NORFOLK WOMEN'S MARKETING NETWORK CIC

Company limited by guarantee

Company Registration Number:
14091226 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 June 2023

End date: 31 October 2024

NORFOLK WOMEN'S MARKETING NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

NORFOLK WOMEN'S MARKETING NETWORK CIC

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 October 2024

Grace Appleby


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
11 May 2025

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

NORFOLK WOMEN'S MARKETING NETWORK CIC

Profit And Loss Account

for the Period Ended 31 October 2024

17 months to 31 October 2024 13 months to 31 May 2023


£

£
Turnover: 8,767 5,985
Cost of sales: ( 9,007 ) ( 623 )
Gross profit(or loss): (240) 5,362
Distribution costs: ( 5 ) ( 17 )
Administrative expenses: ( 1,696 ) ( 2,841 )
Operating profit(or loss): (1,941) 2,504
Profit(or loss) before tax: (1,941) 2,504
Tax: ( 489 )
Profit(or loss) for the financial year: (1,941) 2,015

NORFOLK WOMEN'S MARKETING NETWORK CIC

Balance sheet

As at 31 October 2024

Notes 17 months to 31 October 2024 13 months to 31 May 2023


£

£
Current assets
Cash at bank and in hand: 763 2,913
Total current assets: 763 2,913
Creditors: amounts falling due within one year: 3 ( 689 ) ( 898 )
Net current assets (liabilities): 74 2,015
Total assets less current liabilities: 74 2,015
Total net assets (liabilities): 74 2,015
Members' funds
Profit and loss account: 74 2,015
Total members' funds: 74 2,015

The notes form part of these financial statements

NORFOLK WOMEN'S MARKETING NETWORK CIC

Balance sheet statements

For the year ending 31 October 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 11 May 2025
and signed on behalf of the board by:

Name: Grace Appleby
Status: Director

The notes form part of these financial statements

NORFOLK WOMEN'S MARKETING NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 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. Sale of goods 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. Rendering of services 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.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

NORFOLK WOMEN'S MARKETING NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    17 months to 31 October 2024 13 months to 31 May 2023
    Average number of employees during the period 0 0

NORFOLK WOMEN'S MARKETING NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

17 months to 31 October 2024 13 months to 31 May 2023
£ £
Taxation and social security 489
Other creditors 689 409
Total 689 898

COMMUNITY INTEREST ANNUAL REPORT

NORFOLK WOMEN'S MARKETING NETWORK CIC

Company Number: 14091226 (England and Wales)

Year Ending: 31 October 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 description of how they have benefited the community. Norfolk Women’s Marketing Network CIC runs events for women and non-binary marketers in Norfolk. The business’ mission is to connect likeminded individuals, encourage learning of new skills, and empower the community to further their careers. During the financial year 2023-2024, the Network has benefited the community in the following ways: Junior marketers have been given the opportunity to build connections with other professionals in their industry Marketers have found new job opportunities through the Network’s events Over 70 individuals were recognised for their contributions to the industry in the inaugural, free-to-enter Norfolk Women’s Marketing Awards Monthly events were held, spanning educational talks, workshops and socials - providing a consistent, safe space for the community. Over 500 marketers benefited from our events

Consultation with stakeholders

The company's stakeholders are the women and non-binary marketers of Norfolk. The company welcomes anyone who is local and has an interest in marketing to benefit from the learning and connection opportunities at our events. We survey our community periodically to ask what they enjoy about the network and what more we can do to support them. Their feedback helped us to structure our events calendar to ensure that certain topics were covered, certain venues were attended, and certain accessibility needs were met.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 May 2025

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