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Company limited by guarantee

Company Registration Number:
10586049 (England and Wales)

Unaudited statutory accounts for the year ended 30 January 2024

Period of accounts

Start date: 31 January 2023

End date: 30 January 2024

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Contents of the Financial Statements

for the Period Ended 30 January 2024

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

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Directors' report period ended 30 January 2024

The directors present their report with the financial statements of the company for the period ended 30 January 2024

Directors

The directors shown below have held office during the whole of the period from
31 January 2023 to 30 January 2024

Sonya Proctor-Shaw
Jean Miller
Matthew Richard Jackson


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
30 October 2024

And signed on behalf of the board by:
Name: Sonya Proctor-Shaw
Status: Director

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Profit And Loss Account

for the Period Ended 30 January 2024

2024 2023


£

£
Turnover: 17,721 28,702
Cost of sales: ( 7,300 ) ( 14,021 )
Gross profit(or loss): 10,421 14,681
Distribution costs: 0 0
Administrative expenses: ( 9,061 ) ( 13,562 )
Operating profit(or loss): 1,360 1,119
Profit(or loss) before tax: 1,360 1,119
Profit(or loss) for the financial year: 1,360 1,119

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Balance sheet

As at 30 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 995 1,327
Total fixed assets: 995 1,327
Current assets
Stocks:   0 0
Debtors: 4 149,064 129,530
Cash at bank and in hand: 361 1,866
Investments:   0 0
Total current assets: 149,425 131,396
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 79,659 ) ( 64,390 )
Net current assets (liabilities): 69,766 67,006
Total assets less current liabilities: 70,761 68,333
Creditors: amounts falling due after more than one year: 6 ( 62,002 ) ( 62,001 )
Provision for liabilities: ( 1,330 ) 0
Total net assets (liabilities): 7,429 6,332
Members' funds
Profit and loss account: 7,429 6,332
Total members' funds: 7,429 6,332

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 January 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 30 October 2024
and signed on behalf of the board by:

Name: Sonya Proctor-Shaw
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 January 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

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Notes to the Financial Statements

for the Period Ended 30 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

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Notes to the Financial Statements

for the Period Ended 30 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 January 2023 1,075 6,116 7,191
Additions
Disposals
Revaluations
Transfers
At 30 January 2024 1,075 6,116 7,191
Depreciation
At 31 January 2023 884 4,980 5,864
Charge for year 48 284 332
On disposals
Other adjustments
At 30 January 2024 932 5,264 6,196
Net book value
At 30 January 2024 143 852 995
At 30 January 2023 191 1,136 1,327

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Notes to the Financial Statements

for the Period Ended 30 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 149,064 129,530
Total 149,064 129,530

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Notes to the Financial Statements

for the Period Ended 30 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 8,034 8,034
Trade creditors 3,024 0
Taxation and social security 272 129
Other creditors 68,329 56,227
Total 79,659 64,390

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Notes to the Financial Statements

for the Period Ended 30 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 62,002 62,001
Total 62,002 62,001

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Notes to the Financial Statements

for the Period Ended 30 January 2024

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
initial investment
£
Balance at 30 January 2023 56,227
Advances or credits made: 12,102
Advances or credits repaid:
Balance at 30 January 2024 68,329

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 10586049 (England and Wales)

Year Ending: 30 January 2024

Company activities and impact

We have provided local communities and individuals a low cost alternative to loan sharks, pay day loan companies and high cost rent to by stores by offering up to 12 interest free repayments on household essentials such as appliances and furniture. We have helped a number of local communities and individuals by offering our service and working with local community groups and centres. This has helped people reduce their high debt and increase their surplus money.

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
30 October 2024

And signed on behalf of the board by:
Name: Sonya Proctor-Shaw
Status: Director