SHARED THREADS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
NI660116 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SHARED THREADS 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

SHARED THREADS 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

The company's principal activity during the year continued to be the sale of a variety of goods relating to human health activities.



Directors

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

Kirsty King
Kerry Moore Longmore
Jayne Elizabeth Ross
Emily Elizabeth Staton


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
17 January 2025

And signed on behalf of the board by:
Name: Kirsty King
Status: Director

SHARED THREADS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 1,878 3,706
Gross profit(or loss): 1,878 3,706
Administrative expenses: ( 4,548 ) ( 5,062 )
Operating profit(or loss): (2,670) (1,356)
Interest receivable and similar income: 18
Profit(or loss) before tax: (2,652) (1,356)
Profit(or loss) for the financial year: (2,652) (1,356)

SHARED THREADS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 488 610
Total fixed assets: 488 610
Current assets
Debtors: 4 1,517
Cash at bank and in hand: 202 598
Total current assets: 202 2,115
Creditors: amounts falling due within one year: 5 ( 1,664 ) ( 1,047 )
Net current assets (liabilities): (1,462) 1,068
Total assets less current liabilities: (974) 1,678
Total net assets (liabilities): (974) 1,678
Members' funds
Profit and loss account: (974) 1,678
Total members' funds: ( 974) 1,678

The notes form part of these financial statements

SHARED THREADS 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 17 January 2025
and signed on behalf of the board by:

Name: Kirsty King
Status: Director

The notes form part of these financial statements

SHARED THREADS 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: Fixtures, fittings, tools and equipment 20% reducing balance

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

SHARED THREADS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SHARED THREADS COMMUNITY INTEREST COMPANY

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 1,192 1,192
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2024 1,192 1,192
Depreciation
At 1 April 2023 582 582
Charge for year 122 122
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 704 704
Net book value
At 31 March 2024 488 488
At 31 March 2023 610 610

SHARED THREADS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 398
Other debtors 1,119
Total   1,517

SHARED THREADS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,664 1,047
Total 1,664 1,047

COMMUNITY INTEREST ANNUAL REPORT

SHARED THREADS COMMUNITY INTEREST COMPANY

Company Number: NI660116 (Northern Ireland)

Year Ending: 31 March 2024

Company activities and impact

Shared Threads has continued to build and maintain groups of volunteers within local communities to make our cloth period packs which we continue to donate through our various partner organisations to women worldwide. Our groups benefit the people involved because we build community locally, where people of any age or ability can gather and connect with others to be part of a solution to have a global impact on women worldwide giving them a sustainable way to manage their period. Funds were raised during this time through donations and fundraising activities.

Consultation with stakeholders

Our stakeholders, including directors, coordinators and volunteers are often updated and consulted. Feedback always supports decisions made over distribution and how are packs are made.

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
17 January 2025

And signed on behalf of the board by:
Name: Kirsty King
Status: Director