for the Period Ended 28 February 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | | |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | 3 | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
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
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 28 February 2023
Basis of measurement and preparation
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2023
Goodwill | Other | Total | |
---|---|---|---|
Cost | £ | £ | £ |
At 1 March 2022 | | | |
Additions | | | |
Disposals | |||
Revaluations | |||
Transfers | |||
At 28 February 2023 | | | |
Amortisation | |||
At 1 March 2022 | | | |
Charge for year | |||
On disposals | |||
Other adjustments | |||
At 28 February 2023 | | | |
Net book value | |||
At 28 February 2023 | | | |
At 28 February 2022 | | | |
SGMart an online platform owned and operated by Sustainable Genius CIC is dedicated to offering distinctive items sourced from local charity shops to both students and the general public. The e-commerce platform (https://sgmart.uk/) which was launched in March 2021, has been instrumental in positively impacting the community throughout the financial year 2022-2023. Here are some of the ways in which Sustainable Genius CIC has contributed to the community during this period:The website interfaces has significantly improved in comparison to what it was last year, offering optimised SEO functionality and communications via social media platform, which in turn has led to an increase in customer engagements on the online platform. The new and improved e-commerce web-platform has successfully been used in demonstrations to prospective partners and general users to come on board the platform. Discussions are still ongoing with local charity shops to work with us.
The company's stakeholders includes potential online shoppers with an interest in reusable products and local charity shops. Verbal consultations were conducted with international students, revealing their interest in purchasing affordable reusable household items. They expressed a strong desire for online retail platforms, particularly in the post-COVID era, to enhance engagement with sustainability-focused organizations.Sustainable Genius CIC received and valued this feedback, prompting proactive measures. The organisation is currently seeking ways to diversify its services and take maximum advantage of its digital platforms and online content, including the website and social media channels to appeal and suit the needs of its today's customers and build on ways sustainability can be imprinted in the heart of everything we do for our online SGMART shoppers.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 November 2023
And signed on behalf of the board by:
Name: David Anowu
Status: Director