Running Head First CIC

Running Head First CIC
Balance Sheet
As at 30 November 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	1,651	2,201
		1,651	2,201
Current assets
Debtors	5	285	345
Cash at bank and in hand		7,460	1,481
		7,745	1,826
Creditors: amount falling due within one year	6	(10,702)	(846)
Net current assets		(2,957)	980

Total assets less current liabilities		(1,306)	3,181
Provisions for liabilities	7	(314)	(418)
Net assets		(1,620)	2,763

Reserves
Income and expenditure account		(1,620)	2,763
Members' funds		(1,620)	2,763

For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income and expenditure account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 19 August 2026 and were signed on its behalf by:

-------------------------------
C Redmond
Director

Running Head First CIC
Notes to the Financial Statements
For the year ended 30 November 2025

General Information

Running Head First CIC is a private company, limited by guarantee, registered in England and Wales, registration number 12153028, registration address 139-141 Wallasey Village, Wallasey, Wirral, CH45 3LF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company.
During the year, the company received rental income. Rental income is on a receivable basis.

Government grants

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

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	25% Reducing Balance
Computer Equipment	33% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 3).

3.	Financial Commitments, Guarantees and Contingencies The company occupies its trading premises under a lease agreement expiring in November 2027. Rental commitments are payable in accordance with the lease terms.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 December 2024	4,628	634	5,262
Additions	-	-	-
Disposals	-	-	-
At 30 November 2025	4,628	634	5,262
Depreciation
At 01 December 2024	2,429	632	3,061
Charge for year	550	-	550
On disposals	-	-	-
At 30 November 2025	2,979	632	3,611
Net book values
Closing balance as at 30 November 2025	1,649	2	1,651
Opening balance as at 01 December 2024	2,199	2	2,201

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments & Accrued Income	0	345
Directors' Current Accounts	285	0
	285	345

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	2,470	0
PAYE & Social Security	407	1
Accrued Expenses	0	900
Deferred Grants	7,600	0
Other Creditors	225	0
Wages & Salaries Control Account	0	(55)
	10,702	846

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	314		418
	314		418

8.	Director’s loan

Overdrawn Directors Loan Account

Director's Advances and Credits

As at the year-end the director, C Redmond, owed the company £285. This advance is made up of one transaction of £285. The loan is unsecured, interest free with no formal repayment schedule.

9.	Company Limited by Guarantee The liability of each member is limited to £1 by way of guarantee.

Registered Number: 12153028
England and Wales
RUNNING HEAD FIRST CIC

Unaudited Financial Statements

Period of accounts Start date: 01 December 2024 End date: 30 November 2025