NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Company limited by guarantee

Company Registration Number:
13283184 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2023

Period of accounts

Start date: 1 April 2022

End date: 30 August 2023

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Contents of the Financial Statements

for the Period Ended 30 August 2023

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

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Directors' report period ended 30 August 2023

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

Directors

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

A M Davidson
J K Taylor
B G Metcalf


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
30 August 2024

And signed on behalf of the board by:
Name: A M Davidson
Status: Director

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Profit And Loss Account

for the Period Ended 30 August 2023

17 months to 30 August 2023 2022


£

£
Turnover: 116,831 62,574
Gross profit(or loss): 116,831 62,574
Administrative expenses: ( 169,191 ) ( 45,401 )
Other operating income: 57,638
Operating profit(or loss): 5,278 17,173
Profit(or loss) before tax: 5,278 17,173
Tax: ( 252 ) ( 2,845 )
Profit(or loss) for the financial year: 5,026 14,328

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Balance sheet

As at 30 August 2023

Notes 17 months to 30 August 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,466 1,684
Total fixed assets: 4,466 1,684
Current assets
Debtors: 4 3,641 3,031
Cash at bank and in hand: 25,203 28,044
Total current assets: 28,844 31,075
Creditors: amounts falling due within one year: 5 ( 13,956 ) ( 18,431 )
Net current assets (liabilities): 14,888 12,644
Total assets less current liabilities: 19,354 14,328
Total net assets (liabilities): 19,354 14,328
Members' funds
Profit and loss account: 19,354 14,328
Total members' funds: 19,354 14,328

The notes form part of these financial statements

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Balance sheet statements

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

Name: A M Davidson
Status: Director

The notes form part of these financial statements

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 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

    Revenue recognition Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from education services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to insert detail. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment -20% straight line

    Other accounting policies

    Basis of preparation The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 August 2023. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Going concern The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements. Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Provisions Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. Debtors and creditors receivable/payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Government grants Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 2023

  • 2. Employees

    17 months to 30 August 2023 2022
    Average number of employees during the period 8 4

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,713 1,713
Additions 3,899 3,899
Disposals
Revaluations
Transfers
At 30 August 2023 5,612 5,612
Depreciation
At 1 April 2022 29 29
Charge for year 1,117 1,117
On disposals
Other adjustments
At 30 August 2023 1,146 1,146
Net book value
At 30 August 2023 4,466 4,466
At 31 March 2022 1,684 1,684

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 2023

4. Debtors

17 months to 30 August 2023 2022
£ £
Trade debtors 3,641 2,000
Other debtors 1,031
Total 3,641 3,031

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 2023

5. Creditors: amounts falling due within one year note

17 months to 30 August 2023 2022
£ £
Taxation and social security 3,710 829
Accruals and deferred income 10,246 17,602
Total 13,956 18,431

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 August 2023

6. Loans to directors

At 31st August 2023 the company owed the directors £1,044 (2022: the directors owed the company £1,031). No interest has been charged in relation to this balance.

COMMUNITY INTEREST ANNUAL REPORT

NATUREQUEST ACADEMY SOCIAL ENTERPRISE CIC

Company Number: 13283184 (England and Wales)

Year Ending: 30 August 2023

Company activities and impact

Educational and wellbeing services and events for children

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £59254. 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
30 August 2024

And signed on behalf of the board by:
Name: A Davidson
Status: Director