for the Period Ended 29 February 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 29 February 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 March 2023
to
29 February 2024
The director shown below has held office during the period of
10 May 2023
to
29 February 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 | 13 months to 28 February 2023 | |
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 13 months to 28 February 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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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: | 4 |
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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: |
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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 29 February 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 29 February 2024
2024 | 13 months to 28 February 2023 | |
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Average number of employees during the period |
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for the Period Ended 29 February 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 29 February 2024 |
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Depreciation | ||||||
At 1 March 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 29 February 2024 |
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Net book value | ||||||
At 29 February 2024 |
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At 28 February 2023 |
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for the Period Ended 29 February 2024
2024 | 13 months to 28 February 2023 | |
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£ | £ | |
Other creditors |
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Total |
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We have continued to build up the company through the 3 shops in Burslem, selling preloved clothing and preloved and upcycled furniture at very affordable prices and receiving an award for Family Engagement. We continue to work with many agencies including Stoke on Trent City Council and Port Vale Foundation providing families in need, vulnerable adults and women coming out of domestic violence with free clothing, household items and furniture. We have also connected with the Princes Trust, offering placements for young people struggling with education. They have placements with us which encourages them to participate in our day to day running of the shops, furniture upcycling and building up their skills for future employment. The Rehoboth Well CIC has been awarded funding to expand our work and in turn we can more people in need in the community. The funding has also meant that we have been able to employ one of our volunteers who has come through addiction recovery and is now helping to shape the future of Rehoboth. The impact on the community has been very successful in many ways. The bringing back into use of 3 shops in a very disadvantaged area, in itself has brough life back to a struggling town. The working together with agencies has given families and individuals struggling to make ends meet, the very provisions they were in desperate need for. The volunteers are invaluable to what we do, in turn they receive training and work experience with increases employability.
Stakeholders are: Stoke on Trent City Council - Adult and Children's safeguarding team Stoke on Trent City Council - locality workers and community lounges Social prescribers Local Police Schools Homeless organisations Glow - Domestic Violence Agency New Era - Domestic Violence Agency Princes Trust (Kings Trust) The genera public who are our customers
See accounts
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 November 2024
And signed on behalf of the board by:
Name: Lydia Palmer
Status: Director