JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Company limited by guarantee

Company Registration Number:
08705889 (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

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 27,971 26,728
Cost of sales: ( 3,109 ) ( 3,539 )
Gross profit(or loss): 24,862 23,189
Administrative expenses: ( 26,256 ) ( 28,658 )
Other operating income: 1,182 920
Operating profit(or loss): (212) (4,549)
Interest payable and similar charges: ( 97 ) ( 15 )
Profit(or loss) before tax: (309) (4,564)
Tax: 654 ( 498 )
Profit(or loss) for the financial year: 345 (5,062)

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,529 1,838
Total fixed assets: 1,529 1,838
Current assets
Stocks: 4 482 714
Debtors: 5 596 48
Cash at bank and in hand: 133 702
Total current assets: 1,211 1,464
Creditors: amounts falling due within one year: 6 ( 14,866 ) ( 14,215 )
Net current assets (liabilities): (13,655) (12,751)
Total assets less current liabilities: (12,126) ( 10,913)
Creditors: amounts falling due after more than one year: 7 ( 1,000 ) ( 2,500 )
Provision for liabilities: ( 291 ) ( 349 )
Total net assets (liabilities): (13,417) (13,762)
Members' funds
Profit and loss account: (13,417) ( 13,762)
Total members' funds: ( 13,417) (13,762)

The notes form part of these financial statements

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT 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 15 June 2025
and signed on behalf of the board by:

Name: Mrs P Scott
Status: Director

The notes form part of these financial statements

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT 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

    Tangible fixed assets depreciation policy

    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements straight line over 5 years Fixtures, fittings and equipment 15% reducing balance Motor vehicles 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT 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 370 3,604 2,500 6,474
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 370 3,604 2,500 6,474
Depreciation
At 1 October 2023 370 2,093 2,173 4,636
Charge for year 227 82 309
On disposals
Other adjustments
At 30 September 2024 370 2,320 2,255 4,945
Net book value
At 30 September 2024 0 1,284 245 1,529
At 30 September 2023 0 1,511 327 1,838

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 2023
£ £
Stocks 482 714
Total 482 714

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 0 48
Other debtors 596
Total 596 48

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

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 1,500 1,500
Trade creditors 38 0
Taxation and social security 862 1,177
Accruals and deferred income 7,200 6,599
Other creditors 5,266 4,939
Total 14,866 14,215

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

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 1,000 2,500
Total 1,000 2,500

COMMUNITY INTEREST ANNUAL REPORT

JAMES SCOTT'S NORTH SOMERSET REUSE PROJECT CIC

Company Number: 08705889 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The main aim of James Scott’s North Somerset ReUse Project CIC (JSNSRP) is to reduce usable unwanted items going to landfill. JSNSRP (The Project) provides an environmental service to the local area (North Somerset) and actively promotes the reduction of landfill. The Project accepts all unwanted but still useable items except for large pieces of furniture, soft goods, ie sofas etc and ‘white’ goods, ie fridges etc. Therefore, most items the Project receives are of a much smaller nature and in many cases, so small they can be easily thrown away with other household waste and therefore not noticed as bulk. However, between October 2023 and the end of September 2024 the Project diverted almost 18 tonnes of waste from landfill, by residents and businesses bringing in their unwanted but still useable items to the Project. Habits have certainly changed since COVID and this year, yet again has been a difficult one. Even items taken in by the Project has changed somewhat and this is due to local online sites being set up, either for “free to take” or items being sold online by individuals. However, there has been a slight uptick in footfall; past customers (pre COVID), especially older retired people have been returning slowly and this I feel has shown more confidence in being out and about and a want/need to get back to ‘normal’ and meeting with others face to face. Another factor is people moving into the area in the new housing developments and who are keen on reuse and have been directed to our store and services through word of mouth or via our website.

Consultation with stakeholders

JSNSRP’s main stakeholders are residents and businesses of North Somerset bringing in their unwanted goods and paint and buying such goods and paint. The environmental service the Project provides to the whole community of North Somerset and, in the spirit of the Project and the way it continues and why it was initially founded, has gained much support in return. The Project has proven that residents and businesses alike are keen on having their unwanted items reused as opposed to taking them to landfill. The Project relies on volunteers and between October 2023 and end of September 2024 provided eleven local residents with voluntary work from all ages and backgrounds; from those who were looking for work or extra experience to those in work or retired and semi-retired people just wanting to be useful with their skills and experience to assist the Project. The Project has the continuing support of North Somerset Council and our Project’s details can be found on their official website under “Reducing your Household Waste”. The Project is a member of the nationally acclaimed Community Repaint Scheme which is sponsored by Dulux through Resource Futures based in Bristol. The Project checks and if necessary, ‘cleans’ the paint brought in to ensure it is still useable. Between October 2023 and the end of September 2024, the Project received 635 litres of unwanted paint from residents and businesses and sold/redistributed 878 litres to 254 individuals and community groups. The director and co-founder of JSNSRP has lived in North Somerset for several years and has continued the Project based on the experience and ethos of her son, James Scott, also co-founder of the Project. After setting up the Project, at the very young age of just 34, James sadly died in May 2014. The Project is dedicated to, and continues in His loving memory.

Directors' remuneration

The sole director has received remuneration of £8,400 during the year.

Transfer of assets

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: Mrs P Scott
Status: Director