for the Period Ended 31 August 2024
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 August 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 2024
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
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Creditors: amounts falling due after more than one year: | 6 |
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(
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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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 August 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 August 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 August 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 September 2023 |
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Additions | ||||||
Disposals |
(
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(
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Revaluations | ||||||
Transfers | ||||||
At 31 August 2024 |
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Depreciation | ||||||
At 1 September 2023 |
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Charge for year |
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On disposals |
(
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(
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Other adjustments | ||||||
At 31 August 2024 |
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Net book value | ||||||
At 31 August 2024 |
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At 31 August 2023 |
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for the Period Ended 31 August 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 August 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Other creditors |
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Total |
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for the Period Ended 31 August 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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The company ran a retail shop called Renew until 31 January 2024, a gift store in the High Street with a particular emphasis on selling goods made from recycled materials . Renew also offered courses to adults and children, community printing services and room hire. The business started to operate in December 2021. During the financial year 2023-2024, the company's activities have benefited the community in the following ways: it has provided residents and visitors with an easy way of purchasing eco goods to support sustainable life styles - bringing a different choice to the High Street. it has provided numerous courses and educational opportunities for the community- adults and children the community printing service has been very well received and supported individuals and organisations our rooms have been well used by community groups. we employed 4 staff members on a part time basis and offered work experience placement to young people and developed a local volunteering team. Up until the closure of the shop we have given many opportunities for local people to sell their recycled products in the shop
The companys stakeholders are residents of and visitors to Malmesbury, and local producers of recycled products in the surrounding area. The directors of the company have lived in Malmesbury for a number of years and developed the business model for the shop based on their experience of talking to residents. Up until the closure of the shop we regularly consulted our customers when they were in the shop and keep a log of suggestions to be actioned. We also have volunteer meetings and steering committee meetings which enable us to harness suggestions from the staff team and key community members who we have invited onto the steering committee. We consult the community about our course offer through social media.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
20 September 2024
And signed on behalf of the board by:
Name: Margaret Lamb
Status: Director