TYRED N CRANKY CIC

Company limited by guarantee

Company Registration Number:
SC721060 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 26 January 2022

End date: 31 January 2023

TYRED N CRANKY CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

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

TYRED N CRANKY CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023


£
Turnover: 8,398
Cost of sales: ( 8,398 )
Gross profit(or loss): 0
Distribution costs: ( 8,072 )
Administrative expenses: ( 4,825 )
Other operating income: 0
Operating profit(or loss): (12,897)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (12,897)
Tax: 0
Profit(or loss) for the financial year: (12,897)

TYRED N CRANKY CIC

Balance sheet

As at 31 January 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 5,491
Total fixed assets: 5,491
Current assets
Stocks: 4 1,705
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 1,705
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1,705
Total assets less current liabilities: 7,196
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 7,196
Members' funds
Profit and loss account: 7,196
Total members' funds: 7,196

The notes form part of these financial statements

TYRED N CRANKY CIC

Balance sheet statements

For the year ending 31 January 2023 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 2 February 2023
and signed on behalf of the board by:

Name: Tim Bowden
Status: Director

The notes form part of these financial statements

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 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

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

    Current employees include only Darren Farquhar and Tim Bowden, both of whom are directors.

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 8,237 8,237
Disposals
Revaluations
Transfers
At 31 January 2023 8,237 8,237
Depreciation
Charge for year 2,746 2,746
On disposals
Other adjustments
At 31 January 2023 2,746 2,746
Net book value
At 31 January 2023 5,491 5,491

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Stocks

2023
£
Stocks 1,705
Payments on account 0
Total 1,705

COMMUNITY INTEREST ANNUAL REPORT

TYRED N CRANKY CIC

Company Number: SC721060 (Scotland)

Year Ending: 31 January 2023

Company activities and impact

During our first financial year we were able to provide free bike servicing using the Scotland Cycle Repair Scheme (SCRS) fund managed by Cycling Scotland to approximately 50 individuals and families. We did this in a mobile capacity visiting small rural communities in the North East of Scotland who might otherwise not have been able to get their bike working due to financial hardship, and or transport poverty (the nearest regular bikes shop was approximately 50 miles round trip away.We were also able to provide community pop-up bike shops to 4 communities during this time, giving them access to buy parts and accessories, ask for impartial advice on buying a new bike, and provide repair ad service facilities.Through the adult cycle training fund managed by Cycling Scotland we were also able to teach approximately 4o adults in Aberdeen to learn to ride a bike which they had never done before, at no cost to them, and with all equipment provided. We did this at their workplaces so that they did not need to take time of work or travel to access this, and it was completely free.Through partnership working with other organisations we were also able to provide free bike safety checks to children's bikes through schools to ensure that they had bikes that were both safe and working so that they could choose an active travel alternative to get to school.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Both directors (Darren and Tim) received directors remuneration during our first year of trading.Darren and Tim only receive payment for employed work however, and in addition to the work we are paid for, we also work in an unpaid capacity planning, communicating, publicising, networking, travelling etc.No payments are made to the directors whatsoever for any reason other than paid employment and reimbursement of expenses incurred, the same as any other employee who is not a director.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 February 2023

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