NATURAL WORX CIC

Company limited by guarantee

Company Registration Number:
12834825 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

NATURAL WORX CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NATURAL WORX CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 168,400 165,830
Cost of sales: ( 124,820 ) ( 120,742 )
Gross profit(or loss): 43,580 45,088
Administrative expenses: ( 63,322 ) ( 64,956 )
Operating profit(or loss): (19,742) (19,868)
Profit(or loss) before tax: (19,742) (19,868)
Profit(or loss) for the financial year: (19,742) (19,868)

NATURAL WORX CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,625 5,786
Total fixed assets: 2,625 5,786
Current assets
Stocks: 4 21,913 29,490
Debtors: 5 4,676 4,757
Cash at bank and in hand: 2,651 692
Total current assets: 29,240 34,939
Creditors: amounts falling due within one year: 6 ( 11,784 ) ( 10,838 )
Net current assets (liabilities): 17,456 24,101
Total assets less current liabilities: 20,081 29,887
Creditors: amounts falling due after more than one year: 7 ( 59,081 ) ( 49,145 )
Accruals and deferred income: ( 780 ) ( 780 )
Total net assets (liabilities): (39,780) (20,038)
Members' funds
Profit and loss account: (39,780) ( 20,038)
Total members' funds: ( 39,780) (20,038)

The notes form part of these financial statements

NATURAL WORX CIC

Balance sheet statements

For the year ending 31 August 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.

This report was approved by the board of directors on 4 April 2025
and signed on behalf of the board by:

Name: Penelope Mary Davis
Status: Director

The notes form part of these financial statements

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 8

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 8,746 6,520 563 15,829
Additions 253 253
Disposals
Revaluations
Transfers
At 31 August 2024 8,746 6,773 563 16,082
Depreciation
At 1 September 2023 6,200 3,280 563 10,043
Charge for year 2,542 872 0 3,414
On disposals
Other adjustments
At 31 August 2024 8,742 4,152 563 13,457
Net book value
At 31 August 2024 4 2,621 0 2,625
At 31 August 2023 2,546 3,240 0 5,786

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 21,913 29,490
Total 21,913 29,490

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,826 1,907
Other debtors 2,850 2,850
Total 4,676 4,757

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0
Trade creditors 5,772 5,303
Taxation and social security 6,012 5,535
Total 11,784 10,838

NATURAL WORX CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 2,500
Other creditors 59,081 46,645
Total 59,081 49,145

COMMUNITY INTEREST ANNUAL REPORT

NATURAL WORX CIC

Company Number: 12834825 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Providing the community with specialist foodstuffs not easily available elsewhere including gluten free, vegan and sugar free alternatives. Stocking a wide range of organic goods for the health of the community and the planet. Providing refillable solutions to help our community reduce their single use plastic and packaging. Helping people find the right supplement to feel their best and providing opportunity for customers and visitors to discuss their health needs without feeling the pressure to purchase items. Providing space for local groups to meet for workshops relating to health and wellbeing, study space or simply a chat with a friend or mentor. These include weekly meditation sessions,workshops for writing, holistic health and care and local business networking meetings.

Consultation with stakeholders

Regular meetings held between directors to discuss the ongoing needs of the business.

Directors' remuneration

Director’s have received a sum of £8,555 during the financial year

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 April 2025

And signed on behalf of the board by:
Name: Grace Haggart
Status: Director