PLAY WOODEN CIC

Company limited by guarantee

Company Registration Number:
11053353 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

PLAY WOODEN CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

PLAY WOODEN CIC

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

Principal activity of the company during the financial year was that of cultural and artistic education, including manufacturing of other games and toys



Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

Mr Olwatosin Shittu
Manrouf Chanfi
Sibusiso TSHABALALA


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
29 August 2025

And signed on behalf of the board by:
Name: Mr Olwatosin Shittu
Status: Director

PLAY WOODEN CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 10,320 11,744
Cost of sales: ( 390 ) ( 10,713 )
Gross profit(or loss): 9,930 1,031
Distribution costs: ( 448 ) ( 317 )
Administrative expenses: ( 7,292 ) ( 12,504 )
Other operating income: 2,988 3,900
Operating profit(or loss): 5,178 (7,890)
Interest payable and similar charges: ( 494 ) ( 74 )
Profit(or loss) before tax: 4,684 (7,964)
Profit(or loss) for the financial year: 4,684 (7,964)

PLAY WOODEN CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,619 3,430
Total fixed assets: 2,619 3,430
Current assets
Cash at bank and in hand: 3 3
Total current assets: 3 3
Creditors: amounts falling due within one year: 4 ( 12,804 ) ( 17,926 )
Net current assets (liabilities): (12,801) (17,923)
Total assets less current liabilities: (10,182) ( 14,493)
Creditors: amounts falling due after more than one year: 5 ( 1,596 ) ( 1,968 )
Total net assets (liabilities): (11,778) (16,461)
Members' funds
Profit and loss account: (11,778) ( 16,461)
Total members' funds: ( 11,778) (16,461)

The notes form part of these financial statements

PLAY WOODEN CIC

Balance sheet statements

For the year ending 30 November 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 29 August 2025
and signed on behalf of the board by:

Name: Mr Olwatosin Shittu
Status: Director

The notes form part of these financial statements

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis Plant and Machinery 25percent Reducing Balance Computer Equipment 25percent Reducing Balance

    Other accounting policies

    Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 4,730 2,287 7,017
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 4,730 2,287 7,017
Depreciation
At 1 December 2023 2,524 1,063 3,587
Charge for year 552 259 811
On disposals
Other adjustments
At 30 November 2024 3,076 1,322 4,398
Net book value
At 30 November 2024 1,654 965 2,619
At 30 November 2023 2,206 1,224 3,430

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Trade creditors 0 150
Taxation and social security 4,689 4,408
Other creditors 8,115 13,368
Total 12,804 17,926

PLAY WOODEN CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

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

2024 2023
£ £
Bank loans and overdrafts 1,596 1,968
Total 1,596 1,968

COMMUNITY INTEREST ANNUAL REPORT

PLAY WOODEN CIC

Company Number: 11053353 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

For Children and Young people, youth and adult, community groups, schools, city councils, private organisations and individuals. The company offers an alternative selection of creative wooden games and puzzles (alternative to modern electronic/plastic/mass produced games and puzzles) and provide services with the selection of creative wooden games. The company has five levels of activities A wide range of innovative wooden games and puzzles that can be hired to venues/community groups/school clubs/festivals. As well as building play equipment for playgrounds. Provide and facilitate corporate team activities, including employee wellbeing and team awayday with us of wooden games, play theory and principle, and non-violent communication philosophy, lateral thinking and emotional intelligent theory and practice. Activities and workshops based around playing and making the wooden games and puzzles, as well as using the creative wooden games to provide alternative provision services. Run small events and facilitate ecological and climate change conversation with use of creative wooden games and puzzles The third level seeks to create income from selling individual wooden games and puzzles, Making and repair bespoke and custom wooden furniture. The games and puzzles are designed to stimulate the brains of children and adults alike, to encourage intergenerational play between children and adults, to encourage community cohesion and social inclusion by providing a platform for children and adults to communicate through the games and workshops and to stimulate curiosity, exploration, experimentation and entrepreneurship in youth and adult. The games are all made from wood to encourage awareness an appreciation of environmental values and handcraft techniques. The ethos of the company is to encourage Make-Use-Value, to teach ourselves to use with purpose and respect the resources we have, to protect the future and be less destructive and materialistic. provide benefits The workshops encourage creative learning, intergenerational play and community cohesion and direct contact with game makers and designers. Children, young people and youth learn to nurture and connect their imagination to the concrete world. and acquire social and technical skills. Promoting environmental awareness, sustainability, new learning skills and tool use and entrepreneurship in youth and adult. Encourage positive, open and critical minded conversation for change. Community groups and schools can buy the wooden games at affordable price, hire the games and explore more natural and healthy ‘gaming’ mindsets. Profits will pay wages for designers and makers as well as to supplement project development. The company has a very different ethos to massproduced toy manufacturers where the emphasis is to constantly stimulate and to some extent exploit children’s and adult’s imagination without any environmental awareness. If the company makes any surplus, it will be used for Developing community projects, in the UK and abroad possibly in Africa.

Consultation with stakeholders

The company’s stakeholders are families that use our service on regular basis and customer that hire our service on regular basis, as we as partner play provisions. Our founder and main investor of the company live and engage every day with stakeholders and the directors of the company are UK residence that share and embrace play wooden mission and ethos and support the vision of the company with suggestions and new ideas. All our activities and projects are result of the company’s audience feedback and preference. Our last three engagement with audience and analyses in Bristol have informed us that we need to create more play opportunities and project that support aspiration, cohesion, youth and empowerment in communities around Bristol. Our stakeholders want us to provide support in revitalise abandoned green space in the communities.

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
20 August 2025

And signed on behalf of the board by:
Name: O Shittu
Status: Director