for the Period Ended 30 June 2023
Directors report | |
Profit and loss | |
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 directors shown below have 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
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
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: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | ||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | ( |
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
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
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 June 2023
2023 | 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
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Other creditors | | |
Total | | |
Support for Artists & Designers in ScotlandWe support over 320 artists and designers from our Edinburgh and Glasgow stores. We work with the artists and designers to help develop their products, working on branding, pricing, product sustainability, marketing, and social media. The artist rent a space within our store for an affordable fixed fee, which covers our costs for running the stores with any profits reinvested to support the artists and to run our social & charitable projects. The artists keep 100% of the sale of their products. We have paid out over £4m to the artists we work with since 2015, which not only supports the artists, but also supports the local economy.Support for Charities & Social enterprises We provide social enterprises and charities with a free space to sell products, to help them raise funds towards their projects. As well as a free space within our store, we provide support and advice on how to develop their products to raise funds.Napier University Mentorship ProgrammeWe run a yearly mentorship programme with Product Design Students from Napier University. The students work with our CEO for 3 months to create a new product from design to manufacturing. We meet weekly to discuss the sustainability of the product, the materials to use, the manufacturing and sale price, branding and marketing. Once the product has been made, the students get a free space within the store for one month to sell their product.Free art classes at YMCA Edinburgh We run free art classes at the YMCA Edinburgh in Leith. The YMCA work within an area of deprivation. Our art classes are currently running for their women’s group every Wednesday. We provide all the materials for the classes and pay an artist to run the classes. We will run free art classes for kids with the YMCA during the school holidays this year, these classes were put on hold over the last two years due to covid.Art Bank We run an Art Bank where we collect art supplies and materials from the 320 artists we work with and from call outs to the public. We donate the supplies to charities, schools, and social enterprise projects to run art classes. As budgets are cut for the arts, schools are finding it difficult to support the arts, with many Teachers using their own money to purchase materials for art projects. We started the Art Bank to collect materials that would have otherwise been likely put into landfill, to help Schools and Charities access good quality art supplies. This year we have teamed up with Cass Art, to increase what we can supply from the art bank. We now have a large selection of supplies in Edinburgh and will create a similar size Art Bank in Glasgow, to help more charities run art classes.
No consultation with stakeholders
Total directors remuneration for the period is £37,432.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 March 2024
And signed on behalf of the board by:
Name: Lynzi Leroy
Status: Director