for the Period Ended 30 November 2023
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 November 2023
Directors
The directors shown below have held office during the whole of the period from
1 December 2022
to
30 November 2023
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
2023 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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(
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Operating profit(or loss): |
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( |
Profit(or loss) before tax: |
( |
( |
Tax: |
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2023 | 2022 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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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 November 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 30 November 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2022 |
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Additions | ||||||
Disposals |
(
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Revaluations | ||||||
Transfers | ||||||
At 30 November 2023 |
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Depreciation | ||||||
At 1 December 2022 |
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Charge for year |
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On disposals |
(
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(
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(
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Other adjustments | ||||||
At 30 November 2023 |
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Net book value | ||||||
At 30 November 2023 |
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At 30 November 2022 |
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for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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During the financial year to 30 November 2023 we have continued to run our projects helping benefit our community. We host 3 volunteer session each week running throughout the year. The session our popular with a wide range of people (retired, people suffering with mental health issues, unemployed looking to learn new skills and refuges), the sessions provide an opportunity for them to develop skills, socialise and work in a team. In exchange Bicycle Links offers the volunteers a safe environment, someone to talk to, lunch, and references for job applications; Delivered our Welcome wheels project getting bicycles out to refugees and alyssum seekers through funding, supplying a bicycles and safety package, this project is highly popular, it allows us to meet new members of the community, when the bicycles are collected but as we work closely with partner originations we have created great links across Norwich. Our cycle link project was renewed for another year, allowing beneficiaries from partner organisations to receive a discount voucher for a large discount on a bicycle and safety package, this has allowed people seeking employment away of accessing services that may have been to far to reach before, for a lot smaller cost than if they had tried to buy a new bicycle. Continued to recycle unwanted bicycles, refurbish them and sell them at a reasonable cost to people who need transport to get to jobs, college or university. This benefits the environment (recycling and reusing materials) as well as the local population (providing reliable second-hand bikes); We have also maintained our trading activities which underwrite and support all our social impact projects, aiming to keep our prices as fair priced as possible allowing as many people from the community to keep their bicycles running.
The company stakeholders include our volunteers, local customers who use our shop, Public and voluntary sector organisations that refer people to our projects or request help or donations of items, and our staff The Directors have engaged in conferences and meetings of the local volunteering sector. also subscribing to social enterprise groups to learn how better to help the community. We now have regular chats with our volunteers to see how they might suggest we change the sessions to help them better. We also tried to have regular staff meetings to make sure that our working environment and any staff concerns were addressed. Regular consultations on any social projects with the partner originations help make sure they are running smoothly and benefitting the right people
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
23 August 2024
And signed on behalf of the board by:
Name: Robert Harber
Status: Director