PRELOVED SPORTS CIC

Company limited by guarantee

Company Registration Number:
14334839 (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

PRELOVED SPORTS 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

PRELOVED SPORTS 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

Retail sale of other second-hand goods in stores (not incl. antiques) and other retail sale not in stores, stalls or markets.



Directors

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

Michael David Hill
Natalie Erika Elizabeth Hill
Jack Harry Orme Slocombe


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
26 June 2025

And signed on behalf of the board by:
Name: Michael David Hill
Status: Director

PRELOVED SPORTS CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 13 months to 30 September 2023


£

£
Turnover: 15,977 7,026
Cost of sales: ( 391 ) ( 3,693 )
Gross profit(or loss): 15,586 3,333
Administrative expenses: ( 16,967 ) ( 3,750 )
Other operating income: 26,500
Operating profit(or loss): 25,119 (417)
Profit(or loss) before tax: 25,119 (417)
Tax: ( 2,478 )
Profit(or loss) for the financial year: 22,641 (417)

PRELOVED SPORTS CIC

Balance sheet

As at 30 September 2024

Notes 2024 13 months to 30 September 2023


£

£
Fixed assets
Tangible assets: 3 12,075 0
Total fixed assets: 12,075 0
Current assets
Stocks: 4 2,168 75
Debtors: 5 6
Cash at bank and in hand: 11,484 425
Total current assets: 13,658 500
Creditors: amounts falling due within one year: 6 ( 3,509 ) ( 917 )
Net current assets (liabilities): 10,149 (417)
Total assets less current liabilities: 22,224 ( 417)
Total net assets (liabilities): 22,224 (417)
Members' funds
Profit and loss account: 22,224 ( 417)
Total members' funds: 22,224 (417)

The notes form part of these financial statements

PRELOVED SPORTS 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 26 June 2025
and signed on behalf of the board by:

Name: Michael David Hill
Status: Director

The notes form part of these financial statements

PRELOVED SPORTS 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

    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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings - over 50 years Leasehold land and buildings - over the lease term Plant and machinery - over 5 years Fixtures, fittings, tools and equipment - over 5 years

PRELOVED SPORTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 13 months to 30 September 2023
    Average number of employees during the period 1 0

PRELOVED SPORTS 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 0 0
Additions 15,094 15,094
Disposals
Revaluations
Transfers
At 30 September 2024 15,094 15,094
Depreciation
At 1 October 2023 0 0
Charge for year 3,019 3,019
On disposals
Other adjustments
At 30 September 2024 3,019 3,019
Net book value
At 30 September 2024 12,075 12,075
At 30 September 2023 0 0

PRELOVED SPORTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 13 months to 30 September 2023
£ £
Stocks 2,168 75
Total 2,168 75

PRELOVED SPORTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024 13 months to 30 September 2023
£ £
Other debtors 6
Total 6

PRELOVED SPORTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 30 September 2023
£ £
Taxation and social security 2,478
Other creditors 1,031 917
Total 3,509 917

COMMUNITY INTEREST ANNUAL REPORT

PRELOVED SPORTS CIC

Company Number: 14334839 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Preloved Sports CIC is a community company Run purely by volunteers who work full time. Our mission is to build a sustainable model that uses preloved sportswear to provide inspiration, opportunities, and support to others. Our purpose is to use fitness as a driver for change. In the 2024 year, the directors reviewed the Purpose and mission to ensure Preloved Sports CIC was more aligned to its future goals. Preloved Sports CIC works with many local communities, charities & not for profits to work collectively with people to improve social sustainability. We take in Second-hand sportswear / Seconds From companies who are unable to sell Particular items whether that be down to manufacturing defects etc or ex-stock that they cannot sell on. We will Publish these items on our website for sale and or sell via trade shows such as the National running show as well as at smaller pop-up shops at races. Some items we receive through the post are not necessarily sellable on our shop or at shows and so we work with different communities, sole traders, collectives and fashion students (Uni projects) to redistribute or recycle the materials into something new whether that be product or process.

Consultation with stakeholders

Preloved Sports CIC wants to work with companies to improve accessibility too high-quality clothing and equipment. In 2024 Preloved Sports CIC attended the National Exhibition Centre in Birmingham for a couple trade shows. Each trade show was to do with different sports e.g running / cycling & the outdoors (general) - Each show brought us opportunities to speak to people from all different backgrounds about how they got into sport etc & what could be improved within the industry. Preloved Sports CIC has also spoken with many different organisations Who are wanting to improve their socio economic and environmental sustainability. Partnerships have been formed, and collaboration is the backbone of ensuring that working together makes a difference. Not just on a national level - but on a local level where it matters the most. After consultation, 2024 welcomed a new addition to the team: Andy became our first employee Who works as a Business Development manager to establish and strengthen our relationships with the vast sporting network. His hard work has driven us forward as we look to attend bigger events as well as utilise our van which we have converted into a mobile community hub.

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
26 June 2025

And signed on behalf of the board by:
Name: Michael D Hill
Status: Director