CIRCULAR REVOLUTION CO-OP CIC

Company Registration Number:
12554823 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

CIRCULAR REVOLUTION CO-OP CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CIRCULAR REVOLUTION CO-OP CIC

Balance sheet

As at 30 April 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1 845
Total fixed assets: 1 845
Current assets
Debtors: 4 965 1,815
Cash at bank and in hand: 19,953 21,832
Total current assets: 20,918 23,647
Net current assets (liabilities): 20,918 23,647
Total assets less current liabilities: 20,919 24,492
Creditors: amounts falling due after more than one year: 5 ( 11,891 ) ( 20,540 )
Provision for liabilities: ( 160 )
Total net assets (liabilities): 9,028 3,792
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 9,027 3,791
Total Shareholders' funds: 9,028 3,792

The notes form part of these financial statements

CIRCULAR REVOLUTION CO-OP CIC

Balance sheet statements

For the year ending 30 April 2025 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 September 2025
and signed on behalf of the board by:

Name: Sarah Roberts
Status: Director

The notes form part of these financial statements

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 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

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery : 25% straight line

    Other accounting policies

    Grant Income Received In the year 23/24 we received the benefit of a £10k grant from Canal and River Trust to support our community waste management operations for the year. In the year 23/24 we also received the benefit of a £20k grant from the National Lottery Awards to support our community waste management for two years and that grant is released to our profit and loss over the two year period to February 2026. In the current financial year 24/25, a £2k grant was received form the Pace Able Foundation to cover costs over a two year period from July 24. The income from this grant is also allocated to our profit and loss over the financial months that this grant covers.

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2024 3,380 3,380
Additions
Disposals
Revaluations
Transfers
At 30 April 2025 3,380 3,380
Depreciation
At 1 May 2024 2,535 2,535
Charge for year 844 844
On disposals
Other adjustments
At 30 April 2025 3,379 3,379
Net book value
At 30 April 2025 1 1
At 30 April 2024 845 845

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Debtors

2025 2024
£ £
Trade debtors 167 1,055
Other debtors 798 760
Total 965 1,815

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 11,891 20,540
Total 11,891 20,540

Creditors: amounts falling due within one year 2025 2024 Trade creditors : 2025: £979 2024: £185 Taxes and social security: 2025: £1,412 2024: £799 Loans from directors 2025: 0 2024: £1,151 Accruals: 2025: £0 2024: £72 Deferred income 2025: £9,500 2024: £18,333 Total: 2025: £11,891 2024: £20,540

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

6. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
overpayment
£
Balance at 30 April 2024 100
Advances or credits made:
Advances or credits repaid:
Balance at 30 April 2025 100

CIRCULAR REVOLUTION CO-OP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

7. Off balance sheet arrangements

Transactions with related parties: The PAYE salary of a director has been allocated to both director's remuneration as an administrative cost as well as under cost of sales as an operations and processing cost (subcontractor costs). In addition directors have invoiced the company for work on transfer costs £1,100 in the year to 30 April 2025 and for work on management fees £2,750 in the year to 30 April 2025

COMMUNITY INTEREST ANNUAL REPORT

CIRCULAR REVOLUTION CO-OP CIC

Company Number: 12554823 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

Core activities: The company’s core activities provide access to safe sanitation services for people living on canal and river boats in central london who do not have access to sewered sanitation. We also contribute to a healthy physical environment, through reduced cross-contamination of black Canal and River Trust bins (and other municipal waste bins), reduced mis-use of Elsan Points and a reduction in pollution incidents as caused via water-based sewered sanitation processes. In the past financial year we have continued to collect over a 10 tonnes of dry material (faeces) in order for it to be processed anaerobically into ‘soil conditioner’, diverting a considerable amount of material from entering the over-loaded, polluting sewage system. Employment and volunteer activities from within the community we serve: We have continued to employ within the boating community: 1 paye roles and 3x freelance roles. We also run a popular volunteer scheme in which folk are able to access to the paid service for free in exchange for approx. 2 hours of their time monthly. This scheme allows us to be as financially accessible as possible to the community we serve whilst also supporting participants to develop their skillset and help shape a grass-roots project from the inside-out.

Consultation with stakeholders

The governance of our Community Interest Company is co-operatively organised. Our key stakeholders are our customers and the London canal community. We hold ‘community’ meetings on an approx. quarterly basis. At these meetings we review progress, listen to feedback, discuss and share ideas for the direction of the organisation. We also spent the last financial year preparing a programme of ‘skill-sharing’ workshops/sessions in collaboration with other organisations who support our vision and values on topics related to sustainable living on the canals, which we are in the process of rolling out in subsequent months. We also run online surveys for our customers to provide feedback. We continue to work closely with the Canal and River Trust, the charitable organisation who manage the waterways we operate on. They have provided their explicit support re. our work and the importance of it continuing.

Directors' remuneration

£17,600

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 December 2025

And signed on behalf of the board by:
Name: Charlotte Isobel Jones
Status: Director