LARKSFOOT CIC

Company limited by guarantee

Company Registration Number:
12567975 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

LARKSFOOT CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

LARKSFOOT CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Mrs Karin Kingshott
Miss Sylvia Pearson
Miss Caroline Mayor


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
24 January 2025

And signed on behalf of the board by:
Name: Miss Caroline Mayor
Status: Director

LARKSFOOT CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 96,479 102,030
Cost of sales: ( 6,108 ) ( 8,938 )
Gross profit(or loss): 90,371 93,092
Administrative expenses: ( 97,699 ) ( 83,661 )
Operating profit(or loss): (7,328) 9,431
Profit(or loss) before tax: (7,328) 9,431
Tax: 1,392 ( 1,792 )
Profit(or loss) for the financial year: (5,936) 7,639

LARKSFOOT CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 5,743 3,292
Cash at bank and in hand: 19,335 20,199
Total current assets: 25,078 23,491
Creditors: amounts falling due within one year: 4 ( 22,338 ) ( 14,815 )
Net current assets (liabilities): 2,740 8,676
Total assets less current liabilities: 2,740 8,676
Total net assets (liabilities): 2,740 8,676
Members' funds
Profit and loss account: 2,740 8,676
Total members' funds: 2,740 8,676

The notes form part of these financial statements

LARKSFOOT CIC

Balance sheet statements

For the year ending 30 April 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 24 January 2025
and signed on behalf of the board by:

Name: Miss Caroline Mayor
Status: Director

The notes form part of these financial statements

LARKSFOOT CIC

Notes to the Financial Statements

for the Period Ended 30 April 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.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

LARKSFOOT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 8

LARKSFOOT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 4,351 1,338
Prepayments and accrued income 1,954
Other debtors 1,392
Total 5,743 3,292

LARKSFOOT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 573 2,276
Accruals and deferred income 19,972 11,391
Other creditors 1,793 1,148
Total 22,338 14,815

COMMUNITY INTEREST ANNUAL REPORT

LARKSFOOT CIC

Company Number: 12567975 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

We currently run a Forest School Preschool and also other Forest School related school programmes for different schools around the area and further afield. We have started working with National Landscapes (formally AONB) to run workshops for schools, around the importance of Moths. We also work with Lancaster and Morecambe College to help students with their practical work. In the summer holidays we ran a Forest School Holiday Club of which spaces were paid for by the Areti Charitable Trust. This gave free spaces for children who are in receipt of Free School Meals at school the opportunity to come to Forest School. A lot of these children had never accessed anything like this before and its was so good for their mental and physical health. All participants in all of our programes benefit from wellbeing and mental health including confidence and resiliance. Plus our school trips we provide through Leighton Hall help the wider community of school children gain the knowledge of the world around them. How to take care and look after nature and this has great impact on their own wellbeing - mentally and physically. This year we started a new programme about Apple Orchids and their importance and directed this towards local schools who have higher rate pupil premiums - this worked well and we had a lot of children attend who have never before been to a setting like ours. This was funded by FiPL through the National Landscapes (formally AONB). We have also as a CIC been able to help lower income families attend our pre school and flexi/home school session, by either subsidising the price for them or letting them attend for free.

Consultation with stakeholders

The company’s stakeholders include local schools, children and the local college where we support some of their students. We obtain feedback from the users of your services and this feedback is used in the provision of our future services.

Directors' remuneration

Directors received payment for provision of their services at set day or hourly rates and were paid on the basis of time /days worked. Total remuneration to directors during the year was £45,433.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
15 January 2025

And signed on behalf of the board by:
Name: Caroline Mayor
Status: Director