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 2021

Period of accounts

Start date: 31 May 2020

End date: 30 May 2021

KATWALK KIMBERLEYS CIC

Contents of the Financial Statements

for the Period Ended 30 May 2021

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 2021

2021 2020


£
£
Turnover: 27,329 6,819
Cost of sales: ( 5,371 ) ( 1,384 )
Gross profit(or loss): 21,958 5,435
Administrative expenses: ( 58,358 ) ( 9,169 )
Other operating income: 43,794 6,521
Operating profit(or loss): 7,394 2,787
Interest payable and similar charges: ( 47 )
Profit(or loss) before tax: 7,347 2,787
Tax: ( 1,094 ) ( 405 )
Profit(or loss) for the financial year: 6,253 2,382

KATWALK KIMBERLEYS CIC

Balance sheet

As at 30 May 2021

Notes 2021 2020


£
£
Fixed assets
Tangible assets: 3 2,164 576
Total fixed assets: 2,164 576
Current assets
Debtors: 4 1,635 1,395
Cash at bank and in hand: 10,257 2,042
Total current assets: 11,892 3,437
Creditors: amounts falling due within one year: 5 ( 5,501 ) ( 1,711 )
Net current assets (liabilities): 6,391 1,726
Total assets less current liabilities: 8,555 2,302
Total net assets (liabilities): 8,555 2,302
Members' funds
Profit and loss account: 8,555 2,302
Total members' funds: 8,555 2,302

The notes form part of these financial statements

KATWALK KIMBERLEYS CIC

Balance sheet statements

For the year ending 30 May 2021 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 23 February 2022
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 2021

  • 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 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 6 4

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2020 1,639 1,639
Additions 2,129 2,129
Disposals
Revaluations
Transfers
At 30 May 2021 3,768 3,768
Depreciation
At 31 May 2020 1,063 1,063
Charge for year 541 541
On disposals
Other adjustments
At 30 May 2021 1,604 1,604
Net book value
At 30 May 2021 2,164 2,164
At 30 May 2020 576 576

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2021

4. Debtors

2021 2020
£ £
Other debtors 1,635 1,395
Total 1,635 1,395

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2021

5. Creditors: amounts falling due within one year note

2021 2020
£ £
Trade creditors 480
Taxation and social security 5,203 932
Accruals and deferred income 298 299
Total 5,501 1,711

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2021

6. Loans to directors

Name of director receiving advance or credit: Abigail Marie Fields
Description of the transaction:
Loan Advance
£
Balance at 30 May 2020 1,395
Advances or credits made: 240
Advances or credits repaid:
Balance at 30 May 2021 1,635

COMMUNITY INTEREST ANNUAL REPORT

KATWALK KIMBERLEYS CIC

Company Number: 09062434 (England and Wales)

Year Ending: 30 May 2021

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

Directors SalariesMs A M Fields received remuneration in the period totalling £24, 741.10

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 February 2022

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