RELIC PLASTIC CIC

Company limited by guarantee

Company Registration Number:
11852592 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

RELIC PLASTIC CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

RELIC PLASTIC CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

Martin Paley


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
25 September 2024

And signed on behalf of the board by:
Name: Martin Paley
Status: Director

RELIC PLASTIC CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 132,441 100,426
Cost of sales: ( 19,902 ) ( 12,103 )
Gross profit(or loss): 112,539 88,323
Administrative expenses: ( 107,757 ) ( 97,703 )
Operating profit(or loss): 4,782 (9,380)
Profit(or loss) before tax: 4,782 (9,380)
Tax: 1,320 0
Profit(or loss) for the financial year: 6,102 (9,380)

RELIC PLASTIC CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,713 17,186
Total fixed assets: 11,713 17,186
Current assets
Debtors: 4 10,505 8,057
Cash at bank and in hand: 8,615 5,137
Total current assets: 19,120 13,194
Creditors: amounts falling due within one year: 5 ( 6,612 ) ( 7,051 )
Net current assets (liabilities): 12,508 6,143
Total assets less current liabilities: 24,221 23,329
Accruals and deferred income: ( 5,210 )
Total net assets (liabilities): 24,221 18,119
Members' funds
Profit and loss account: 24,221 18,119
Total members' funds: 24,221 18,119

The notes form part of these financial statements

RELIC PLASTIC CIC

Balance sheet statements

For the year ending 29 February 2024 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 25 September 2024
and signed on behalf of the board by:

Name: Martin Paley
Status: Director

The notes form part of these financial statements

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 4 years Fixtures & fittings 4 years

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 7

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 32,446 32,446
Additions 1,920 1,920
Disposals
Revaluations
Transfers
At 29 February 2024 34,366 34,366
Depreciation
At 1 March 2023 15,260 15,260
Charge for year 7,393 7,393
On disposals
Other adjustments
At 29 February 2024 22,653 22,653
Net book value
At 29 February 2024 11,713 11,713
At 28 February 2023 17,186 17,186

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 8,005 5,557
Other debtors 2,500 2,500
Total 10,505 8,057

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 315
Taxation and social security 5,696 4,207
Accruals and deferred income 260 600
Other creditors 341 2,244
Total 6,612 7,051

COMMUNITY INTEREST ANNUAL REPORT

RELIC PLASTIC CIC

Company Number: 11852592 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company is intended to serve the Lancaster area, including (but not exclusive to) Lancaster City, Lancaster University, Morecambe and surrounding villages. Following our establishment, we undertook many outreach activities locally to help educate people about the problem and potential that plastic waste represents in line with our mission. We also recycle more plastic by creating more products from ‘waste’ plastic and educating people via these products. Outreach activities include: Outreach and Engagement Events (all ages) Regular volunteer dates on site At least 2x Volunteer dates at Heysham Library At least 5x Volunteer dates at The Bay: A blueprint for recovery At least 5x Volunteer dates at the Sustainability Hub in Lancaster DT presentation at QES National festival of making weekend long workshop Eden Project North community conversations Social value meeting with LCC Eco-I event FunPalace Lancaster Centre Library, Garstang Library Hosted an open house where more than 60 people attended for a tour and information about how our foundry works LCC Community wealth building meetings LEP SME Manufacturing focus group DT Teacher Training Workshop Quarterly Market, Lancaster Supporting Local People Hosted student work placements from local schools Provided traceable waste collection service and local drop-off points for people's recyclable material. Hosted volunteers Hosted monthly Plastic Bottle Top Sorting Parties Provided training and Foundry tours to local individuals, groups and businesses Supporting and Interacting with UK Businesses and Organisations Meetings, partnerships and future project planning with: Eden Project North, Centre for Global Eco-Innovation, FoodFutures/LESS CIC, Lancaster Uni, DecoPublique and Festival of Making, Plastic Packaging in People’s Lives (PPIPL), The Bay: A blueprint for recovery, Dont Ditch it Donate It (DDIDI), Green Lancaster, Staniforth Knives, Lancaster County Council, Lancashire County Council, Lancaster and Morecambe College, REF/USE Lab, Mull, Are You Mad, Lappet Dye House, Ethical Small Trade Association (ESTA), Lancashire Chamber of Commerce, Nelson High School Makers, Bay Film Festival, LICA, The Making Rooms Blackburn, KCut, BM Steel, Groundswell Innovation, Orea, Allday Knives, Wild & Sea, North Sea Rejects, Imprint Works, and the Surface Design Show. Supporting the Global Precious Plastic Community Purchased recycling equipment from a machine manufacturing team in the UK which is affiliated with the Precious Plastic community. Advised and mentored several UK precious plastic teams in the start-up phase - this is something we do continually to try and expand the number and scope of the UK teams at work in the sector. Regular UK Precious Plastic community collaboration and support Purchased moulds from mould makers affiliated with the Precious Plastic community In short, Relic Plastic CIC has provided, and continues to provide many educational opportunities, product development and distribution collaborations and employment opportunities to both people in the local geographic community as well as people and businesses in the global small-scale plastic recycling community.

Consultation with stakeholders

Local Citizens Citizens have been consulted to raise awareness of Relic Plastic, its aims and the wider plastic issue. Connections with schools, community groups and organisations, as well as the plastic bottle top project has kept us in conversation with individuals looking to develop local knowledge and better recycling systems. Local businesses/organisations We have had a lot of consultation with university partners regarding research projects. We continued to develop a local recycling system with Ethical Small Trade Association members, local businesses, and organisations. Customers and Partnerships We have consulted customers and potential customers of products we make and services we can which has led to successfully launching new products including a website for retail sale and developing our wholesale and contract manufacturing relationships. These consultations have been carried out as focus groups where customers can get hands-on with the product and detailed feedback captured. Informal consultations with waste partners such as Checkpoint Safety regarding the waste we can take from them, how we can offer better services, what plastics are usually wasted and how we can embed a circular design system into the process whereby "waste' becomes a new product used by the same company. International Precious Plastic community The wider Precious Plastic community is generally consulted informally through different channels such as social media, email and messages. The majority of consultation and actions surround the machinery we use and techniques, better enabling the ability to recycle plastic effectively and offer unique products for people to realise the potential of recycled plastic. Products sold: We sold over 20,000 products crafted from plastic material for our clients (including Allday Knives, Orea,Yod & Co, North Sea Rejects, Wild and Sea, Carringtons Coffee, Ecotribo, Imprint Works, Are You Mad, EVAs, Bay Film Festival, Brew ,Groundswell Innovation ) and direct to consumer. But more importantly - thousands of people engaged in recycling via the messaging with each product now in their hands. We developed our sheet press offerings, making 200 sheets sheets, trapping over 4 tonnes of plastic in a longer lasting sheet of plastic to save it from landfill or incineration and began making upcycled furniture using old metal frames from furniture.

Directors' remuneration

All details of Director's remuneration are detailed in our accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 September 2024

And signed on behalf of the board by:
Name: Martin Paley
Status: Director