NORWICH KITTY NETWORKING CIC

Company limited by guarantee

Company Registration Number:
14997400 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 12 July 2023

End date: 31 July 2024

NORWICH KITTY NETWORKING CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

NORWICH KITTY NETWORKING CIC

Directors' report period ended 31 July 2024

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

Directors

The directors shown below have held office during the whole of the period from
12 July 2023 to 31 July 2024

Dr Peter Ellington
Kevin William Taylor
Peter Barry Francis


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
18 November 2024

And signed on behalf of the board by:
Name: Kevin William Taylor
Status: Director

NORWICH KITTY NETWORKING CIC

Profit And Loss Account

for the Period Ended 31 July 2024

13 months to 31 July 2024


£
Turnover: 2,503
Cost of sales: 0
Gross profit(or loss): 2,503
Distribution costs: 0
Administrative expenses: ( 1,298 )
Operating profit(or loss): 1,205
Interest receivable and similar income: 100
Profit(or loss) before tax: 1,305
Tax: ( 248 )
Profit(or loss) for the financial year: 1,057

NORWICH KITTY NETWORKING CIC

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 2,956
Investments:   0
Total current assets: 2,956
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 1,899 )
Net current assets (liabilities): 1,057
Total assets less current liabilities: 1,057
Total net assets (liabilities): 1,057
Members' funds
Profit and loss account: 1,057
Total members' funds: 1,057

The notes form part of these financial statements

NORWICH KITTY NETWORKING CIC

Balance sheet statements

For the year ending 31 July 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 18 November 2024
and signed on behalf of the board by:

Name: Kevin William Taylor
Status: Director

The notes form part of these financial statements

NORWICH KITTY NETWORKING CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

NORWICH KITTY NETWORKING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    13 months to 31 July 2024
    Average number of employees during the period 0

NORWICH KITTY NETWORKING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Taxation and social security 248
Other creditors 1,651
Total 1,899

COMMUNITY INTEREST ANNUAL REPORT

NORWICH KITTY NETWORKING CIC

Company Number: 14997400 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Norwich Kitty Networking CIC provides an inclusive networking platform designed to support the local business community in Norwich, UK. Unlike traditional networking groups, Norwich Kitty Networking CIC offers a relaxed, low-pressure environment where local businesses can connect, exchange ideas, and foster collaborations. Monthly gatherings at premier venues in Norwich allow members to introduce their businesses through concise "30 Words" presentations, inspired by Twitter's original 140-character format, which promotes focused and effective networking. In the year ending July 2024, Norwich Kitty Networking CIC has connected over 30 businesses at each event, facilitated social gatherings beyond the monthly meetings, and offered a platform for local businesses to share offers, seek advice, and build lasting relationships. This has positively impacted Norwich's business community by creating a supportive environment for both start-ups and established businesses, encouraging genuine connections over transactional networking. The organisation remains committed to nurturing sustainable local business growth and collaboration.

Consultation with stakeholders

Norwich Kitty Networking CIC’s stakeholders include its members, prospective members, and the Norwich business community at large. Stakeholder feedback is collected regularly through the following channels: Feedback during networking events Responses within the member WhatsApp group Post-event surveys This feedback is reviewed and incorporated into planning future events, ensuring the events meet member expectations and retain a welcoming atmosphere. Based on feedback, Norwich Kitty Networking has adapted its event format to allow more time for networking, diversified venue selections, and introduced additional social gatherings to foster stronger connections among members.

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
9 November 2024

And signed on behalf of the board by:
Name: Dr Peter Ellington
Status: Director