BABES IN THE WOOD STIRLING CIC

Company limited by guarantee

Company Registration Number:
SC589818 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

BABES IN THE WOOD STIRLING CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

BABES IN THE WOOD STIRLING CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 222,119 207,457
Cost of sales: ( 11,925 ) ( 4,793 )
Gross profit(or loss): 210,194 202,664
Distribution costs: 0 0
Administrative expenses: ( 216,859 ) ( 199,045 )
Other operating income: 0 0
Operating profit(or loss): (6,665) 3,619
Profit(or loss) before tax: (6,665) 3,619
Tax: ( 915 )
Profit(or loss) for the financial year: (6,665) 2,704

BABES IN THE WOOD STIRLING CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 9,561 11,668
Total fixed assets: 9,561 11,668
Current assets
Cash at bank and in hand: 41,430 43,264
Total current assets: 41,430 43,264
Prepayments and accrued income: 5,682 5,166
Creditors: amounts falling due within one year: 4 ( 7,054 ) ( 3,815 )
Net current assets (liabilities): 40,058 44,615
Total assets less current liabilities: 49,619 56,283
Total net assets (liabilities): 49,619 56,283
Members' funds
Profit and loss account: 49,619 56,283
Total members' funds: 49,619 56,283

The notes form part of these financial statements

BABES IN THE WOOD STIRLING CIC

Balance sheet statements

For the year ending 28 February 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 28 November 2024
and signed on behalf of the board by:

Name: Heather Royan
Status: Director

The notes form part of these financial statements

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

    Computer Equipment - 5 Years Straight Line. Leasehold Improvements - Reducing Balances 5 years. Office Equipment - Straight Line 5 years. Plant and Machinery - Reducing Balance 25%

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 6,995 10,223 5,706 22,924
Additions 984 984
Disposals
Revaluations
Transfers
At 28 February 2024 7,979 10,223 5,706 23,908
Depreciation
At 1 March 2023 2,803 4,456 3,997 11,256
Charge for year 1,235 1,153 703 3,091
On disposals
Other adjustments
At 28 February 2024 4,038 5,609 4,700 14,347
Net book value
At 28 February 2024 3,941 4,614 1,006 9,561
At 28 February 2023 4,192 5,767 1,709 11,668

BABES IN THE WOOD STIRLING CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,681 1,393
Taxation and social security 2,023 2,392
Accruals and deferred income 2,320
Other creditors 30 30
Total 7,054 3,815

COMMUNITY INTEREST ANNUAL REPORT

BABES IN THE WOOD STIRLING CIC

Company Number: SC589818 (Scotland)

Year Ending: 28 February 2024

Company activities and impact

Babes in the Wood Stirling CIC supplies packs of toys, clothes and baby equipment to families facing hardship via partnerships with NHS Health Visitors, Social Workers and other family support agencies. Each Christmas, we facilitate a community Christmas toy appeal to provide toys for families who would otherwise struggle. We encourage community recycling by accepting donations of children's items and operate a community shop where the public benefit from good quality items at low prices. A small percentage of our donations are sold via online platforms to maximise their impact. Babes in the Wood Stirling CIC also offers volunteering opportunities including placements for the Duke of Edinburgh awards scheme and work experience for DWP employability programmes.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors Remuneration £39,393.12

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 November 2024

And signed on behalf of the board by:
Name: Heather Royan
Status: Director