TRUE FAIR TRADING CIC

Company Registration Number:
08212298 (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

TRUE FAIR TRADING CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

TRUE FAIR TRADING CIC

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

Principal activities of the company

Selling fair trade products with profits going back to the communities from where the goods come from. Increased effort in supporting college students to develop their communication skills, selling skills, altruism. Helping them to support projects of their choice around the world, social and environmental.

Political and charitable donations

Included in directors report. There are no political and charitable donations.



Directors

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

Edwin Bentham
C E Hipkin


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
23 June 2025

And signed on behalf of the board by:
Name: Edwin Bentham
Status: Director

TRUE FAIR TRADING CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 118,286 97,543
Cost of sales: ( 44,956 ) ( 25,834 )
Gross profit(or loss): 73,330 71,709
Distribution costs: ( 70,320 ) ( 47,106 )
Administrative expenses: ( 9,417 ) ( 44,809 )
Operating profit(or loss): (6,407) (20,206)
Profit(or loss) before tax: (6,407) (20,206)
Profit(or loss) for the financial year: (6,407) (20,206)

TRUE FAIR TRADING CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,000 1,000
Total fixed assets: 1,000 1,000
Current assets
Stocks: 4 16,932 26,049
Cash at bank and in hand: 6,038 858
Total current assets: 22,970 26,907
Net current assets (liabilities): 22,970 26,907
Total assets less current liabilities: 23,970 27,907
Creditors: amounts falling due after more than one year: 5 0 ( 27,875 )
Total net assets (liabilities): 23,970 32
Capital and reserves
Called up share capital: 23,970 32
Total Shareholders' funds: 23,970 32

The notes form part of these financial statements

TRUE FAIR TRADING CIC

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.

This report was approved by the board of directors on 23 June 2025
and signed on behalf of the board by:

Name: Edwin Bentham
Status: Director

The notes form part of these financial statements

TRUE FAIR TRADING CIC

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

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Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

TRUE FAIR TRADING CIC

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 1,000 1,000
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 1,000 1,000
Depreciation
At 1 October 2023
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 1,000 1,000
At 30 September 2023 1,000 1,000

TRUE FAIR TRADING CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 2023
£ £
Stocks 16,932 26,049
Payments on account 0 0
Total 16,932 26,049

TRUE FAIR TRADING CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

2024 2023
£ £
Other creditors 0 27,875
Total 0 27,875

COMMUNITY INTEREST ANNUAL REPORT

TRUE FAIR TRADING CIC

Company Number: 08212298 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

There are two main areas of benefit; 1. From the communities from where we buy products - Vietnam, Sri Lanka, Thailand, Uk and Europe 2. FE college students helping to sell the products to generate income for themselves and their travel to support projects of their choice.

Consultation with stakeholders

College faculty and administration, students, trading partners, event organisers.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 June 2025

And signed on behalf of the board by:
Name: EC Bentham
Status: Director