for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
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
2024 | 2023 | |
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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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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Current assets | |||
Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Accruals and deferred income: |
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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 31 March 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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Thighs of Steel CIC organised cycle adventures, raising money for grassroots refugee projects in the year 2023 – 2024. In this year, 102 cyclists joined our main summer bike rides (8 week-long rides from Glasgow to Athens). The ways in which we have benefited the community are: - Creating cycle adventures that are accessible to a wide range of abilities and ages. - Promoting and encouraging healthy activities and lifestyles. The ride and training rides encourage people to use bicycles and therefore their bodies to travel, increasing health and fitness. - Promoting slow and more environmentally friendly modes of travel. - By providing a positive adventure, we give people an empowering and confidence building experience. - We also run London and Bristol cycle clubs where people can come together and meet other people in the community, which develops and enhances the benefits listed above.
The company stakeholders are the participants in the bike rides, especially the core team members who lead the rides. We consult with them on the success of our activities by sending out a questionnaire at the end of the ride that they fill in anonymously online. For the core team ride leaders, we have a detailed debriefing process, including 1-1 phone calls with a director and also a group meet-up to gather feedback. From this feedback, we decided to pause our summer ride in 2024 so that we could develop a long term strategy for 2025 and beyond.
The aggregate amount of wages paid to directors was £12,847. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 August 2024
And signed on behalf of the board by:
Name: David Charles
Status: Director