PREEN COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06272838 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

PREEN COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PREEN COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

Katherine Lewis


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
13 February 2025

And signed on behalf of the board by:
Name: Katherine Lewis
Status: Director

PREEN COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,880 6,510
Total fixed assets: 4,880 6,510
Current assets
Stocks: 4 11,443 18,810
Debtors: 5 2,673 6,358
Cash at bank and in hand: 79,033 81,502
Total current assets: 93,149 106,670
Creditors: amounts falling due within one year: 6 ( 42,977 ) ( 56,571 )
Net current assets (liabilities): 50,172 50,099
Total assets less current liabilities: 55,052 56,609
Creditors: amounts falling due after more than one year: 7 ( 8,834 ) ( 19,083 )
Total net assets (liabilities): 46,218 37,526
Members' funds
Profit and loss account: 46,218 37,526
Total members' funds: 46,218 37,526

The notes form part of these financial statements

PREEN COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 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 13 February 2025
and signed on behalf of the board by:

Name: Katherine Lewis
Status: Director

The notes form part of these financial statements

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation Is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles 25% Reducing Balance Fixtures & Fittings 25% Reducing Balance Computer Equipment 25% Reducing Balance

    Other accounting policies

    Stocks and Work in Progress Stocks and work In progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable Is based on taxable surplus for the year. Taxable surplus differs from surplus as reported In the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply In the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner In which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of Its assets and liabilities. Current and deferred tax are recognised In surplus or deficit for the year, except when, they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly In equity respectively.

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 24 21

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 18,394 32,113 13,644 64,151
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 18,394 32,113 13,644 64,151
Depreciation
At 1 October 2023 16,099 31,136 10,406 57,641
Charge for year 576 244 810 1,630
On disposals
Other adjustments
At 30 September 2024 16,675 31,380 11,216 59,271
Net book value
At 30 September 2024 1,719 733 2,428 4,880
At 30 September 2023 2,295 977 3,238 6,510

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 2023
£ £
Stocks 11,443 18,810
Total 11,443 18,810

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024 2023
£ £
Trade debtors 322 3,941
Prepayments and accrued income 1,751 1,012
Other debtors 600 1,405
Total 2,673 6,358

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,500 9,250
Trade creditors 2,934 7,178
Taxation and social security 10,903 15,437
Accruals and deferred income 8,096 7,715
Other creditors 11,544 16,991
Total 42,977 56,571

PREEN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 8,834 19,083
Total 8,834 19,083

COMMUNITY INTEREST ANNUAL REPORT

PREEN COMMUNITY INTEREST COMPANY

Company Number: 06272838 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

We have provided a very busy reuse service which takes domestic items out of the waste stream and provides affordable domestic items to the general public. The funds generated by this service are used to support the project in various areas – providing Safe Space for victims of domestic abuse, financing a very busy foodbank, providing low-cost or free household items and appliances to those in need and providing aid and signposting services to Ukrainian’s being housed in local community.

Consultation with stakeholders

The company consults regularly with users, volunteers, customers and supporters regarding the quality and scope of our services. The company meets other stakeholders on an ad hoc basis throughout the year, including staff, local councillors, support workers from other community groups, welfare and advice charities and schools. These meetings and discussions enable us to monitor the effectiveness of services and adapt our processes quickly to meet the needs of stakeholders, customers and clients. The company has been involved in fortnightly frontline consultations with the local authority and a large group of local food providers in order to ensure full-service coverage and minimal unnecessary duplication of services We attend regular meetings with the council regarding Domestic Abuse and the provision of services to Ukrainian refugees.

Directors' remuneration

There were no other transactions or arrangements in connection with the renumeration 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
13 February 2025

And signed on behalf of the board by:
Name: Katherine Lewis
Status: Director