PRELOVED@45 CIC

Company limited by guarantee

Company Registration Number:
13547748 (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

PRELOVED@45 CIC

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

PRELOVED@45 CIC

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

Directors

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

Marian Deacon
Isabel Buliani
Fern Johnson
Anita Jekabsone


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
4 December 2024

And signed on behalf of the board by:
Name: Marian Deacon
Status: Director

PRELOVED@45 CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 37,229 33,005
Cost of sales: ( 14,224 ) ( 11,175 )
Gross profit(or loss): 23,005 21,830
Administrative expenses: ( 36,051 ) ( 23,563 )
Other operating income: 2,492 7,895
Operating profit(or loss): (10,554) 6,162
Interest receivable and similar income: 36 1
Profit(or loss) before tax: (10,518) 6,163
Tax: 797 ( 797 )
Profit(or loss) for the financial year: (9,721) 5,366

PRELOVED@45 CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,059 1,968
Total fixed assets: 3,059 1,968
Current assets
Cash at bank and in hand: 6,555 19,921
Total current assets: 6,555 19,921
Prepayments and accrued income: 595 577
Creditors: amounts falling due within one year: 4 ( 797 )
Net current assets (liabilities): 7,150 19,701
Total assets less current liabilities: 10,209 21,669
Accruals and deferred income: ( 2,745 ) ( 4,484 )
Total net assets (liabilities): 7,464 17,185
Members' funds
Profit and loss account: 7,464 17,185
Total members' funds: 7,464 17,185

The notes form part of these financial statements

PRELOVED@45 CIC

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 4 December 2024
and signed on behalf of the board by:

Name: Marian Deacon
Status: Director

The notes form part of these financial statements

PRELOVED@45 CIC

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery - 15% reducing balance

PRELOVED@45 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

PRELOVED@45 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,968 1,968
Additions 1,631 1,631
Disposals
Revaluations
Transfers
At 31 March 2024 3,599 3,599
Depreciation
At 1 April 2023 0 0
Charge for year 540 540
On disposals
Other adjustments
At 31 March 2024 540 540
Net book value
At 31 March 2024 3,059 3,059
At 31 March 2023 1,968 1,968

PRELOVED@45 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

  2023
  £
Taxation and social security 797
Total   797

COMMUNITY INTEREST ANNUAL REPORT

PRELOVED@45 CIC

Company Number: 13547748 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company operates a charity shop in the local community and aims to help the poor and struggling family's within the community. During the 2023-24 year the shop benefited the local community in the following ways - - Donated various items of school uniform to family's in need and to various schools to pass on to children without the required uniform. - Helped out at various fundraising events in the community. - Donated items from the shop to help people being rehomed or those left with nothing after a house fire. - Donated good to be used in various fundraising events during the year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £19,448. 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
4 December 2024

And signed on behalf of the board by:
Name: Marian Deacon
Status: Director