FLAX PROJECT C.I.C.

Company Registration Number:
14822991 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 24 April 2023

End date: 30 April 2024

FLAX PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FLAX PROJECT C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 50
Total current assets: 50
Creditors: amounts falling due within one year: 3 ( 1,353 )
Net current assets (liabilities): (1,303)
Total assets less current liabilities: (1,303)
Total net assets (liabilities): (1,303)
Capital and reserves
Called up share capital: 10
Profit and loss account: (1,313 )
Total Shareholders' funds: ( 1,303 )

The notes form part of these financial statements

FLAX PROJECT C.I.C.

Balance sheet statements

For the year ending 30 April 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 20 January 2025
and signed on behalf of the board by:

Name: Victoria Karen Putler
Status: Director

The notes form part of these financial statements

FLAX PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 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 invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

FLAX PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

FLAX PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024
£
Accruals and deferred income 250
Other creditors 1,103
Total 1,353

COMMUNITY INTEREST ANNUAL REPORT

FLAX PROJECT C.I.C.

Company Number: 14822991 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Grown flax for fibre using environmentally friendly methods. Every year we have a volunteering event during harvest time. This year we are organizing other events and workshops at the field. We have hand processed the flax straw to extract the fibre. Worked on developing machinery for the processing of flax to extract the fibre. We have delivered a programme of arts and crafts workshops associated with flax, textiles and textile printing for the local community suitable for all ages and abilities. We have become part of a small national network of bast fibre growers. The southwest U.K. will benefit from gaining training opportunities in agriculture, textiles production and other employable skills. The company will provide employment opportunities for trainees and others as the organisation becomes profitable. This year we have grown our community of flax and fi-bre enthusiasts and built strong links between the city and the countryside. The company has provide education in heritage arts and crafts. The growing local craft and textiles community have learned new skills and have benefitted from the associated mental health benefits of access to creative activities.

Consultation with stakeholders

The company’s stakeholders are: local people interested in heritage and textile crafts who attend workshops and events and the Flax Project workshop in Plymouth People interested in growing textiles and attend volunteering events at the field in Cornwall. Local people interested in small circular economies and environmental friendly textile production. We regularly take data and comments from attendees of workshops and volunteering sessions. Please see Social Impact Report attached.

Directors' remuneration

The amount paid to directors in respect of qualifying services was £1,831. 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
20 January 2025

And signed on behalf of the board by:
Name: Victoria Karen Putler
Status: Director