for the Period Ended 30 April 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2024
Directors
The director shown below has held office during the whole of the period from
1 May 2023
to
30 April 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2024 | 2023 | |
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£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
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Total assets less current liabilities: |
( |
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Creditors: amounts falling due after more than one year: | 6 |
(
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(
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Provision for liabilities: |
(
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(
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Accruals and deferred income: |
(
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(
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 May 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 April 2024 |
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Depreciation | ||||||
At 1 May 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 April 2024 |
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Net book value | ||||||
At 30 April 2024 |
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At 30 April 2023 |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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for the Period Ended 30 April 2024
for the Period Ended 30 April 2024
Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
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Balance at 30 April 2023 | |
Advances or credits made: |
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Advances or credits repaid: | |
Balance at 30 April 2024 |
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Wimbletech CIC was set up in April 2014 and aims to: - Help companies, co-workers, and start-ups stay up and grow within their local Boroughs, while also providing affordable local space for remote working. - Cost-effectively and simply create a flexible, affordable, sustainable, community-centric co-working campus. - Provide and curate a dynamic, supportive ecosystem and network, delivering value to a range of stakeholders. This includes income, footfall, events, and activities for libraries and the local community, as well as affordable physical desk space, events, support, and a peer/partner network for members. - Between opening and April 2024, we generated a total sustainable income of approximately £1.15m. - The new ‘licensed’ space in Harlow, Essex was a success, with an expected extension following the 12-month review period and plans to consider other library sites across Essex. - Regarding member events, the number of community events run and managed by Wimbletech CIC has started to pick up, ranging from coffee mornings to Christmas lunches, while continuing to encourage member-led activities, events, and socials. - In terms of additional community benefits, we continued to help companies expand and grow, resulting in the creation of new local jobs and increased local spending, as members who may have otherwise travelled outside of their respective Boroughs to work stayed and spent locally.
The company’s stakeholders, as with the year before, are ‘Members’ (those renting physical space and those connected via our Virtual programme), our partner ‘Councils’ (specifically, but not limited to, the ‘Futures’, ‘Library, Culture & Heritage’ teams, Library Staff – Library Managers, Staff and Securities Team), Local ‘Communities’, and Project Partners (Local, National, International, i.e., organisations and individuals representing Libraries, Startups, and Communities). In terms of Members and Project Partners, we communicated through our Resident Community Managers, Community Managers, and Leadership Team. These communications were carried out online (email/web), on mobile (daily involvements), and in person, resulting in changes to site configurations, upgrades, and improvements. In terms of ‘Councils’, we were in regular communication to ensure continued investment in both site operations and experience.
Director’s remuneration was £83,601 for the period. Director’s pension contributions of £1,255 were paid.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 August 2024
And signed on behalf of the board by:
Name: D Fletcher
Status: Director