WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13596860 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

To run events for local councils to repair and renew electrical items.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Alexander Horn
Colin Murphy


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
21 August 2024

And signed on behalf of the board by:
Name: Alexander Horn
Status: Director

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2024

2024 6 months to 31 March 2023


£

£
Turnover: 10,619 14,176
Cost of sales: ( 6,804 ) ( 2,407 )
Gross profit(or loss): 3,815 11,769
Administrative expenses: ( 18,733 ) ( 11,869 )
Other operating income: 6,989 10,740
Operating profit(or loss): (7,929) 10,640
Profit(or loss) before tax: (7,929) 10,640
Tax: ( 1,648 )
Profit(or loss) for the financial year: (7,929) 8,992

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 6 months to 31 March 2023


£

£
Current assets
Debtors: 3 2,470 10,607
Cash at bank and in hand: 1,199 1,286
Total current assets: 3,669 11,893
Creditors: amounts falling due within one year: 4 ( 1,292 ) ( 4,866 )
Net current assets (liabilities): 2,377 7,027
Total assets less current liabilities: 2,377 7,027
Creditors: amounts falling due after more than one year: 5 ( 3,278 )
Total net assets (liabilities): (901) 7,027
Members' funds
Profit and loss account: (901) 7,027
Total members' funds: ( 901) 7,027

The notes form part of these financial statements

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 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 21 August 2024
and signed on behalf of the board by:

Name: Alexander Horn
Status: Director

The notes form part of these financial statements

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 6 months to 31 March 2023
    Average number of employees during the period 0 0

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 6 months to 31 March 2023
£ £
Trade debtors 1,822 0
Other debtors 648 10,607
Total 2,470 10,607
Debtors due after more than one year: 0 0

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 6 months to 31 March 2023
£ £
Taxation and social security 88 2,466
Accruals and deferred income 620 2,400
Other creditors 584 0
Total 1,292 4,866

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024
£
Bank loans and overdrafts 3,278
Total 3,278

COMMUNITY INTEREST ANNUAL REPORT

WEST CENTRAL LONDON FIXERS COMMUNITY INTEREST COMPANY

Company Number: 13596860 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Between 01/03/2022 and 31/03/2024, WCLF successfully organised over fifteen (free to the public) electronic repair events mainly at community centre in the Royal Borough of Kensington and Chelsea, The Livat Shopping Centre in Hammersmith and two including in The City of London at Artizan Street Library – London. This helped communities with the cost of living crisis by reducing their need to buy new electronic devices. The events were friendly and accommodating, most with free tea, coffee and biscuits for all. The events also helped communities reduce their electronic waste this in turn improved their surrounding (fewer dumped electronics on the streets) and overall natural environment. We also provided training in electronic repair at most of our repair events. This helps enables communities to change their behaviour with respect to their relationship with electronic devices: repair and reuse before recycling and rather than dumping electronic devices in the street. We advised the public to dispose of their broken electronics at designated bins in libraries in Hammersmith & Fulham if these were beyond repair.

Consultation with stakeholders

Stakeholders: 1. Members of the local community / public 2. WCLF company directors 3. Event coordinators 4. Fixers 5. Volunteer learner fixers 6. Trainers 7. Community centre managers 8. The Royal Borough of Kensington and Chelsea (Council) 9. The London Borough of Hammersmith and Fulham (Council) 10. City of London Corporation (Council) 11. Ingka/Livat Shopping Centre West Central London Fixers holds on-going dialogues with all its stakeholders to deliver the best possible service it possibly can. We believe in continuous improvement. We know we can also improve on what already do and take feedback from all stakeholders seriously.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £ 5,977 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
28 November 2024

And signed on behalf of the board by:
Name: Alex Horn
Status: Director