VEGANWHEELS CIC

Company Registration Number:
SC651179 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

VEGANWHEELS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

VEGANWHEELS CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 2,304 23,222
Cost of sales: ( 2,073 ) ( 20,605 )
Gross profit(or loss): 231 2,617
Distribution costs: 0 0
Administrative expenses: ( 65 ) ( 864 )
Other operating income: 0
Operating profit(or loss): 166 1,753
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 166 1,753
Tax: 0
Profit(or loss) for the financial year: 166 1,753

VEGANWHEELS CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 2,421 2,587
Investments:   0 0
Total current assets: 2,421 2,587
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 2,421 2,587
Total assets less current liabilities: 2,421 2,587
Total net assets (liabilities): 2,421 2,587
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,420 2,586
Total Shareholders' funds: 2,421 2,587

The notes form part of these financial statements

VEGANWHEELS 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 26 August 2024
and signed on behalf of the board by:

Name: Andrew Yeung
Status: Director

The notes form part of these financial statements

VEGANWHEELS 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

VEGANWHEELS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

COMMUNITY INTEREST ANNUAL REPORT

VEGANWHEELS CIC

Company Number: SC651179 (Scotland)

Year Ending: 31 January 2024

Company activities and impact

Have delivered over 3, 500 orders to the vegan community by bicycle saving 2,402 kg of CO2, Donated £2000 to a local animal sanctuary Allowed customers to purchase vegan products without sacrificing their integrity by paying companies who profit from animal exploitation. Provided employment for 5 people.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £7,493.66. 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 August 2024

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