RESET WSM COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13859331 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

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Contents of the Financial Statements

for the Period Ended 31 January 2024

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

RESET WSM COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Candice Davies
Kaylee Rose
Amy Moore


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
12 September 2024

And signed on behalf of the board by:
Name: Candice Davies
Status: Director

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Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 283,419 38,552
Cost of sales: ( 36,405 ) ( 5,043 )
Gross profit(or loss): 247,014 33,509
Distribution costs: ( 64,874 ) ( 14,647 )
Administrative expenses: ( 167,593 ) ( 27,718 )
Other operating income: 5,126 571
Operating profit(or loss): 19,673 (8,285)
Profit(or loss) before tax: 19,673 (8,285)
Tax: ( 1,662 )
Profit(or loss) for the financial year: 18,011 (8,285)

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Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,100 280
Total fixed assets: 3,100 280
Current assets
Debtors: 4 3,272 559
Cash at bank and in hand: 34,117 13,028
Total current assets: 37,389 13,587
Creditors: amounts falling due within one year: 5 ( 30,763 ) ( 22,152 )
Net current assets (liabilities): 6,626 (8,565)
Total assets less current liabilities: 9,726 ( 8,285)
Total net assets (liabilities): 9,726 (8,285)
Members' funds
Profit and loss account: 9,726 ( 8,285)
Total members' funds: 9,726 (8,285)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 January 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 12 September 2024
and signed on behalf of the board by:

Name: Candice Davies
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 January 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

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer Equipment - 25% Straight Line

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Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 9

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Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 420 420
Additions 3,900 3,900
Disposals
Revaluations
Transfers
At 31 January 2024 4,320 4,320
Depreciation
At 1 February 2023 140 140
Charge for year 1,080 1,080
On disposals
Other adjustments
At 31 January 2024 1,220 1,220
Net book value
At 31 January 2024 3,100 3,100
At 31 January 2023 280 280

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Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,272 0
Other debtors 559
Total 3,272 559

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Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 2,573 3,260
Accruals and deferred income 18,500 11,424
Other creditors 9,690 7,468
Total 30,763 22,152

COMMUNITY INTEREST ANNUAL REPORT

RESET WSM COMMUNITY INTEREST COMPANY

Company Number: 13859331 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company has operated as an alternative learning provision for children and young people who are not currently attending full time education. We also run a mentoring project for those with significant mental health needs and those not able to access school for a variety of reasons. We run targeted support groups which include self-esteem and building confidence in young people.

Consultation with stakeholders

We regularly consult with the children and their families and we have open sessions so they can openly discuss what they want. We regularly as both children and parents to complete feedback forms to let us know what their needs are and what they want from us.

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
12 September 2024

And signed on behalf of the board by:
Name: Candice Davies
Status: Director