ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08763022 (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

ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 150 582
Debtors: 4 1,096
Cash at bank and in hand: 4,601 5,639
Total current assets: 4,751 7,317
Creditors: amounts falling due within one year: 5 ( 2,810 ) ( 3,425 )
Net current assets (liabilities): 1,941 3,892
Total assets less current liabilities: 1,941 3,892
Total net assets (liabilities): 1,941 3,892
Members' funds
Profit and loss account: 1,941 3,892
Total members' funds: 1,941 3,892

The notes form part of these financial statements

ALL GOOD STUFF 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.

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 31 January 2025
and signed on behalf of the board by:

Name: Anne Phipps
Status: Director

The notes form part of these financial statements

ALL GOOD STUFF 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 is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

ALL GOOD STUFF 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

ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Stocks

2024 2023
£ £
Stocks 150 582
Total 150 582

ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 400
Other debtors 696
Total   1,096

ALL GOOD STUFF 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
£ £
Accruals and deferred income 2,810 3,425
Total 2,810 3,425

COMMUNITY INTEREST ANNUAL REPORT

ALL GOOD STUFF COMMUNITY INTEREST COMPANY

Company Number: 08763022 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Company has continued to support and promote 50+ local independent artists and makers and a bookseller by selling their work in the gallery/shop and by providing opportunities to be part of events such as Open Up Sheffield (the major annual open studios event in the area), Sheffield Heritage Open Days, and a Christmas ‘pop up’ in a prime location in the city – all at low or no cost to the individual. The Company has also continued to support and promote them on social media. The Company has continued to promote and sell the work of the students of Freeman College, located next to the gallery/shop and entered discussions around resuming work experience opportunities for the students of the College – an educational charity providing for young people aged 16-25 who have learning difficulties. The Company worked with Sheffield Hallam University to provide a real life business project for final year business students. The resulting report by the students was excellent and many of the recommendations have been implemented. Visitors and customers in the gallery/shop have continued to be able to enjoy access to local art and crafts and to purchase them. We receive much positive feedback on a regular basis.

Consultation with stakeholders

In addition to the opportunities provided to our primary beneficiaries – local artists and makers, the Company has continued to promote and sell the work of the students of Freeman College, located next to the gallery/shop and entered discussions around resuming work experience opportunities for the students of the College – an educational charity providing for young people aged 16-25 who have learning difficulties. This provision was in place pre-pandemic but suspended due to it. The Company worked with Sheffield Hallam University to provide a real life business project for final year business students. The resulting report by the students was excellent and many of the recommendations have been implemented. Visitors and customers in the gallery/shop have continued to be able to enjoy access to local art and crafts and to purchase them. We receive much positive feedback on a regular basis.

Directors' remuneration

Directors received commission on goods sold in the shop totalling £1,719. Directors received volunteer costs (travel and subsistence) totalling £143. 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
31 January 2025

And signed on behalf of the board by:
Name: Anne Phipps
Status: Director