KATWALK KIMBERLEYS CIC

KATWALK KIMBERLEYS CIC

KATWALK KIMBERLEYS CIC - Company Information

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KATWALK KIMBERLEYS CIC

Company limited by guarantee

Company Registration Number:
09062434 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2020

Period of accounts

Start date: 31 May 2019

End date: 30 May 2020

KATWALK KIMBERLEYS CIC

Contents of the Financial Statements

for the Period Ended 30 May 2020

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

KATWALK KIMBERLEYS CIC

Profit And Loss Account

for the Period Ended 30 May 2020

2020 2019


£
£
Turnover: 3,775
Cost of sales: ( 1,384 ) ( 1,335 )
Gross profit(or loss): (1,384) 2,440
Administrative expenses: ( 9,169 ) ( 2,965 )
Other operating income: 13,340 445
Operating profit(or loss): 2,787 (80)
Profit(or loss) before tax: 2,787 (80)
Tax: ( 405 )
Profit(or loss) for the financial year: 2,382 (80)

KATWALK KIMBERLEYS CIC

Balance sheet

As at 30 May 2020

Notes 2020 2019


£
£
Fixed assets
Tangible assets: 3 576 721
Total fixed assets: 576 721
Current assets
Debtors: 4 1,395
Cash at bank and in hand: 2,042 697
Total current assets: 3,437 697
Creditors: amounts falling due within one year: 5 ( 1,711 ) ( 1,498 )
Net current assets (liabilities): 1,726 (801)
Total assets less current liabilities: 2,302 ( 80)
Total net assets (liabilities): 2,302 (80)
Members' funds
Profit and loss account: 2,302 ( 80)
Total members' funds: 2,302 (80)

The notes form part of these financial statements

KATWALK KIMBERLEYS CIC

Balance sheet statements

For the year ending 30 May 2020 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 5 November 2020
and signed on behalf of the board by:

Name: Abigail Marie Fields
Status: Director

The notes form part of these financial statements

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

  • 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.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 4 2

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2019 1,639 1,639
Additions
Disposals
Revaluations
Transfers
At 30 May 2020 1,639 1,639
Depreciation
At 31 May 2019 918 918
Charge for year 145 145
On disposals
Other adjustments
At 30 May 2020 1,063 1,063
Net book value
At 30 May 2020 576 576
At 30 May 2019 721 721

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

4. Debtors

2020 2019
£ £
Other debtors 1,395
Total 1,395

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

5. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 480 180
Taxation and social security 932 52
Accruals and deferred income 299 300
Other creditors 966
Total 1,711 1,498

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2020

6. Loans to directors

Name of director receiving advance or credit: Abigail Marie Fields
Description of the transaction:
Loan Advance
£
Balance at 30 May 2019
Advances or credits made: 1,395
Advances or credits repaid:
Balance at 30 May 2020 1,395

COMMUNITY INTEREST ANNUAL REPORT

KATWALK KIMBERLEYS CIC

Company Number: 09062434 (England and Wales)

Year Ending: 30 May 2020

Company activities and impact

The company has managed to secure funding during the year to provide training to recovering addicts to help them back intoemployment in the community

Consultation with stakeholders

Board Members - secure funding to provide trainingCommunity - provides training to lead to employment opportunities in the community

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
5 November 2020

And signed on behalf of the board by:
Name: Abigail Marie Fields
Status: Director