provide services with the selectionof creative wooden games.The company has five levels of activities A wide range of innovative wooden games and puzzles that can be hired tovenues,community groups,school clubs,festivals. As well as building play equipment forplaygrounds.Provide and facilitate corporate team activities, including employee wellbeing and teamawayday with us of wooden games, play theory and principle, and non-violent communicationphilosophy, lateral thinking and emotional intelligent theory and practice.Activities and workshops based around playing and making the wooden games and puzzles,as well as using the creative wooden games to provide alternative provision services.Run small events and facilitate ecological and climate change conversation with use ofcreative wooden games and puzzlesThe third level seeks to create income from selling individual wooden games and puzzles,Making and repair bespoke and custom wooden furniture.The games and puzzles are designed to stimulate the brains of children and adults alike, toencourage intergenerational play between children and adults, to encourage community cohesion andsocial inclusion by providing a platform for children and adults to communicate through the games and workshops and to stimulate curiosity, exploration, experimentation and entrepreneurship in youthand adult.The games are all made from wood to encourage awareness an appreciation of environmental valuesand handcraft techniques. The ethos of the company is to encourage Make-Use-Value, to teachourselves to use with purpose and respect the resources we have, to protect the future and be lessdestructive and materialistic.provide benefitsThe workshops encourage creative learning, intergenerational play andcommunity cohesion and direct contact with game makers and designers.Children, young people and youth learn to nurture and connect theirimagination to the concrete world. and acquire social and technical skills.Promoting environmental awareness, sustainability, new learning skills and tool use and entrepreneurship in youth and adult. Encourage positive, openand critical minded conversation for change.Community groups and schools can buy the wooden games at affordableprice, hire the games and explore more natural and healthy gaming mindsets.Profits will pay wages for designers and makers as well as to supplementproject development. The company has a very different ethos to massproducedtoy manufacturers where the emphasis is to constantly stimulateand to some extent exploit children’s and adult’s imagination without anyenvironmental awareness.If the company makes any surplus, it will be used for. Developing communityprojects, in the UK and abroad possibly in Africa

Consultation with stakeholders

The company’s stakeholders are families that use our service on regular basis and customerthat hire our service on regular basis, as we as partner play provisions. Our founder and maininvestor of the company live and engage every day with stakeholders and the directors of thecompany are UK residence that share and embrace play wooden mission and ethos andsupport the vision of the company with suggestions and new ideas.All our activities and projects are result of the company’s audience feedback and preference.Our last three engagement with audience and analyses in Bristol have informed us that weneed to create more play opportunities and project that support aspiration, cohesion, youthand empowerment in communities around Bristol. Our stakeholders want us to providesupport in revitalise abandoned green space in the communities.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 August 2024

And signed on behalf of the board by:
Name: Mr Olwatosin Shittu
Status: Director