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 2022

Period of accounts

Start date: 31 May 2021

End date: 30 May 2022

KATWALK KIMBERLEYS CIC

Contents of the Financial Statements

for the Period Ended 30 May 2022

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 2022

2022 2021


£
£
Turnover: 73,754 27,329
Cost of sales: ( 7,045 ) ( 5,371 )
Gross profit(or loss): 66,709 21,958
Distribution costs: 0 0
Administrative expenses: ( 116,041 ) ( 58,358 )
Other operating income: 44,848 43,794
Operating profit(or loss): (4,484) 7,394
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 256 ) ( 47 )
Profit(or loss) before tax: (4,740) 7,347
Tax: 0 ( 1,094 )
Profit(or loss) for the financial year: (4,740) 6,253

KATWALK KIMBERLEYS CIC

Balance sheet

As at 30 May 2022

Notes 2022 2021


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 13,183 2,164
Investments:   0 0
Total fixed assets: 13,183 2,164
Current assets
Stocks:   0 0
Debtors: 4 2,283 1,635
Cash at bank and in hand: 687 10,257
Investments:   0 0
Total current assets: 2,970 11,892
Creditors: amounts falling due within one year: 5 ( 12,338 ) ( 5,501 )
Net current assets (liabilities): (9,368) 6,391
Total assets less current liabilities: 3,815 8,555
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,815 8,555
Members' funds
Profit and loss account: 3,815 8,555
Total members' funds: 3,815 8,555

The notes form part of these financial statements

KATWALK KIMBERLEYS CIC

Balance sheet statements

For the year ending 30 May 2022 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 2023
and signed on behalf of the board by:

Name: Abigail Marie Ward
Status: Director

The notes form part of these financial statements

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2022

  • 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 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 13 6

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2021 3,768 0 3,768
Additions 13,575 887 14,462
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 May 2022 17,343 887 18,230
Depreciation
At 31 May 2021 1,604 0 1,604
Charge for year 3,147 296 3,443
On disposals 0 0
Other adjustments 0 0
At 30 May 2022 4,751 296 5,047
Net book value
At 30 May 2022 12,592 591 13,183
At 30 May 2021 2,164 0 2,164

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2022

4. Debtors

2022 2021
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 2,283 1,635
Total 2,283 1,635
Debtors due after more than one year: 0 0

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 6,425 5,203
Accruals and deferred income 960 298
Other creditors 4,953 0
Total 12,338 5,501

KATWALK KIMBERLEYS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2022

6. Loans to directors

Name of director receiving advance or credit: Abigail Marie Ward
Description of the transaction:
Loan Advance
£
Balance at 30 May 2021 1,635
Advances or credits made: 1,508
Advances or credits repaid: 860
Balance at 30 May 2022 2,283

COMMUNITY INTEREST ANNUAL REPORT

KATWALK KIMBERLEYS CIC

Company Number: 09062434 (England and Wales)

Year Ending: 30 May 2022

Company activities and impact

The companies activities have benefited the community, by giving people opportunities and skills to be able to get back in to employment. The company has worked with many recovered/recovering addicts throughout the financial year, make a big impact on the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £35,359.20There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 February 2023

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