REJEAN DENIM CIC

Company limited by guarantee

Company Registration Number:
SC703937 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2022

Period of accounts

Start date: 12 July 2021

End date: 31 July 2022

REJEAN DENIM CIC

Contents of the Financial Statements

for the Period Ended 31 July 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

REJEAN DENIM CIC

Balance sheet

As at 31 July 2022

Notes 13 months to 31 July 2022


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,125
Investments:   0
Total fixed assets: 1,125
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 5,010
Investments:   0
Total current assets: 5,010
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 4,766 )
Net current assets (liabilities): 244
Total assets less current liabilities: 1,369
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 1,369
Members' funds
Profit and loss account: 1,369
Total members' funds: 1,369

The notes form part of these financial statements

REJEAN DENIM CIC

Balance sheet statements

For the year ending 31 July 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.

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 2 November 2023
and signed on behalf of the board by:

Name: Siobhan McKenna
Status: Director

The notes form part of these financial statements

REJEAN DENIM CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:Plant and machinery: 25% reducing balance

REJEAN DENIM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2022

  • 2. Employees

    13 months to 31 July 2022
    Average number of employees during the period 1

REJEAN DENIM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,500 1,500
Disposals
Revaluations
Transfers
At 31 July 2022 1,500 1,500
Depreciation
Charge for year 375 375
On disposals
Other adjustments
At 31 July 2022 375 375
Net book value
At 31 July 2022 1,125 1,125

REJEAN DENIM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2022

4. Creditors: amounts falling due within one year note

13 months to 31 July 2022
£
Accruals and deferred income 4,766
Total 4,766

COMMUNITY INTEREST ANNUAL REPORT

REJEAN DENIM CIC

Company Number: SC703937 (Scotland)

Year Ending: 31 July 2022

Company activities and impact

ReJean exists primarily to benefit Planet Earth through the utilisation of textile waste in our products as well as upskilling the community and educating the wider group on issues of sustainability in fashion. Each ReJean jacket can use up to 4 pairs of second hand jeans and using other parts of discarded denim in our wider product range has led to a direct saving, to date, of over 1000kg of denim from landfill. The brand and products of ReJean have indirectly led to buyers re-evaluating their relationship with clothing. We have run over 10 mending workshops in 2022 with over 150 attendees teaching new skills while at the same time educating individuals on the value of clothing. As the attendees work on and develop these skills it will enable a more resourceful and value driven approach to clothing already in-wardrobe and prevent further textiles from going to landfill. An indirect impact of our workshops, talks and messaging is greater awareness of the damage of the current fashion system. This type of engagement will have a wider impact on patterns of behaviour and consumption. As a young brand with a lot to do we will look to measure our future direct and indirect impact of our activities in a more structured and organised manner. We did manage to receive some feedback from workshop attendees and customers on our environmental and social impact.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £7,500.There were no other transactions or arrangements in connection wiht the remuneration of diretors, 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
2 November 2023

And signed on behalf of the board by:
Name: Siobhan McKenna
Status: Director