for the Period Ended 31 July 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2024
Directors
The director shown below has held office during the whole of the period from
1 August 2023
to
31 July 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2024 |
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Depreciation | ||||||
At 1 August 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 July 2024 |
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Net book value | ||||||
At 31 July 2024 |
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At 31 July 2023 |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Accruals and deferred income |
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Other creditors |
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Total |
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Displaced Fragrances helps young adults by engaging them in our online activities or through our workshops. We focus primarily on the manufacturing of home fragrances and all the aspects of running a business in this sector in the following ways: 1. Candle making workshops that are facilitated by local community volunteers. Not only do they get to understand the process of candle making. They get to engage with the general public and which does help their social skills incredibly. 2. Facilitating pop-up events. Another way of engaging with the public and difficult consumers. Another way of social skill development. 3. Our Summer and Autumn event last June 2023 brought over 130 people to the venue and we were able to employ 3 young people for the day to help set-up and run the event. 4. We are currently going through the process of securing funding for our weekly business workshops, providing skills such as: Managing cashflow, how to set-up a new business, how to trademark your idea and so much more. We are confident that in the coming year we'll be able to offer master classes as well as workshops for our local community and be able to get more businesses involved in our projects.
We have spent the last year building the platform and the support needed to launch the business of which we did 01/11/2021 We have continued to build our online presence and have introduced a number of other products to broaden the visibility of the brand But moving forward the company stakeholders will be the employees, the local community we serve and manufacturers who will supply our key ingredients for our products. We will and have already started asking our online community on what matters to them and their local community. That way we can make and produce products and services that matter to all and not just to a few.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
7 April 2025
And signed on behalf of the board by:
Name: Boyowa Olugbo
Status: Director