for the Period Ended 30 September 2024
| Directors report | |
| Profit and loss | |
| 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 30 September 2024
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 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
for the Period Ended
| 2024 | 2023 | |
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£ |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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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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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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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: |
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The notes form part of these financial statements
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 30 September 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 30 September 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 October 2023 |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 30 September 2024 |
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| Depreciation | ||||||
| At 1 October 2023 |
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| Charge for year |
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| On disposals |
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| Other adjustments |
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| At 30 September 2024 |
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| Net book value | ||||||
| At 30 September 2024 |
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| At 30 September 2023 |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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The company has continued the process of creating a community market garden and Community Supported Agriculture scheme. This has included increasing the growing space, planting apple trees and hedges. It has grown an abundance of nutritious produce and has continued selling this to local people (members) as weekly veg shares (approx. 35 boxes per week from May to Feb, now in a range of sizes) and one-off orders (March to April). It has also participated in a monthly produce market, making our fresh vegetables available to a wider community. The local community has benefitted by receiving quality, naturally-grown local food delivered to collection points in their town or village, but also through popular, weekly volunteering days at the field. We have a core group of around 8-14 regular volunteers, but around 30 different people have been involved over the year. Volunteer days offered participants the opportunity to exercise, connect with nature, socialise, share ideas and learn about sustainable, low-carbon food growing, and to take produce home with them. Good Vibe Veg has developed a strong relationship with St Dubricius School in Porlock, and now benefits local children through its offering of regular education visits. These sessions enable practical, out-of-classroom learning about growing food using ecologically- friendly methods, to ages 3 to 9yrs. The children love getting stuck in to a wide range of tasks including seed sowing, mulching, composting, planting and harvesting. Good Vibe Veg has also hosted successful community events such as an Open Day (with Horner Farm), and an onion and garlic plaiting evening, and group visits. It has also donated surplus produce to the West Somerset Food Cupboard (food bank) on many occasions, and encourages our members to allow us to donate their veg shares on weeks when they are away.
The company’s stakeholders are its members (who pay a monthly subscription), its volunteers, and the wider local community. Memberships commenced in July 2022 and have continued to grow over the past year to around 40. There has been a great deal of consultation regarding which crops to grow, pricing and marketing, and the company has taken all feedback and suggestions on board. Most consultation so far has been informal, through a Whatsapp group and email, but also at our AGM and celebration evening in May 2024, which was well attended.
The directors Mr Adam Reed and Ms Leighanne Beart received remuneration of £8,775 (2023 - £7,873) and £4,948 (2023 - £1,931) respectively. Wages were paid at a commercial hourly rate during the period of accounts ending 30 September 2024.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 June 2025
And signed on behalf of the board by:
Name: Adam Paul Reed
Status: Director