for the Period Ended 31 October 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 31 October 2023
Principal activities of the company
Directors
The director shown below has held office during the period of
31 October 2022 to 31 October 2023
The directors shown below have held office during the whole of the period from
20 May 2022 to 31 October 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
17 months to 31 October 2023 | ||
---|---|---|
| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | |
As at
Notes | 17 months to 31 October 2023 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | ||
Current assets | |||
Stocks: | 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: | | ||
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 31 October 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 October 2023
17 months to 31 October 2023 | ||
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Average number of employees during the period | |
for the Period Ended 31 October 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 October 2023 | | | | |||
Depreciation | ||||||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 October 2023 | | | | |||
Net book value | ||||||
At 31 October 2023 | | | |
for the Period Ended 31 October 2023
17 months to 31 October 2023 | ||
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£ | ||
Stocks | | |
Total | |
for the Period Ended 31 October 2023
17 months to 31 October 2023 | ||
---|---|---|
£ | ||
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | |
Kintyre Weigh in Campbeltown, is the Kintyre peninsula's first zero waste/refill shop. We are a social enterprise. We want to make a real difference to our community, our economy, our environment, and our kids' future. We opened in December 2022. Our shop sells foodstuffs & household products by weight, with customers bringing their own containers (though we also provide donated containers, pa-per bags, and offer some re-useable containers for purchase if preferred). We have also been researching customer interest in other plastic-free/re-useable products.According to Zero Waste Scotland, the average Scottish household buys 130kg of single-use grocery packaging each year, at a cost of almost £250 (7% of the average grocery bill) and 70% of the UK’s food waste happens in households. Kintyre Weigh not only benefits the community by cutting down on rubbish creation, collection and processing, it also supports those on a low income by removing packaging costs and allowing them to buy just the amounts they need. Our records show that from opening until 23/9/2023, we have sold over 1160kg of loose foods, and over 564 litres of household liquids. If we say that the average supermarket package purchase is 500g and the average bottle is 500ml, then we could say that the sending of over 3450 items of single use packaging to landfil has been avoided. Of course, considering products often come in 2 layers of pack-aging (eg a plastic bag inside a cardboard box) it will in fact be a lot more than that. We have sold 66 of a small experimental stock of plastic-free toothcare products. We have also sold 542 eco-products and gifts, all of which are plant-based and/or plastic free.As a coastal community, we are very aware not only of the plastic waste that washes up on our beaches, but also, as one of 9 Scottish Climate Action Towns, we are facing a very real threat from rising sea levels. Kintyre Weigh wants to give people a space to be part of the conversation about these issues and a way to make manageable, everyday changes for a better future. Achievements in our first year open:- we were accepted for 3 different pots of start-up funding, as well as the Accelerate programme which provides advice and support for new social enterprises- going on the advice of other similar shops, we have now established a regular food/household liquids stock base and continue to adjust it based on customer feedback- we have experimented with selling eco-products on an experimental basis, with small numbers of items and observing what is selling and what isn’t, with the aim of confirming base stock later- we created a “community corner” in the shop that includes comfy seating, a community noticeboard, an educational noticeboard, a free book swap, and local leaflets, and we are promoting this as a place people can drop in to chat or rest, without the need to buy anything. - we have offered locals the option of “adding their order to ours”, which is becoming increasingly popular as a way of enabling customers to access items we don’t yet stock on the shop floor - more info here: https://kintyreweigh.wordpress.com/how-to-add-your-own-order-to-ours/- in setting up, we have prioritised accessing local tradesfolk, buying what we can from local Campbel-town businesses (eg our community corner furniture from Preloved to Reloved, our printing from Keep-ing it Local) and a Helensborough zero waste/refill shop that needed to close- we have provided a “help yourself” container bin, where our customers provide each other with free washed containers of all descriptions, cutting down on the need for household recycling, and enabling anyone who drops into the shop to make purchases even if they didn’t come prepared - we have expanded our volunteers, so that by the end of our first year, we had 7 volunteers including 2 directorsKintyre Weigh in Campbeltown, is the Kintyre peninsula's first zero waste/refill shop. We are a social enterprise. We want to make a real difference to our community, our economy, our environment, and our kids' future. We opened in December 2022. Our shop sells foodstuffs & household products by weight, with customers bringing their own containers (though we also provide donated containers, paper bags, and offer some re-useable containers for purchase if preferred). We have also been researching customer interest in other plastic-free/re-useable products.According to Zero Waste Scotland, the average Scottish household buys 130kg of single-use grocery packaging each year, at a cost of almost £250 (7% of the average grocery bill) and 70% of the UK’s food waste happens in households. Kintyre Weigh not only benefits the community by cutting down on rubbish creation, collection and processing, it also supports those on a low income by removing packaging costs and allowing them to buy just the amounts they need. Our records show that from opening until 23/9/2023, we have sold over 1160kg of loose foods, and over 564 litres of household liquids. If we say that the average supermarket package purchase is 500g and the average bottle is 500ml, then we could say that the sending of over 3450 items of single use packaging to landfil has been avoided. Of course, considering products often come in 2 layers of packaging (eg a plastic bag inside a cardboard box) it will in fact be a lot more than that. We have sold 66 of a small experimental stock of plastic-free toothcare products. We have also sold 542 eco-products and gifts, all of which are plant-based and/or plastic free.As a coastal community, we are very aware not only of the plastic waste that washes up on our beaches, but also, as one of 9 Scottish Climate Action Towns, we are facing a very real threat from rising sea levels. Kintyre Weigh wants to give people a space to be part of the conversation about these issues and a way to make manageable, everyday changes for a better future. Achievements in our first year open:- we were accepted for 3 different pots of start-up funding, as well as the Accelerate programme which provides advice and support for new social enterprises- going on the advice of other similar shops, we have now established a regular food/household liquids stock base and continue to adjust it based on customer feedback- we have experimented with selling eco-products on an experimental basis, with small numbers of items and observing what is selling and what isn’t, with the aim of confirming base stock later- we created a “community corner” in the shop that includes comfy seating, a community noticeboard, an educational noticeboard, a free book swap, and local leaflets, and we are promoting this as a place people can drop in to chat or rest, without the need to buy anything. - we have offered locals the option of “adding their order to ours”, which is becoming increasingly popular as a way of enabling customers to access items we don’t yet stock on the shop floor - more info here: https://kintyreweigh.wordpress.com/how-to-add-your-own-order-to-ours/- in setting up, we have prioritised accessing local tradesfolk, buying what we can from local Campbeltown businesses (eg our community corner furniture from Preloved to Reloved, our printing from Keeping it Local) and a Helensborough zero waste/refill shop that needed to close- we have provided a “help yourself” container bin, where our customers provide each other with free washed containers of all descriptions, cutting down on the need for household recycling, and enabling anyone who drops into the shop to make purchases even if they didn’t come prepared - we have expanded our volunteers, so that by the end of our first year, we had 7 volunteers including 2 directors- a couple of our volunteers have now used their experience with us, to move onto starting a local business for themselves, and we continue to share our learning experience with them to assist with this- we have had two of Inspiralba’s new trainees placed with us two days a week, to assist them in gaining customer experience and confidence for their Household Resilience Team advice roles- we have participated in Plastic Free July and World Refill Day with education and special offers- we have supported/promoted/attended community events such as... the Winter Gathering (in the SKDT Hall where people could drop in for energy saving advice), the showing of the Oil Machine and Fashion Reimagined films at the Campbeltown Picture House, both stimulating discussion of sustainable alternatives to the status quo, and a Campbeltown face-to-face & online event with guest speaker arctic explorer Bob Shepton, as part the Novara Icebreaker sailboat coming to town (www.novara.world)- Kintyre Weigh is a founding member of the new monthly Campbeltown Action Network (CAN), a forum for groups/individuals/projects working to make Campbeltown more healthy, resilient, inclusive, and environmentally sustainable to come together to pool info, ideas and co-operation, and to carry forward the aims of Campbeltown’s Community Action Plan for 2022-2027. Recent projects supported by CAN included warm hub days, and a soon to commence repair cafe, plus training days for the CAN members including from Climate Action Towns, and a recent day delivered by Zero Waste Scotland- We have also reached out to regional networks, educating ourselves with the assistance of Architecture & Design Scotland: Climate Action Towns, and Scottish Climate Action Network, and joining the Highlands and Islands Climate Hub and the Argyll and Bute Campbeltown Action Network. - we are forging new closed loop (where the same container is reused by being returned for refill) partnerships, for example having commenced a partnership with the UK’s only closed loop olive oil supplier, found here: www.aeithalis.co.uk and even more excitingly, having pioneered Argyll Coffee Roasters’ first closed loop arrangement for coffee bean delivery, which we launched on June 16 2023 World Refill Day, with coverage by the Campbeltown Courier.
Our stakeholders are residents of Kintyre and visitors to the area, as well as local craftsfolk. Two of the directors of the shop have lived in the area for several years and have developed the business model of the shop based on their experience of talking to other residents and visitors, and then continued to do so based on conversations and online interaction with customers. While we were setting up Kintyre Weigh we offered an online survey to potential customers, and received over 60 responses, which enabled us to understand how best we could engage with their shopping priorities and needs. For example we found our customers needed us to prioritise “affordable” over “organic”, and therefore we have only stocked organic products (which it does benefit the environment to support) where the price is fairly comparable to non-organic.On an ongoing basis we offer a comments form on our website and log verbal feedback in our shop diary, and we share these comments here: https://kintyreweigh.wordpress.com/what-folks-are-saying/In year 2 of opening, we will be putting out three surveys to consult our stakeholders – one for current customers, one for previous customers, and one for our volunteers, on paper to be more accessible.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 February 2024
And signed on behalf of the board by:
Name: Sharyn Lock
Status: Director