TORBAY FURNITURE PROJECT CIC

Company limited by guarantee

Company Registration Number:
14731735 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 15 March 2023

End date: 31 March 2024

TORBAY FURNITURE PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TORBAY FURNITURE PROJECT CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 506
Investments:   0
Total current assets: 506
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 353 )
Net current assets (liabilities): 153
Total assets less current liabilities: 153
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 153
Members' funds
Profit and loss account: 153
Total members' funds: 153

The notes form part of these financial statements

TORBAY FURNITURE PROJECT 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 January 2025
and signed on behalf of the board by:

Name: Tarnia Diamond
Status: Director

The notes form part of these financial statements

TORBAY FURNITURE PROJECT 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

TORBAY FURNITURE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 4

TORBAY FURNITURE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Accruals and deferred income 150
Other creditors 203
Total 353

COMMUNITY INTEREST ANNUAL REPORT

TORBAY FURNITURE PROJECT CIC

Company Number: 14731735 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company sells 2nd hand furniture & white goods at low cost. The shop opened for business in January 2024. During the financial year, the shop’s activities have benefited the community in the following ways: - local residents (particularly those impacted by furniture poverty) have been able to buy their furniture & white goods at an affordable price. - We have positively impacted the mental & physical health of those in the local community of Torbay. - We were able to save useable furniture from going to landfill, which costs money & is a bad for the environment.

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
3 January 2025

And signed on behalf of the board by:
Name: Tarnia Diamond
Status: Director