SOLENT REMADE CIC

Company limited by guarantee

Company Registration Number:
13608954 (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

SOLENT REMADE 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

SOLENT REMADE 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

Directors

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

P Gray
C Billam


The director shown below has held office during the period of
1 October 2023 to 31 October 2023

A Sayer


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: P Gray
Status: Director

SOLENT REMADE CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 1,250 12,784
Cost of sales: ( 1,481 ) ( 10,356 )
Gross profit(or loss): (231) 2,428
Administrative expenses: ( 3,720 ) ( 2,966 )
Operating profit(or loss): (3,951) (538)
Profit(or loss) before tax: (3,951) (538)
Profit(or loss) for the financial year: (3,951) (538)

SOLENT REMADE CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 189
Total fixed assets: 0 189
Current assets
Debtors: 4 224 276
Cash at bank and in hand: 2,985 3,085
Total current assets: 3,209 3,361
Creditors: amounts falling due within one year: 5 ( 7,750 ) ( 4,140 )
Net current assets (liabilities): (4,541) (779)
Total assets less current liabilities: (4,541) ( 590)
Total net assets (liabilities): (4,541) (590)
Members' funds
Profit and loss account: (4,541) ( 590)
Total members' funds: ( 4,541) (590)

The notes form part of these financial statements

SOLENT REMADE 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: P Gray
Status: Director

The notes form part of these financial statements

SOLENT REMADE 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 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 is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery - 25% Straight Line

SOLENT REMADE CIC

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

SOLENT REMADE 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 252 252
Additions
Disposals ( 252 ) ( 252 )
Revaluations
Transfers
At 30 September 2024 0 0
Depreciation
At 1 October 2023 63 63
Charge for year
On disposals ( 63 ) ( 63 )
Other adjustments
At 30 September 2024 0 0
Net book value
At 30 September 2024 0 0
At 30 September 2023 189 189

SOLENT REMADE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 224 276
Total 224 276

SOLENT REMADE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 825
Other creditors 6,925 4,140
Total 7,750 4,140

COMMUNITY INTEREST ANNUAL REPORT

SOLENT REMADE CIC

Company Number: 13608954 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Solent Remade works in the borough of Havant to support the development of a repair and reuse economy accessed through active travel including cycling and walking. During this financial year it ran two projects that support this aim. Further work was curtailed by the long- term illness of one of the directors. Repair Cafe Havant This is a community-led monthly pop-up event where volunteers help members of the public repair and learn to repair broken items. This project has benefitted the local community by helping them keep items in use for longer, saving money. It has also supported the learning of new skills as customers are encouraged to learn to repair items and attempt repairs at home. It also has created a vibrant community space for people to meet over coffee and cake. The project is well-supported by volunteers – we have retained many of our original volunteers and have recruited new volunteers indicating that this project is providing an opportunity for people to contribute and share their skills in a way that makes them feel valued. In the 12 months covered by this report the Repair Cafe ran 12 times and successfully repaired 199 items of 349 brought for repair. This is an increase of forty-five items (15%) repaired and an increase in success rate from around 54% to 57% compared with the previous year. Each session ran with the support of around eighteen volunteers and typically welcomed 45-60 visitors. Havant Library of Things A library of things provides people with the opportunity to borrow items that they only use occasionally rather than buying new. During the year covered by this report the Library of Things was in operation but the borrowing rates were slower than we hoped for, we did not have the capacity during the period covered by this report to increase this, but are taking action in the current period. We promoted the Repair Cafe and Library of Things through social media and community events.

Consultation with stakeholders

Our stakeholders are the local community in Havant and our volunteers. To consult with our volunteer stakeholders, we host regular meetings. One example is the coordinating group meeting of Repair Cafe Havant which meets online following each Repair Cafe. This group consists of a cross-section of volunteers. We seek feedback from each visitor via a feedback form and act upon this where possible.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £1,440. 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
26 June 2025

And signed on behalf of the board by:
Name: P Gray
Status: Director