FASHIONS FINEST COMMUNITY INTEREST COMPANY
FASHIONS FINEST COMMUNITY INTEREST COMPANY
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Company Registration Number:
07836637 (England and Wales)
Unaudited statutory accounts for the year ended 30 November 2021
Period of accounts
Start date: 1 December 2020
End date: 30 November 2021
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Contents of the Financial Statements
for the Period Ended 30 November 2021
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2021
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 December 2020 to 30 November 2021
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
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Profit And Loss Account
for the Period Ended
| 2021 | 2020 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Cost of sales: | ( | ( |
| Gross profit(or loss): | ( | |
| Distribution costs: | ( | |
| Administrative expenses: | ( | ( |
| Other operating income: | | |
| Operating profit(or loss): | ( | ( |
| Interest receivable and similar income: | | |
| Interest payable and similar charges: | ( | ( |
| Profit(or loss) before tax: | ( | ( |
| Profit(or loss) for the financial year: | ( | ( |
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Balance sheet
As at
| Notes | 2021 | 2020 | |
|---|---|---|---|
| | £ | £ | |
| Current assets | |||
| Debtors: | 3 | | |
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 4 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Creditors: amounts falling due after more than one year: | 5 | ( | ( |
| Total net assets (liabilities): | ( | ( | |
| Capital and reserves | |||
| Called up share capital: | | | |
| Profit and loss account: | ( | ( | |
| Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Balance sheet 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
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 November 2021
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 November 2021
-
2. Employees
2021 2020 Average number of employees during the period 2 2
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 November 2021
3. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade debtors | | |
| Total | | |
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 November 2021
4. Creditors: amounts falling due within one year note
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade creditors | | |
| Taxation and social security | | |
| Accruals and deferred income | | |
| Other creditors | | |
| Total | | |
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 November 2021
5. Creditors: amounts falling due after more than one year note
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
FASHIONS FINEST COMMUNITY INTEREST COMPANY
Company Number: 07836637 (England and Wales)
Year Ending: 30 November 2021
Company activities and impact
The company hosts an online sustainable fashion platform along with events for start-ups, small business locally, nationally and internationally. These events open doors to local small businesses in the community and wider community to take part by attending, supporting and purchasing items and learning more about fashion, how to hop better and work at slowing down on their consumption, throwing away less and becoming more sustainable in everyday life.During the financial year 2020-2021, the company came out of the COVID lockdown July 21st and since then has been working at building back the loss of business and activities.The community has benefitted over this period in the following ways:- local, and national small businesses have been given the opportunity to showcase their brands on a professional stage during the biggest fashion event of the year in London, London Fashion week. To network and meet people that they would never have had the opportunity to meet.- the company has provided full-time or part-time internships for 20 students studying fashion, fashion marketing, fashion PR, media studies and journalism.- the company has provided part-time volunteering opportunities for students in the local and wider community where they can get hands-on experience in the fashion industry they intend to work in. - over 1000 start-ups and early-stage businesses have engaged with us and have been supported with their businesses in various ways.- over 1000 business have been featured in our online magazine
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
1 August 2022
And signed on behalf of the board by:
Name: Deborah St. Louis
Status: Director