BRITISH NORDIC WALKING C.I.C.

Company Registration Number:
06636564 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

BRITISH NORDIC WALKING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

BRITISH NORDIC WALKING C.I.C.

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

Principal activities of the company

that of the delivery of education, training and development of Nordic Walking.

Additional information

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to select suitable accounting policies and then apply them consistently make judgments and accounting estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

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

C Hughes
L J Drewe


The director shown below has held office during the period of
1 August 2023 to 21 February 2024

B Blake


The director shown below has held office during the period of
21 February 2024 to 31 July 2024

D Bullock


Secretary C Hughes

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
7 March 2025

And signed on behalf of the board by:
Name: C Hughes
Status: Secretary

BRITISH NORDIC WALKING C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 246 398
Investments:   0 0
Total fixed assets: 246 398
Current assets
Stocks: 4 3,276 3,706
Debtors: 5 2,954 3,279
Cash at bank and in hand: 19,058 21,807
Investments:   0 0
Total current assets: 25,288 28,792
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 13,016 ) ( 9,181 )
Net current assets (liabilities): 12,272 19,611
Total assets less current liabilities: 12,518 20,009
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 ( 75 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 12,518 19,934
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 12,516 19,932
Total Shareholders' funds: 12,518 19,934

The notes form part of these financial statements

BRITISH NORDIC WALKING C.I.C.

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.

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 7 March 2025
and signed on behalf of the board by:

Name: C Hughes
Status: Director

The notes form part of these financial statements

BRITISH NORDIC WALKING C.I.C.

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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 33% Reducing Balance

    Other accounting policies

    Going concern basis The directors believe that the company is experiencing good levels of sales growth, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax assets and liabilities are not discounted. Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

BRITISH NORDIC WALKING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

BRITISH NORDIC WALKING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 1,429 1,429
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 1,429 1,429
Depreciation
At 1 August 2023 1,031 1,031
Charge for year 152 152
On disposals
Other adjustments
At 31 July 2024 1,183 1,183
Net book value
At 31 July 2024 246 246
At 31 July 2023 398 398

BRITISH NORDIC WALKING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 3,276 3,706
Total 3,276 3,706

BRITISH NORDIC WALKING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 460 777
Prepayments and accrued income 2,494 1,689
Other debtors 0 813
Total 2,954 3,279
Debtors due after more than one year: 0 0

BRITISH NORDIC WALKING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,790 85
Taxation and social security 0 0
Accruals and deferred income 7,970 9,041
Other creditors 2,256 55
Total 13,016 9,181

COMMUNITY INTEREST ANNUAL REPORT

BRITISH NORDIC WALKING C.I.C.

Company Number: 06636564 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Offering Nordic Walking education and training to public and private organisations like city councils, hospitals, charities, community groups, and businesses, in accordance with the guidelines set forth by the International Nordic Walking Federation (INWA), the sport's governing body, is among the company's primary functions. The company will continue to work in partnership with community groups to encourage people to exercise. Provide support for existing Nordic Walking instructors in setting up classes and running events. Helping the general public with their Nordic Walking inquiries. Sharing research findings into the benefits of Nordic Walking for people with disabilities and various health conditions. Promote Nordic walking to inactive populations, because they are drawn to Nordic Walking due to its accessibility. People stick with Nordic Walking because its enjoyable and the fact that it has significant health benefits without appearing to require a lot of effort. Taking part in a Nordic Walking group can be a great way to meet new people and strengthen bonds with those you already know.

Consultation with stakeholders

Our key stakeholders are Nordic Walking instructors. At our annual convention we invite our stakeholders to contribute to the strategic priorities for the following year.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £15,489.40. There were no other transactions or arrangements in connection with the remuneration of directors or compensation for director’s loss of office which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 March 2025

And signed on behalf of the board by:
Name: C Hughes
Status: Director