for the Period Ended 30 September 2019
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 September 2019
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 October 2018 to 30 September 2019
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
2019 | 2018 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | ( |
Profit(or loss) before tax: | ( | ( |
Tax: | | |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2019 | 2018 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Accruals and deferred income: | ( | ( | |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
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 September 2019
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 September 2019
2019 | 2018 | |
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Average number of employees during the period | | |
for the Period Ended 30 September 2019
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 October 2018 | | | | | ||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 September 2019 | | | | | ||
Depreciation | ||||||
At 1 October 2018 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 30 September 2019 | | | | | ||
Net book value | ||||||
At 30 September 2019 | | | | | ||
At 30 September 2018 | | | | |
for the Period Ended 30 September 2019
2019 | 2018 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | |
for the Period Ended 30 September 2019
2019 | 2018 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 30 September 2019
2019 | 2018 | |
---|---|---|
£ | £ | |
Accruals and deferred income | | |
Total | | |
The main aim of James Scott’s North Somerset ReUse Project CIC (JSNSRP) is to reduce usable unwanted items going to landfill.JSNSRP (The Project) provides an environmental service to the local area (North Somerset) and actively promotes the reduction of landfill. The Project accepts all unwanted but still useable items except for large pieces of furniture, soft goods, ie sofas etc and ‘white’ goods, ie fridges etc. Therefore, most items the Project receives are of a much smaller nature and in many cases, so small they can be easily thrown away with other household waste and therefore not noticed as bulk. However, between October 2018 and end of September 2019 the Project diverted over 26 tonnes of waste from landfill, by residents and businesses bringing in their unwanted but still useable items to the Project.The Project has also accepted broken items with a view of being fixed or parts being reused for other purposes. However, if this is not the case, it is stripped down and the appropriate parts are properly recycled and therefore only the absolute minimum is taken to landfill.Most goods received by the Project are from sheds and garages and other items which people just don’t know what to do with but don’t need any more except to keep them until they move home to down size or need more space in their existing home and are forced to make a choice of ‘throwing away’ these items or bringing them to the Project. All items received by the Project are logged in, weighed and where they have come from is monitored and shown on a map displayed at the store. These items are then cleaned prior to being displayed for sale and are sold on for a fair and responsible fee. The Project mainly relies on ‘word of mouth’ advertising and clearly this continues to work as the Project has continued being visited by new people each day saying that they had heard about JSNSRP by friends or family members and therefore knowledge of the Project and its service has grown in strength. Details of JSNSRP can also be found on the “Reducing and Reusing Waste” page of the North Somerset Council website and on Google maps.Between October 2018 and September 2019, 10 volunteers worked with the Project.
StakeholdersJSNSRP’s main stakeholders are residents and businesses of North Somerset respectively bringing in their unwanted goods and paint and buying such goods and paint.The environmental service the Project provides to the whole community of North Somerset and, in the spirit of the Project and the way it continues and why it was initially founded, has gained much support in return. JSNSRP has proven that residents and businesses alike are keen on having their unwanted items reused as opposed to taking them to landfill.The Project relies on volunteers and between October 2018 and end of September 2019 provided local residents with voluntary work from all ages and backgrounds; from those who are unemployed, attending higher education, retired and semi-retired people. Although losing some volunteers during this period, due to ill health, returning to higher education and moving on to paid work, the Project gained new volunteers. The Project has also been proud to enable a new volunteer to complete her Duke of Edinburgh Award.The Project has the continuing support of North Somerset Council.The Project is a member of the nationally acclaimed Community Repaint Scheme which is sponsored by Dulux through Resource Futures based in Bristol. The Project checks and if necessary, ‘cleans’ the paint brought in to ensure it is still useable. Between October 2018 and end of September 2019, the Project received 1,425 litres of unwanted paint from residents and businesses; of this figure, the Project sold and redistributed 1,553 litres to 477 individuals and community.The director and co-founder of JSNSRP has lived in North Somerset for several years and has continued the Project based on the experience and ethos of her son, James Scott, also co-founder of the Project. After setting up the Project, at the young age of just 34, James sadly died in May 2014. The Project is dedicated to, and continues in His loving memory.
The total amount paid or receivable by directors in respect of qualifying services was £9,914.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.The company sublets part of its business premises to the Director, Mrs Patricia Scott. The rent payable by Mrs Scott is calculated at open market value and the gross amount receivable in the year to 30 September 2019 was £1,545 (2018 - £1,545). However in view of the fact that company stores goods in the specific area rented by Mrs Scott, the company grants a 50% discount to the lessee.The company also purchased closing stock from its director's sole trade which ceased on 30 September 2019. The value of the stock purchased at cost (including VAT) was £1,154.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 June 2020
And signed on behalf of the board by:
Name: Mrs Patricia Scott
Status: Director