CHILDREN'S BUSINESS FAIR CIC

Company limited by guarantee

Company Registration Number:
14835970 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 May 2023

End date: 31 May 2024

CHILDREN'S BUSINESS FAIR CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CHILDREN'S BUSINESS FAIR CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Current assets
Cash at bank and in hand: 1,000
Total current assets: 1,000
Creditors: amounts falling due within one year: 3 ( 579 )
Net current assets (liabilities): 421
Total assets less current liabilities: 421
Total net assets (liabilities): 421
Members' funds
Profit and loss account: 421
Total members' funds: 421

The notes form part of these financial statements

CHILDREN'S BUSINESS FAIR CIC

Balance sheet statements

For the year ending 31 May 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 26 May 2025
and signed on behalf of the board by:

Name: Mr S Rogerson
Status: Director

The notes form part of these financial statements

CHILDREN'S BUSINESS FAIR CIC

Notes to the Financial Statements

for the Period Ended 31 May 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 and other sales taxes.

CHILDREN'S BUSINESS FAIR CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

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

CHILDREN'S BUSINESS FAIR CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Taxation and social security 99
Other creditors 480
Total 579

COMMUNITY INTEREST ANNUAL REPORT

CHILDREN'S BUSINESS FAIR CIC

Company Number: 14835970 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Children's Business Fair (CBF) gives the next generation the opportunity to develop a business, launch in the real world and make their own money. Young entrepreneurs (aged 7-17), develop a brand, build a product or service, create a marketing strategy and then open for business at our one-day marketplace events. Regular events throughout the year give participants the authentic entrepreneurial 'build-measure-learn' experience. They launch, make mistakes, reflect on them - and relaunch at the next event with lessons learned. This is real learning for the real world. Encouraged by the promise of profits, entrepreneurs also build skills critical to the future of work - grit and resilience, problem-solving, creativity and communication. In the accounting period, the Children’s Business Fair CIC has run nine events. In this period, 509 young entrepreneurs (aged 7-17) have launched their own businesses and sold to tens of thousands of customers. Events bring colour, community and commerce to the centre of Guildford. Our team engages with local communities, local schools, families and customers. The events celebrate of the next generation as well as the High Streets on which they are celebrated. The CBF transforms the lives of participants, setting them up with skills for life, not just exams. Parents agree. Our recent Parent Survey found that 83% of respondents strongly felt that the CBF had helped grow their children's confidence. 76% thought that the experience had made their children grittier and better communicators. Bringing colour, community and commerce to local communities, the CBF also transforms the town centres and high streets where the events are held. Regular CBF events, complete with buzz, energy and increased footfall, building a groundswell of positivity and pride of place.

Consultation with stakeholders

No consultation with stakeholders

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
26 May 2025

And signed on behalf of the board by:
Name: Mr S Rogerson
Status: Director