for the Period Ended 31 July 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
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 | |||
Stocks: | 4 |
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Debtors: | 5 |
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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: | 6 |
(
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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: | 7 |
(
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(
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' 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 31 July 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2023 |
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Additions |
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Disposals |
(
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(
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(
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Revaluations | ||||||
Transfers | ||||||
At 31 July 2024 |
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Depreciation | ||||||
At 1 August 2023 |
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Charge for year |
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On disposals |
(
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(
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(
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Other adjustments | ||||||
At 31 July 2024 |
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Net book value | ||||||
At 31 July 2024 |
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At 31 July 2023 |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Total |
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for the Period Ended 31 July 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 31 July 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Other creditors |
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Total |
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Over the past 12 months, Wild & Kind has undergone a radical transformation in response to prolonged trading difficulties brought on by the cost-of-living crisis. We have moved away from offering print and embroidery services but have retained one production partner to provide sewing services for high-volume labelling work, ensuring continued employment opportunities. This shift in focus has also led to a realignment of our social aims. We have prioritised bringing people together through collaboration and support. One of the key ways we’ve achieved this is by offering co-working spaces, including hot desking and membership options. This initiative provides individuals with a supportive environment to work, connect, and thrive. We also offer a noise friendly art studio where tenants have a space to create their own work and support their own entrepreneurial journey. During the reporting period, Wild & Kind CIC has carried out the following activities in pursuit of its community interest objectives: Community Engagement and Support: Provided a safe and inclusive space for marginalised individuals, Neurdivergent people who seek creative opportunities and support through our co-working space. Workshops and Training: Offered educational workshops and training sessions to empower individuals with skills and support for neurodivergent social entrepreneurship. Collaborations with Local Businesses and Artists: Partnered with artists, social enterprises, and ethical businesses to foster a network of mutual support and sustainable practices through our creative arts studio and co working space. These activities have directly benefited the community by creating employment opportunities for 3 full time jobs, fostering an inclusive creative environment, and promoting sustainable business practices
Wild & Kind CIC values the input and engagement of its stakeholders, which include: Members of its creative art studio and Coworknig space seek creative opportunities and support. Local artists and independent businesses collaborating on ethical and sustainable projects. Customers and community members who support and purchase Wild & Kind products. Consultation methods have included: Direct engagement through workshops, and surveys to gather feedback and insights. Social media interactions and online discussions to ensure transparency and responsiveness. Based on stakeholder feedback, we have expanded training and support opportunities and introduced new community-based initiatives,including weekly in-person meetups, to better align with their needs.
A total of £6,473 was paid to a director during the period.
A number of assets were sold during the period due to a full company restructure and redirection away from production following difficult trading circumstances as a result of the cost of living crisis. Sales were either to other businesses or back to original suppliers using market value for the assets condition and popularity as much as possible.
This report was approved by the board of directors on
31 March 2025
And signed on behalf of the board by:
Name: Trudi Donahue
Status: Director