SMALL IS BIG CIC

Company Registration Number:
09023675 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

SMALL IS BIG CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SMALL IS BIG CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 894
Total fixed assets: 0 894
Current assets
Debtors: 4 121,504 201,478
Cash at bank and in hand: 114,178 65,416
Total current assets: 235,682 266,894
Creditors: amounts falling due within one year: 5 ( 230,830 ) ( 266,409 )
Net current assets (liabilities): 4,852 485
Total assets less current liabilities: 4,852 1,379
Creditors: amounts falling due after more than one year: 6 ( 4,325 ) ( 14,249 )
Total net assets (liabilities): 527 (12,870)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 526 (12,871 )
Total Shareholders' funds: 527 (12,870)

The notes form part of these financial statements

SMALL IS BIG CIC

Balance sheet statements

For the year ending 31 December 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 30 September 2025
and signed on behalf of the board by:

Name: Michelle Ovens CBE
Status: Director

The notes form part of these financial statements

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and machinery over three years.

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 23,225 23,225
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 23,225 23,225
Depreciation
At 1 January 2024 22,331 22,331
Charge for year 894 894
On disposals
Other adjustments
At 31 December 2024 23,225 23,225
Net book value
At 31 December 2024 0 0
At 31 December 2023 894 894

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 94,000 201,478
Prepayments and accrued income 21,504
Other debtors 6,000
Total 121,504 201,478

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,099 10,047
Taxation and social security 2,822 14,573
Accruals and deferred income 201,450 230,899
Other creditors 1,459 890
Total 230,830 266,409

SMALL IS BIG CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Bank loans and overdrafts 4,325 14,249
Total 4,325 14,249

COMMUNITY INTEREST ANNUAL REPORT

SMALL IS BIG CIC

Company Number: 09023675 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The CIC is a campaigning organisation for small businesses. Its principal activity is to deliver its annual campaign Small Business Saturday with the aim of having a lasting impact on small businesses by highlighting the contribution that small businesses make to their local communities and to celebrate the more than 5.5m small businesses in the UK. Small Business Saturday is a non-commercial, grassroots campaign aimed at highlighting the success of small businesses within their communities, and at encouraging consumers to ‘shop local’. On Small Business Saturday, customers across the U.K. go out and support all types of small businesses, online, in offices and in stores. Many small businesses take part in the day by hosting events and offering discounts. The day itself takes place on the first Saturday in December each year, but the campaign aims to have a lasting impact on small businesses. Small Business Saturday took place on 7 December 2024. The daylong event was preceded by a nationwide tour supported by American Express. Kicking off in Inverness, the tour visited towns across the country, shining a light on the contribution of the UK’s vibrant small business economy, before finishing in London. In the run up to Small Business Saturday, Small Biz 100 highlighted 100 small businesses, one a day for 100 days leading up to the main event. The tour put sustainability and energy saving at its heart and made use of electric vehicles to reduce emissions This benefited the small business community by giving small businesses a national marketing spotlight, high engagement on social media for small businesses, enabling small business stories to be shared on social media , encouraging consumers to support small local businesses to assist growth, offering workshops provided by leading experts to support small businesses The campaign sees over 10 million people support local small businesses for Small Business Saturday, driving more than £630 million of additional spend on the day.

Consultation with stakeholders

The CIC’s stakeholders are: small businesses in the UK, supporters of the campaign, including big companies, trade organisations and the public sector, and consumers of small business goods and services. The CIC undertakes a number of consultation activities with its stakeholders each year to determine success and future planning. For consumers, a nationwide survey is conducted over the 48 hours around Small Business Saturday, looking at awareness, engagement, spend and success of various activities in driving this behaviour. For small businesses, regular online surveys ask small businesses what their needs and concerns are and what the campaign can do to help these. The director and individuals working with the CIC meet regularly with big company supporters, trade bodies, such as the Federation of Small Businesses, and central and local government to determine how they can best support the campaign, including what can be improved year to year. Regular events are held regionally across the UK, including Scotland, Wales and Northern Ireland, to engage and elicit feedback on the campaign.

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
30 September 2025

And signed on behalf of the board by:
Name: Michelle Ovens CBE
Status: Director