LOVE ZIMBABWE FAIR TRADE CIC

Company limited by guarantee

Company Registration Number:
07407684 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

LOVE ZIMBABWE FAIR TRADE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

LOVE ZIMBABWE FAIR TRADE CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 10,875 7,736
Cost of sales: ( 1,393 ) ( 3,428 )
Gross profit(or loss): 9,482 4,308
Administrative expenses: ( 13,801 ) ( 3,670 )
Operating profit(or loss): (4,319) 638
Profit(or loss) before tax: (4,319) 638
Profit(or loss) for the financial year: (4,319) 638

LOVE ZIMBABWE FAIR TRADE CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,501
Cash at bank and in hand: 193 881
Total current assets: 193 4,382
Creditors: amounts falling due within one year: 4 ( 250 ) ( 120 )
Net current assets (liabilities): (57) 4,262
Total assets less current liabilities: (57) 4,262
Total net assets (liabilities): (57) 4,262
Members' funds
Profit and loss account: (57) 4,262
Total members' funds: ( 57) 4,262

The notes form part of these financial statements

LOVE ZIMBABWE FAIR TRADE CIC

Balance sheet statements

For the year ending 31 October 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 14 July 2025
and signed on behalf of the board by:

Name: David Holman
Status: Director

The notes form part of these financial statements

LOVE ZIMBABWE FAIR TRADE CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

LOVE ZIMBABWE FAIR TRADE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

LOVE ZIMBABWE FAIR TRADE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Other debtors 3,501
Total   3,501

LOVE ZIMBABWE FAIR TRADE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 250 120
Total 250 120

COMMUNITY INTEREST ANNUAL REPORT

LOVE ZIMBABWE FAIR TRADE CIC

Company Number: 07407684 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The principle activites were that of helping artisans from Zimbabwe and other less privaleged countries to market their crafts in the UK and to foster an understanding of fair trade and promote its development in the UK and overseas, especially in arts and crafts.

Consultation with stakeholders

The first members of the Company are the subscribers to the Memorandum and Articles of Association on its formation. Other members will be admitted with the approval of the Directors in accordance with the Memorandum and Articles of the community. The Annual General Meeting will be held each year when the progress and performance of the Company is reported upon.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £2,490.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 July 2025

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