for the Period Ended 31 December 2022
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 13 months to 31 December 2022 | ||
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| £ | ||
Fixed assets | |||
Intangible assets: | | ||
Tangible assets: | 3 | | |
Investments: | | ||
Total fixed assets: | | ||
Current assets | |||
Stocks: | 4 | | |
Debtors: | | ||
Cash at bank and in hand: | | ||
Investments: | | ||
Total current assets: | | ||
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | | ||
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Creditors: amounts falling due after more than one year: | | ||
Provision for liabilities: | | ||
Accruals and deferred income: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
for the Period Ended 31 December 2022
13 months to 31 December 2022 | ||
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Average number of employees during the period | |
for the Period Ended 31 December 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2022 | | | ||||
Depreciation | ||||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2022 | | | ||||
Net book value | ||||||
At 31 December 2022 | | |
for the Period Ended 31 December 2022
13 months to 31 December 2022 | ||
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£ | ||
Stocks | | |
Payments on account | | |
Total | |
Wee Chance runs pop up stores selling second hand baby clothes from specific sustainable brands. The company also runs a free donated clothing collection service for the community and re-sells the donations or passes them on to charity. In 2022, Wee Chance ran 4 pop up store events. These pop up stores benefited the community in the following ways:- Provided the community access to affordable second hand baby clothing from sustainable brands.- The stores ran as community events with activities for kids in the store, as well as retail. Parents were arriving in groups and would then going on for lunch or coffee in the centre. - Partnered with other local businesses, for example a soft play company built a soft play area at the front of the store, which provided an area for parents and kids to relax for free.- Partnered with local charities e.g. NCT Edinburgh, providing a service to their members and an easy way to sustainably buy and donate baby clothes.- From a sustainability perspective Wee Chance sourced over 1300 items of second hand clothing and sold 755 items of stock.- Provided an opportunity for parents to speak about sustainability and ask questions on the reality of the baby clothing industry.- Offered volunteer opportunities to 10+ people, who had the opportunity to give back to the community.
Wee Chance’s stakeholders are residents of Edinburgh, specifically parents and carers for babies and toddlers. The directors of the company have lived in area for a number of years and developed the business model based on market research speaking to the local community.During the pop up events, the volunteers asked how people had heard about Wee Chance and what they were looking for when it came to sustainability in baby clothes. This allowed the company to tailor its business plan and form stronger partnerships.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
6 October 2023
And signed on behalf of the board by:
Name: Laura Kerr
Status: Director