NEWBIAS SOLUTIONS CIC

Company limited by guarantee

Company Registration Number:
14137465 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

NEWBIAS SOLUTIONS CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NEWBIAS SOLUTIONS CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 17,239 16,932
Total fixed assets: 17,239 16,932
Current assets
Debtors: 4 4,450
Cash at bank and in hand: 9 1
Total current assets: 4,459 1
Creditors: amounts falling due within one year: 5 ( 11,096 ) ( 3,464 )
Net current assets (liabilities): (6,637) (3,463)
Total assets less current liabilities: 10,602 13,469
Creditors: amounts falling due after more than one year: 6 ( 16,500 ) ( 16,500 )
Total net assets (liabilities): (5,898) (3,031)
Members' funds
Profit and loss account: (5,898) ( 3,031)
Total members' funds: ( 5,898) (3,031)

The notes form part of these financial statements

NEWBIAS SOLUTIONS CIC

Balance sheet statements

For the year ending 31 May 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.

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 22 October 2024
and signed on behalf of the board by:

Name: Adam Russell
Status: Director

The notes form part of these financial statements

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company plus grants and donations received, net of Value Added Tax (where VAT registered) and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 25% Reducing Balance Computer Equipment 25% Reducing Balance

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 16,500 390 160 17,050
Additions 474 474
Disposals
Revaluations
Transfers
At 31 May 2024 16,500 390 634 17,524
Depreciation
At 1 June 2023 98 20 118
Charge for year 73 94 167
On disposals
Other adjustments
At 31 May 2024 171 114 285
Net book value
At 31 May 2024 16,500 219 520 17,239
At 31 May 2023 16,500 292 140 16,932

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 4,450
Total 4,450

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 250
Other creditors 10,846 3,464
Total 11,096 3,464

NEWBIAS SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Other creditors 16,500 16,500
Total 16,500 16,500

COMMUNITY INTEREST ANNUAL REPORT

NEWBIAS SOLUTIONS CIC

Company Number: 14137465 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Nature Reserve Development, Woodland Management and Re-Wilding Conservation Activities on a forest / meadow plot in North Cornwall, (purchase of which made by patrons as an interest-free loan to the CIC until such time as income allows for repayment) -Expansion of the nature reserve site by a further 30% to include a new section of flower-rich meadow scrubland, to a plot site of 0.5 acres. - The planting of 150 new trees - Continued cataloguing of flora and fauna, old and new. - Further R&D into landscaping, irrigation and drainage for maximum biodiversity – R&D into grant-funding eligibility and local sponsorship opportunities for both core and project-specific costs – Road-testing our bid-writing model, resulting in a successful application for a £1K grant from the Co-Operative Bank's Customer Donations Fund. - R&D into project logistics + security planning - Liaising with local animal welfare and conservation orgs re future partnership opportunities -R&D into bespoke musical composition and recordings for general commercial use including sync-licensing and nature-documentary soundtrack purposes - R&D into comedy character animations for general commercial use. -Wildlife Macro-Photography and Video Production Activities for use in impact-reporting and potential outputs, including awareness-raising documentaries promoting conservation of Cornish Biodiversity and health-benefits of access to Nature to vulnerable adults and children, and for general commercial use

Consultation with stakeholders

The only stakeholders at present are the directors A Russell and D Wiseman. At our AGM we only refined our fundraising strategy and plans for creative outputs - no specific actions were deemed necessary.

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
22 October 2024

And signed on behalf of the board by:
Name: Adam Russell
Status: Director