RELIC PLASTIC CIC

Company limited by guarantee

Company Registration Number:
11852592 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

RELIC PLASTIC CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

RELIC PLASTIC CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 104,227 129,941
Cost of sales: ( 13,774 ) ( 19,902 )
Gross profit(or loss): 90,453 110,039
Administrative expenses: ( 80,150 ) ( 107,757 )
Other operating income: 453 2,500
Operating profit(or loss): 10,756 4,782
Profit(or loss) before tax: 10,756 4,782
Tax: ( 3,279 ) 1,320
Profit(or loss) for the financial year: 7,477 6,102

RELIC PLASTIC CIC

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 3,707 11,713
Total fixed assets: 3,707 11,713
Current assets
Debtors: 4 15,078 10,505
Cash at bank and in hand: 20,989 8,615
Total current assets: 36,067 19,120
Prepayments and accrued income: 1,245
Creditors: amounts falling due within one year: 5 ( 9,126 ) ( 6,352 )
Net current assets (liabilities): 28,186 12,768
Total assets less current liabilities: 31,893 24,481
Accruals and deferred income: ( 195 ) ( 260 )
Total net assets (liabilities): 31,698 24,221
Members' funds
Profit and loss account: 31,698 24,221
Total members' funds: 31,698 24,221

The notes form part of these financial statements

RELIC PLASTIC CIC

Balance sheet statements

For the year ending 28 February 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 6 June 2025
and signed on behalf of the board by:

Name: Martin Paley
Status: Director

The notes form part of these financial statements

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    All fixed assets are depreciated over four years on a straight line basis

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 4 5

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2024 34,365 34,365
Additions 3,000 3,000
Disposals ( 20,232 ) ( 20,232 )
Revaluations
Transfers
At 28 February 2025 17,133 17,133
Depreciation
At 1 March 2024 22,652 22,652
Charge for year 3,330 3,330
On disposals ( 12,556 ) ( 12,556 )
Other adjustments
At 28 February 2025 13,426 13,426
Net book value
At 28 February 2025 3,707 3,707
At 29 February 2024 11,713 11,713

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

2025 2024
£ £
Trade debtors 14,928 8,005
Other debtors 150 2,500
Total 15,078 10,505

RELIC PLASTIC CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 270 315
Taxation and social security 8,598 5,696
Other creditors 258 341
Total 9,126 6,352

COMMUNITY INTEREST ANNUAL REPORT

RELIC PLASTIC CIC

Company Number: 11852592 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

This year Relic’s activities have been somewhat subdued due to relocation to North Wales encouraged by personal circumstances. However, we have still been actively recycling plastic ‘waste’ into new valuable products, educating people about how plastic is recycled in addition to supporting other Precious Plastic workspaces. This year we have recycled approximately 600kg of which just over half has been made into sheet material used for willow-weaved basket bases by a local Lancaster maker, Lancaster City Council signage and notice board, decorative counter panels for Carringtons Coffee across a number of their new cafe’s, bird boxes for Grazers in Penrith, ocean plastic bar tops and stools made from discarded fishing ropes, awards for the EVAs and The Bay Film Festival (repeat orders) and student projects creating innovative hybrid materials for a designer table. The remaining plastic has predominantly been used for our injection moulding work including products for Hilton Grand Vacation in Carnforth using bottle caps from their site, coasters using fishing rope material for Wild & Sea and knife handles for Allday Goods using reject food tubs. Summer typically sees our busier time of year for events and workshops but this was when we were packing up Relic in order to move. We did have a very successful event at Carnforth High School educating 100-140 Year 9 students about plastic recycling and the circular economy. We also delivered a couple of workshops in partnership with WeSustainability in London and Brighton showing people how plastic is recycled in addition to creating clothing-specific education regarding microfibres, carbon cost and relative degradation times of different materials. Throughout the year we have supported other Precious Plastic workspaces such as Mull, Sustainable Design Studio, Revive Innovations, Zombie Plastics, SingularMARS, Ocean Plastic Pots, Neston High School, Sow the City, Are You MAD, Plastic Shed and BrothersMake supplying them with plastic material, equipment or technical advice. We have also helped other companies advising them of plastic recyclability, types and how they might set up a similar recycling workspace to deal with their own waste material.

Consultation with stakeholders

Local Citizens Citizens have been consulted to raise awareness of Relic Plastic, its aims and the wider plastic issue. Connections with schools, community groups and organisations, as well as the plastic bottle top project has kept us in conversation with individuals looking to develop local knowledge and better recycling systems. Now that we have moved, we have started to investigate events to attend and connect to our new local citizens. Local businesses/organisations We have had recognition from the Lancaster City Council for our work with the collaboration on a new nature area with a notice board and signage provided by ourselves using recycled plastic. This has led to further conversations about providing sustainable signage and shaped thoughts on the services we could provide in the future. We also had the pleasure of working with Heysham Village Coastal Eco Garden who desired the murmuration artwork we created with Creative West End for their coastal garden. This has reinforced how valuable our community connections are and the story told by the plastic and artwork we can create. Due to relocation we are starting to build a new network of local businesses and organisations we will work with. Customers and Partnerships We are in regular conversation with B2B customers regarding the products and services we offer. We are constantly improving the quality and workflow of the products we make based on customer feedback. B2C sales have reduced due to a focus on B2B and relocation so we have had less consultation with individuals regarding this. We have also unfortunately left behind a number of partnerships due to relocation. International Precious Plastic community The wider Precious Plastic community is generally consulted informally through different channels such as social media, email and messages. The majority of consultation and actions surround the machinery we use and techniques, better enabling the ability to recycle plastic effectively across the globe.

Directors' remuneration

All details of Director's remuneration are detailed in our accounts. 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
6 June 2025

And signed on behalf of the board by:
Name: Martin Paley
Status: Director