WILD & KIND CIC

Company limited by guarantee

Company Registration Number:
SC571888 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

WILD & KIND CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WILD & KIND CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 7,489 39,999
Total fixed assets: 7,489 39,999
Current assets
Stocks: 4 0 2,400
Debtors: 5 3,986 6,559
Cash at bank and in hand: 163 143
Total current assets: 4,149 9,102
Prepayments and accrued income: 2,502 1,434
Creditors: amounts falling due within one year: 6 ( 22,353 ) ( 53,983 )
Net current assets (liabilities): (15,702) (43,447)
Total assets less current liabilities: (8,213) ( 3,448)
Creditors: amounts falling due after more than one year: 7 ( 198,244 ) ( 170,456 )
Total net assets (liabilities): (206,457) (173,904)
Members' funds
Profit and loss account: (206,457) ( 173,904)
Total members' funds: ( 206,457) (173,904)

The notes form part of these financial statements

WILD & KIND CIC

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 2 April 2025
and signed on behalf of the board by:

Name: Trudi Donahue
Status: Director

The notes form part of these financial statements

WILD & KIND CIC

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, excluding discounts, rebates, value added tax andother sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks andrewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage ofcompletion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed todate to the total estimated contract costs

    Tangible fixed assets depreciation policy

    Ta n g i b l e assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rate in ordertowrite off the assets over their estimated useful lives:Plant and Machinery: 3 years

    Other accounting policies

    Going concern: The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. These negative net assets include a loan to the director and money received from First Port in both the form of a loan and a grant whiehmay be repayable. Based on the repayment terms for the loans and measures taken by the Directors, the accounts have been preparedon a going concern basis.

WILD & KIND CIC

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

WILD & KIND CIC

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 93,269 4,244 97,513
Additions 1,374 4,759 6,133
Disposals ( 83,756 ) ( 946 ) ( 84,702 )
Revaluations
Transfers
At 31 July 2024 10,887 8,057 18,944
Depreciation
At 1 August 2023 55,359 2,155 57,514
Charge for year 1,408 1,368 2,776
On disposals ( 48,388 ) ( 447 ) ( 48,835 )
Other adjustments
At 31 July 2024 8,379 3,076 11,455
Net book value
At 31 July 2024 2,508 4,981 7,489
At 31 July 2023 37,910 2,089 39,999

WILD & KIND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 0 2,400
Total 0 2,400

WILD & KIND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 3,986 6,559
Total 3,986 6,559

WILD & KIND CIC

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 17,566 30,584
Trade creditors 3,259 15,335
Taxation and social security 1,418 5,587
Other creditors 110 2,477
Total 22,353 53,983

WILD & KIND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 115,672 117,362
Other creditors 82,572 53,094
Total 198,244 170,456

COMMUNITY INTEREST ANNUAL REPORT

WILD & KIND CIC

Company Number: SC571888 (Scotland)

Year Ending: 31 July 2024

Company activities and impact

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

Consultation with stakeholders

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.

Directors' remuneration

A total of £6,473 was paid to a director during the period.

Transfer of assets

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