FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Company limited by guarantee

Company Registration Number:
11275799 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

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

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 4,311 2,615
Cost of sales: ( 4,200 ) ( 3,282 )
Gross profit(or loss): 111 (667)
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 111 (667)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 111 (667)
Tax: ( 165 ) ( 263 )
Profit(or loss) for the financial year: (54) (930)

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,122 909
Investments:   0 0
Total fixed assets: 1,122 909
Current assets
Stocks:   0 0
Debtors: 4 375 0
Cash at bank and in hand: 23,975 17,596
Investments:   0 0
Total current assets: 24,350 17,596
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 24,350 17,596
Total assets less current liabilities: 25,472 18,505
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 165 ) ( 337 )
Accruals and deferred income: ( 21,255 ) ( 14,063 )
Total net assets (liabilities): 4,052 4,105
Members' funds
Profit and loss account: 4,052 4,105
Total members' funds: 4,052 4,105

The notes form part of these financial statements

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

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 1 August 2024
and signed on behalf of the board by:

Name: Jane Trout
Status: Director

The notes form part of these financial statements

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

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

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

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 0 5,654 0 0 0 5,654
Additions 0 1,122 0 0 0 1,122
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2024 0 6,776 0 0 0 6,776
Depreciation
At 1 April 2023 0 4,745 0 0 0 4,745
Charge for year 0 909 0 0 0 909
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 March 2024 0 5,654 0 0 0 5,654
Net book value
At 31 March 2024 0 1,122 0 0 0 1,122
At 31 March 2023 0 909 0 0 0 909

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 375 0
Total 375 0
Debtors due after more than one year: 0 0

COMMUNITY INTEREST ANNUAL REPORT

FOREST OF DEAN & WYE VALLEY MEN'S SHED C.I.C.

Company Number: 11275799 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Forest Community Shed is a volunteer community group, for everyone, providing a social environment for well being through shared creativity. Open 2 days a week, Wednesdays and Thursdays, 10am to 3pm. Members can socialise, learn new skills, and hone existing ones. They can work along side each other on their own projects, community projects and projects that support Orchard Trust and that raise funds for the Shed. We have a wood and metal workshop, space for hobbies and crafts, green woodworking, social spaces, tea and coffee, and always a friendly welcome. We are registered as a community interest company (CIC), a social enterprise that wants to use their profits and assets for the public good, with primarily with social objectives where surpluses are principally reinvested for that purpose in the enterprise or in the community. The Shed undertakes repairs and sharpening for local people, and projects in the community. The Shed is run by the members who decide when they come and what they do and they contribute voluntarily to the groups future. We welcome man and women of all ages.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Jane Trout
Status: Director