OUTGROWN CIC

Company Registration Number:
14587720 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

OUTGROWN CIC

Contents of the Financial Statements

for the Period Ended 31 January 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OUTGROWN CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Directors

The director shown below has held office during the whole of the period from
1 February 2024 to 31 January 2025

Jasmine Foo


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
8 April 2025

And signed on behalf of the board by:
Name: Jasmine Foo
Status: Director

OUTGROWN CIC

Profit And Loss Account

for the Period Ended 31 January 2025

2025 13 months to 31 January 2024


£

£
Turnover: 3,139 5,310
Cost of sales: ( 80 ) ( 78 )
Gross profit(or loss): 3,059 5,232
Distribution costs: ( 2,828 ) ( 5,516 )
Administrative expenses: ( 661 ) ( 353 )
Operating profit(or loss): (430) (637)
Profit(or loss) before tax: (430) (637)
Profit(or loss) for the financial year: (430) (637)

OUTGROWN CIC

Balance sheet

As at 31 January 2025

Notes 2025 13 months to 31 January 2024


£

£
Current assets
Stocks: 3 824 914
Total current assets: 824 914
Creditors: amounts falling due within one year: 4 ( 689 ) ( 550 )
Net current assets (liabilities): 135 364
Total assets less current liabilities: 135 364
Total net assets (liabilities): 135 364
Capital and reserves
Called up share capital: 135 364
Total Shareholders' funds: 135 364

The notes form part of these financial statements

OUTGROWN CIC

Balance sheet statements

For the year ending 31 January 2025 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 8 April 2025
and signed on behalf of the board by:

Name: Jasmine Foo
Status: Director

The notes form part of these financial statements

OUTGROWN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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

OUTGROWN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 13 months to 31 January 2024
    Average number of employees during the period 2 1

OUTGROWN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Stocks

2025 13 months to 31 January 2024
£ £
Stocks 824 914
Total 824 914

OUTGROWN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due within one year note

2025 13 months to 31 January 2024
£ £
Other creditors 689 550
Total 689 550

COMMUNITY INTEREST ANNUAL REPORT

OUTGROWN CIC

Company Number: 14587720 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

The company runs an online shop for preloved school uniform. In the last financial year, we have expanded from servicing one school to three schools and have benefitted benefited the local community in the following ways: - parents have been able to buy pre-loved school uniform more conveniently, and all throughout the school year, without having to wait for in-person termly sales; - through our service, we have rescued 530 items of clothing from the landfill and given them a new lease of life to another child; - as a result we have helped reduced 251.51kg of carbon emissions through reuse and substantial cost savings for our customers; - run 3 workshops to primary school students on the environmental impact of clothing, including two in collaboration with the Camden Council for the Earth Fest event; - created and circulated 2 comic series to share about the story being clothing and how they affect the environment; - partnered local charities (Camden Sharing Space Produces and Little Hands Design) to create upcycled products from old unwearable school uniform.

Consultation with stakeholders

The company's stakeholders are local private schools in NW London. We have met directly with the school leadership teams and parents associations to share about our work and what we offer. Based on the feedback and consultation, we have tailored our services to meet the varied and specific needs of each school.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £224. 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
8 April 2025

And signed on behalf of the board by:
Name: Jasmine Foo
Status: Director