BABES IN THE WOOD BISHOPBRIGGS CIC

Company limited by guarantee

Company Registration Number:
SC502187 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

BABES IN THE WOOD BISHOPBRIGGS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

BABES IN THE WOOD BISHOPBRIGGS CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 183,099 178,527
Cost of sales: ( 1,503 ) ( 3,172 )
Gross profit(or loss): 181,596 175,355
Distribution costs: ( 2,868 ) ( 3,178 )
Administrative expenses: ( 174,741 ) ( 148,164 )
Other operating income: 0 0
Operating profit(or loss): 3,987 24,013
Interest payable and similar charges: ( 1,637 ) ( 2,151 )
Profit(or loss) before tax: 2,350 21,862
Tax: ( 1,081 ) ( 4,103 )
Profit(or loss) for the financial year: 1,269 17,759

BABES IN THE WOOD BISHOPBRIGGS CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 20,016 23,353
Total fixed assets: 20,016 23,353
Current assets
Debtors: 4 3,816 2,167
Cash at bank and in hand: 49,242 46,308
Total current assets: 53,058 48,475
Net current assets (liabilities): 53,058 48,475
Total assets less current liabilities: 73,074 71,828
Creditors: amounts falling due after more than one year: 5 ( 6,866 ) ( 6,890 )
Total net assets (liabilities): 66,208 64,938
Members' funds
Profit and loss account: 66,208 64,938
Total members' funds: 66,208 64,938

The notes form part of these financial statements

BABES IN THE WOOD BISHOPBRIGGS CIC

Balance sheet statements

For the year ending 31 March 2024 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 5 June 2024
and signed on behalf of the board by:

Name: Heather Royan
Status: Director

The notes form part of these financial statements

BABES IN THE WOOD BISHOPBRIGGS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset

BABES IN THE WOOD BISHOPBRIGGS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 9

BABES IN THE WOOD BISHOPBRIGGS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,620 5,866 10,082 15,049 32,617
Additions 1,243 1,655 200 3,098
Disposals
Revaluations
Transfers
At 31 March 2024 2,863 7,521 10,282 15,049 35,715
Depreciation
At 1 April 2023 841 0 3,909 4,514 9,264
Charge for year 455 1,867 1,591 3,011 6,924
On disposals ( 489 ) ( 489 )
Other adjustments
At 31 March 2024 807 1,867 5,500 7,525 15,699
Net book value
At 31 March 2024 2,056 5,654 4,782 7,524 20,016
At 31 March 2023 779 5,866 6,173 10,535 23,353

BABES IN THE WOOD BISHOPBRIGGS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,677 2,167
Prepayments and accrued income 2,139
Total 3,816 2,167

BABES IN THE WOOD BISHOPBRIGGS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Other creditors 6,866 6,890
Total 6,866 6,890

COMMUNITY INTEREST ANNUAL REPORT

BABES IN THE WOOD BISHOPBRIGGS CIC

Company Number: SC502187 (Scotland)

Year Ending: 31 March 2024

Company activities and impact

Babes in the Wood Bishopbriggs CIC supplies packs of toys, clothes and baby equipment to families facing hardship via partnerships with NHS health Visitors, Social Workers and other family support agencies. Each Christmas we facilitate a community Christmas toy appeal to provide toys for families who would otherwise struggle. We encourage community recycling by accepting donations of children's items & operate a community shop where the public benefit from good quality items at low prices. A small percentage of our donations are sold via online platforms to maximise their impact.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£48,077.38

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 June 2024

And signed on behalf of the board by:
Name: Heather Royan
Status: Director