for the Period Ended 31 December 2023
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
23 December 2022
to
31 December 2023
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2023 | ||
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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 December 2023
2023 | ||
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Average number of employees during the period |
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for the Period Ended 31 December 2023
2023 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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The Snuggery CIC was set up to provide support to the Mentally disabled people of Walsall. By giving people a sense of safety, we have been able to connect with a range of people with diverse needs and wants, proving a good reputation for the first year of the CIC’s Business. We provide Food and drink to the company’s beneficiaries and volunteers, whom of which appreciate the hospitality, and it allows us to provide a more personal service. We have established a connection with social services and other enterprise to find the help that our beneficiaries often require for them to be safe in society. Furthermore, We have mentally disabled people that volunteer for us, which we feel is effective when liaising with the beneficiaries of the snuggery. We have computer facilities which are used for access to the internet, which allows us to set up bank accounts or fill in forms which often our beneficiaries are unable to do. From a monetary standpoint, Our volunteers have experienced benefits from us such as outsourced house renovations and furniture available in the shop, we also distribute assets to our beneficiaries when we are able. We are proud of the impact the snuggery is having on the community already, and we look forward to many more years of providing excellent service to the disabled people of Walsall.
The main Stakeholders of the company are its Beneficiaries, Volunteers and Directors. Regular Meetings are taken place, and training is given to the volunteers of ‘The Snuggery’ to maintain proper competence due to the nature of the people ‘The Snuggery’ Benefits. Efficient communication is withheld using phone calls and emails, and we ensure that all stakeholders are treated with respect, and we go above and beyond in the communication we provide. As it is the first year of our operation, our stakeholders list is small as we are growing to be recognised by public and private sector companies that provide benefits to the public, such as social services.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
23 September 2024
And signed on behalf of the board by:
Name: Victoria Loxodonta
Status: Director