WKUK (PLYMOUTH) CIC

Company limited by guarantee

Company Registration Number:
08971684 (England and Wales)

Unaudited statutory accounts for the year ended 29 April 2024

Period of accounts

Start date: 1 May 2023

End date: 29 April 2024

WKUK (PLYMOUTH) CIC

Contents of the Financial Statements

for the Period Ended 29 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WKUK (PLYMOUTH) CIC

Directors' report period ended 29 April 2024

The directors present their report with the financial statements of the company for the period ended 29 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 29 April 2024

Alan Jones
Susan Grant


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 February 2025

And signed on behalf of the board by:
Name: Alan Jones
Status: Director

WKUK (PLYMOUTH) CIC

Balance sheet

As at 29 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 13,635 16,756
Total fixed assets: 13,635 16,756
Current assets
Stocks: 4 8,500 7,000
Debtors: 5 1,595 1,276
Cash at bank and in hand: 2,328 23,642
Total current assets: 12,423 31,918
Creditors: amounts falling due within one year: 6 ( 34,349 ) ( 39,215 )
Net current assets (liabilities): (21,926) (7,297)
Total assets less current liabilities: (8,291) 9,459
Total net assets (liabilities): (8,291) 9,459
Members' funds
Profit and loss account: (8,291) 9,459
Total members' funds: ( 8,291) 9,459

The notes form part of these financial statements

WKUK (PLYMOUTH) CIC

Balance sheet statements

For the year ending 29 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.

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 24 February 2025
and signed on behalf of the board by:

Name: Alan Jones
Status: Director

The notes form part of these financial statements

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 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. 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. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 15% Reducing Balance Motor Vehicles 20% Reducing Balance Fixtures & Fittings 25% Reducing Balance Computer Equipment 20% Reducing Balance

    Other accounting policies

    Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 23,365 4,116 8,394 35,875
Additions 202 202
Disposals
Revaluations
Transfers
At 29 April 2024 23,365 4,318 8,394 36,077
Depreciation
At 1 May 2023 13,800 2,171 3,148 19,119
Charge for year 1,592 420 1,311 3,323
On disposals
Other adjustments
At 29 April 2024 15,392 2,591 4,459 22,442
Net book value
At 29 April 2024 7,973 1,727 3,935 13,635
At 30 April 2023 9,565 1,945 5,246 16,756

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 April 2024

4. Stocks

2024 2023
£ £
Stocks 8,500 7,000
Total 8,500 7,000

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 519 295
Other debtors 1,076 981
Total 1,595 1,276

WKUK (PLYMOUTH) CIC

Notes to the Financial Statements

for the Period Ended 29 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 4,000
Trade creditors 135 854
Taxation and social security 407 218
Other creditors 33,807 34,143
Total 34,349 39,215

COMMUNITY INTEREST ANNUAL REPORT

WKUK (PLYMOUTH) CIC

Company Number: 08971684 (England and Wales)

Year Ending: 29 April 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a fair and accurate description of how they have benefited the community, or section of the community, which the company is intended to serve. The legacy from lockdown is still persisting with increases in reported mental health issues in all age groups in the last 12 months. Anxiety and The Brexit legacy is becoming more apparent and not in a positive way. Continued Ukraine and middle east conflicts and the political situation in the USA are also causing global concern and suppressing growth by seeding uncertainty for the future. This is fuelling even higher energy and food costs against a backdrop of UK fiscal issues reducing capping and subsidies. Disposable income has become much reduced or gone negative with many using savings to survive. Our BBO (Building Better Opportunities) ESF/Big Lottery funded project to help young people into work which ended in March 2023 has not been replaced with anything substantial. Funding is now being broken down into very small awards which do not create long term meaningful change in the situations they are meant to be addressing. As predicted we have increased our paid sessions and online sales to help fund our support work. We continue to seek alternative larger funding from external sources but have so far been unsuccessful. We have succeeded in creating innovative sessions which attract people who, once involved, are comfortable with revealing their problems or barriers which we are able to help address or signpost them on. Our aim is still to raise people's aspirations...by delivering skills training, educational and personal development activities and events in Devon & Cornwall. This is embedded in all our activities, events and parties and impacts on everyone from babies to adults. We support and make learning fun. Proceeds from our activities are reinvested to help along with funding towards the sustainability of our activities and to try to ensure they are available to all.

Consultation with stakeholders

Our stakeholders are primarily those with whom we interact both on delivery and referral. We constantly review our processes and refine activity to continue to reach out to those who need assistance

Directors' remuneration

Directors remuneration is fully accounted for within the accounts. Director’s remuneration of £23,350 is included in the administration costs.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Alan Jones
Status: Director