for the Period Ended 30 November 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2024
Principal activities of the company
Additional information
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Directors
The director shown below has held office during the whole of the period from
1 December 2023
to
30 November 2024
The director shown below has held office during the period of
16 February 2024
to
30 November 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 13 months to 30 November 2023 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 13 months to 30 November 2023 | |
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£ |
£ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 5 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| Average number of employees during the period |
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for the Period Ended 30 November 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 December 2023 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 30 November 2024 |
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| Depreciation | ||||||
| At 1 December 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 30 November 2024 |
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| Net book value | ||||||
| At 30 November 2024 |
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| At 30 November 2023 |
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for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| £ | £ | |
| Stocks |
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| Total |
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for the Period Ended 30 November 2024
| 2024 | 13 months to 30 November 2023 | |
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| £ | £ | |
| Trade creditors |
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| Accruals and deferred income |
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| Total |
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HOPE IS has continued to provide a pop-up supermarket in both Laindon & Vange, Basildon. The supermarkets sell everyday products at very reduced & affordable prices to the surrounding community. We are still fund-assisted by Essex County Council, and have also been proactive in securing additional grants to help maintain longevity. The membership for new & repeat customers remains at £3.50 per year and as of end of Nov24, we had over 600 memberships – providing food for 202 OAP’s, 821 adults & 686 children.
Our stakeholders are the customers who attend the supermarket, and as well as chatting to these members over a cuppa whilst at the supermarket, we have also received additional crucial feedback via ‘feedback-forms’, which we leave out to be filled in anonymously. We also have a team of volunteers who run the supermarket from purchasing & pricing up the goods, to heavy lifting and setting up on the day. We regularly check in with the volunteers for feedback & suggestions to ‘fine-tune’ the operational side of things. Ultimately, we aim to provide the products requested by our customers as well as making access better for those with disabilities, following the feedback we receive.
On 25th Oct23, the director running the supermarket on the annual salary of £14,040 resigned & left the company. On 1st Jan24, another director took on the above roll and was given an annual salary of £15,600.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 August 2025
And signed on behalf of the board by:
Name: John Martin Hailes
Status: Director