READING BICYCLE KITCHEN CIC

Company limited by guarantee

Company Registration Number:
08846909 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

READING BICYCLE KITCHEN CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

READING BICYCLE KITCHEN CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 63,676 61,574
Cost of sales: ( 3,581 ) ( 4,034 )
Gross profit(or loss): 60,095 57,540
Administrative expenses: ( 36,744 ) ( 25,529 )
Other operating income: 1,415
Operating profit(or loss): 24,766 32,011
Profit(or loss) before tax: 24,766 32,011
Tax: ( 4,914 ) ( 6,131 )
Profit(or loss) for the financial year: 19,852 25,880

READING BICYCLE KITCHEN CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 816 1,020
Investments:   0
Total fixed assets: 816 1,020
Current assets
Stocks: 4 400 0
Debtors:   0 0
Cash at bank and in hand: 114,975 96,506
Investments:   0 0
Total current assets: 115,375 96,506
Creditors: amounts falling due within one year: 5 ( 6,055 ) ( 7,242 )
Net current assets (liabilities): 109,320 89,264
Total assets less current liabilities: 110,136 90,284
Total net assets (liabilities): 110,136 90,284
Members' funds
Profit and loss account: 110,136 90,284
Total members' funds: 110,136 90,284

The notes form part of these financial statements

READING BICYCLE KITCHEN CIC

Balance sheet statements

For the year ending 31 January 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 4 March 2024
and signed on behalf of the board by:

Name: John Ray Edward Crosthwaite
Status: Director

The notes form part of these financial statements

READING BICYCLE KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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

READING BICYCLE KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

READING BICYCLE KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 5,608 5,608
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 5,608 5,608
Depreciation
At 1 February 2023 4,588 4,588
Charge for year 204 204
On disposals
Other adjustments
At 31 January 2024 4,792 4,792
Net book value
At 31 January 2024 816 816
At 31 January 2023 1,020 1,020

READING BICYCLE KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 400
Payments on account 0
Total 400 0

READING BICYCLE KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 4,943 6,131
Accruals and deferred income 480 479
Other creditors 632 632
Total 6,055 7,242

COMMUNITY INTEREST ANNUAL REPORT

READING BICYCLE KITCHEN CIC

Company Number: 08846909 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

PROVIDING TOOLS AND SPACE FOR CYCLISTS TO LEARN TO REPAIR THEIR BICYCLES AND THE RESALE OF REPAIRED DONATED BICYCLES. THIS SUPPORTS THE LOCAL COMMUNITY, ENCOURAGES SUSTAINABLE TRANSPORT, AND BENEFITS THE LOCAL COMMUNITY.

Consultation with stakeholders

THE COMPANY IS RUN ENTIRELY BY VOLUNTEERS WHO MEET REGULARLY SO VOLUNTEERS CAN CONTRIBUTE WITH SUGGESTIONS AND IDEAS.

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
4 March 2024

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