SAVING THREADS C.I.C.

Company limited by guarantee

Company Registration Number:
13717079 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

SAVING THREADS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

SAVING THREADS C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 20,535 26,721
Cost of sales: ( 565 ) ( 179 )
Gross profit(or loss): 19,970 26,542
Administrative expenses: ( 20,323 ) ( 27,894 )
Operating profit(or loss): (353) (1,352)
Profit(or loss) before tax: (353) (1,352)
Profit(or loss) for the financial year: (353) (1,352)

SAVING THREADS C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Cash at bank and in hand: 779 1,132
Total current assets: 779 1,132
Creditors: amounts falling due within one year: 3 ( 3,153 ) ( 3,153 )
Net current assets (liabilities): (2,374) (2,021)
Total assets less current liabilities: (2,374) ( 2,021)
Total net assets (liabilities): (2,374) (2,021)
Members' funds
Profit and loss account: (2,374) ( 2,021)
Total members' funds: ( 2,374) (2,021)

The notes form part of these financial statements

SAVING THREADS C.I.C.

Balance sheet statements

For the year ending 30 November 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 10 February 2025
and signed on behalf of the board by:

Name: Leander Moore
Status: Director

The notes form part of these financial statements

SAVING THREADS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SAVING THREADS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SAVING THREADS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 720 720
Other creditors 2,433 2,433
Total 3,153 3,153

COMMUNITY INTEREST ANNUAL REPORT

SAVING THREADS C.I.C.

Company Number: 13717079 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Saving Threads CIC has voluntarily worked with local Primary Schools and Secondary schools in the Bolton community to promote sustainability, reduce fashion waste and educate younger generations about the impact of ‘fast fashion’ through workshops, presentations and fundraising activities. Saving Threads CIC have also sold donated preloved clothing at numerous table top sales including car boot sales and Baby Boutique Sales across Bolton, as well as Facebook Marketplace and eBay. Profits from these sales have been donated; beneficiaries of these charitable donations include local non-profit registered charities in the Bolton area, as well as local community groups to help others in need, for example Food Banks – Urban Outreach. Saving Threads CIC have also worked with local registered charities to distribute donations of clothing and shoes to those in need, as well as hosting a Pay What You Can Sale to help families to escape poverty yet still clothe their families. Saving Threads CIC now has a “Uniform Fairy” where we direct any school uniforms that are donated to Saving Threads CIC and rehome the school uniform items for free to those in our local community. We work in partnership with the UCAN centres and Bolton CVS to ensure that we are reaching the families most in need.

Consultation with stakeholders

No consultation with stakeholders

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
16 August 2025

And signed on behalf of the board by:
Name: Leander Moore
Status: Director