CHOP VALUE (LIVERPOOL) CIC

Company limited by guarantee

Company Registration Number:
13838641 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

CHOP VALUE (LIVERPOOL) CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CHOP VALUE (LIVERPOOL) CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Recycling chopsticks to make new products.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Mr Thomas Davies
Mr Liam Davies
Mr Ian Moore
Mr Neil Sang


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
19 March 2024

And signed on behalf of the board by:
Name: Mr Neil Sang
Status: Director

CHOP VALUE (LIVERPOOL) CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 123,522 ) ( 76,157 )
Operating profit(or loss): (123,522) (76,157)
Interest receivable and similar income: 3
Profit(or loss) before tax: (123,519) (76,157)
Profit(or loss) for the financial year: (123,519) (76,157)

CHOP VALUE (LIVERPOOL) CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 126,677 96,063
Investments:   0 0
Total fixed assets: 126,677 96,063
Current assets
Stocks: 4 15,005 8,261
Debtors: 5 27,532 21,403
Cash at bank and in hand: 20,895 35,117
Investments:   0 0
Total current assets: 63,432 64,781
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 389,785 ) ( 237,001 )
Net current assets (liabilities): (326,353) (172,220)
Total assets less current liabilities: (199,676) ( 76,157)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (199,676) (76,157)
Members' funds
Profit and loss account: (199,676) ( 76,157)
Total members' funds: ( 199,676) (76,157)

The notes form part of these financial statements

CHOP VALUE (LIVERPOOL) CIC

Balance sheet statements

For the year ending 31 December 2023 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.

This report was approved by the board of directors on 19 March 2024
and signed on behalf of the board by:

Name: Mr Neil Sang
Status: Director

The notes form part of these financial statements

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 0

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 128,084 0 128,084
Additions 51,336 21,504 72,840
Disposals
Revaluations
Transfers
At 31 December 2023 179,420 21,504 200,924
Depreciation
At 1 January 2023 32,021 0 32,021
Charge for year 36,850 5,376 42,226
On disposals
Other adjustments
At 31 December 2023 68,871 5,376 74,247
Net book value
At 31 December 2023 110,549 16,128 126,677
At 31 December 2022 96,063 0 96,063

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 15,005 8,261
Total 15,005 8,261

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Other debtors 27,532 21,403
Total 27,532 21,403

CHOP VALUE (LIVERPOOL) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 76 1,255
Taxation and social security 2,458
Other creditors 387,251 235,746
Total 389,785 237,001

COMMUNITY INTEREST ANNUAL REPORT

CHOP VALUE (LIVERPOOL) CIC

Company Number: 13838641 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

We have been building our number of collection partners (Asian restaurants) and have now saved approximately 5 million chopsticks from ending up in landfills. We have employed two people locally, in a general manager position and a production lead who is in charge of making our products. Moving forward we are trying to build sales, and as we do, we'll be able to employ more people. Sales also equal impact. Should we sell products from all our 5 million chopsticks currently collected we would generate 250,000kgs of carbon emissions savings,

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 April 2024

And signed on behalf of the board by:
Name: Mr Neil Sang
Status: Director