for the Period Ended 30 June 2023
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2023
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 July 2022 to 30 June 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2023 | 13 months to 30 June 2022 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Accruals and deferred income: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Total Shareholders' 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 30 June 2023
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 June 2023
2023 | 13 months to 30 June 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 June 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2022 | | | | |||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2023 | | | | |||
Depreciation | ||||||
At 1 July 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 30 June 2023 | | | | |||
Net book value | ||||||
At 30 June 2023 | | | | |||
At 30 June 2022 | | | |
for the Period Ended 30 June 2023
13 months to 30 June 2022 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
Below are our short and medium goals for Upcycled Glass Company CIC. We are simply building a workshop and installing equipment and services in this financial year. The money in our account was raised through crowdfunding and will be carried forward into 2022-2023 to pay for the workshop build, equipment, and installation of services. *Glassblowing has been added to the ‘critically endangered’ category of the Heritage Crafts Association, mainly because the costs of running a workshop have become simply too expensive for existing SMEs and new start-ups. *UGC hopes to begin trading in the financial year 2022-2023. We are developing lots of exciting ideas and products which will be launched over the next few years. From environmentally friendly products to low-emission glassmaking equipment, UGC will be instrumental in creating a new way of working, with an environmentally and financially sustainable business model within the innovative local circular economy we are the community will benefit from a reduction in waste in the area. There is a major ecological problem in that, unlike container glass, end-of-life building glass cannot be recycled into glass products. Our community interest company will melt end-of-life building glass and process it into high-value art, design, and production glass currently valued at per tonne, and exclusively imported from the EU. There is no UK supplier of high-value glass. The natural ingredients we need to process the waste glass will be harvested on Brimpts Farm using methods and processes we have found in historical documentation and manuscripts dating from before the Industrial Revolution. This process uses bracken from Dartmoor, turning a nuisance to farmers into a valuable saleable material. As an added environmental impact, the sustainable removal of Bracken will naturally create new wildflower meadows. *Once we have proved our process, we will work to duplicate this methodology across the UK, kick-starting start-ups and a new sustainable glass sector. *Local people will benefit from the ability to attend courses and workshops designed to teach the endangered skill of glassblowing alongside new digital design technologies, which will transform these 'outdated' processes into the modern sustainable methods needed to tackle the environmental crisis. EK-forces, police, and the regional general public will benefit as our courses will also include well-being and mental health modules to aid in recovery or management of PTSD and behavioral disorders. *Regional glassmakers will benefit, as they will have an affordable place to hire to make work and train under the guidance of internationally known designers, glassmakers, and qualified teachers.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
20 November 2023
And signed on behalf of the board by:
Name: Mr Ian Hankey
Status: Director