CARGO BIKE MOVEMENT CIC

Company limited by guarantee

Company Registration Number:
SC680328 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

CARGO BIKE MOVEMENT CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

CARGO BIKE MOVEMENT CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The company's principal activity during the year continued to be Freight transport by road.



Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Lee Craigie


The director shown below has held office during the period of
30 November 2023 to 30 November 2023

Luke Collins


The directors shown below have held office during the period of
20 March 2023 to 30 November 2023

Naomi Arnold
Thomas Whittle


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
29 August 2024

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

CARGO BIKE MOVEMENT CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 129,211 90,395
Cost of sales: ( 400 ) ( 5,969 )
Gross profit(or loss): 128,811 84,426
Distribution costs: 0 0
Administrative expenses: ( 94,422 ) ( 101,639 )
Other operating income: 0 0
Operating profit(or loss): 34,389 (17,213)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 34,389 (17,213)
Tax: 0 0
Profit(or loss) for the financial year: 34,389 (17,213)

CARGO BIKE MOVEMENT CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 30,807 12,753
Investments:   0 0
Total fixed assets: 30,807 12,753
Current assets
Stocks:   0 0
Debtors:   0
Cash at bank and in hand: 42,176 18,192
Investments:   0 0
Total current assets: 42,176 18,192
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 9,484 ) ( 1,329 )
Net current assets (liabilities): 32,692 16,863
Total assets less current liabilities: 63,499 29,616
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 46,323 ) ( 46,829 )
Total net assets (liabilities): 17,176 (17,213)
Members' funds
Profit and loss account: 17,176 ( 17,213)
Total members' funds: 17,176 (17,213)

The notes form part of these financial statements

CARGO BIKE MOVEMENT CIC

Balance sheet statements

For the year ending 30 November 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 29 August 2024
and signed on behalf of the board by:

Name: Luke Collins
Status: Director

The notes form part of these financial statements

CARGO BIKE MOVEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

CARGO BIKE MOVEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

CARGO BIKE MOVEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 20,129 20,129
Additions 25,756 25,756
Disposals
Revaluations
Transfers
At 30 November 2023 45,885 45,885
Depreciation
At 1 December 2022 7,376 7,376
Charge for year 7,702 7,702
On disposals
Other adjustments
At 30 November 2023 15,078 15,078
Net book value
At 30 November 2023 30,807 30,807
At 30 November 2022 12,753 12,753

CARGO BIKE MOVEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 14
Taxation and social security 9,470 328
Other creditors 1,001
Total 9,484 1,329

COMMUNITY INTEREST ANNUAL REPORT

CARGO BIKE MOVEMENT CIC

Company Number: SC680328 (Scotland)

Year Ending: 30 November 2023

Company activities and impact

In 22/23, our bikes went out on loan for a total of 992 days across 109 different loans. This includes personal loans; both day and long-term loans, business loans, and community group loans such as to Edinburgh Tool Library and SCOREscotland. We trained 65 people in Cycle Scotland Cargo Bike Orientation. We attended 19 events across Edinburgh. We engaged with 7,700 people at these events giving practical demonstrations, advice and information. This year our bikes have been ridden 8,887 miles. We launched our myTurn page - with 31 members, which has helped facilitate 15 cargobikes loans. Our volunteers have collected 46.1 tonnes of surplus food from supermarkets. Saving 28.9 tonnes CO2e compared to the food going to landfill, and 410 kg CO2e compared to the food going for anaerobic digestion.

Consultation with stakeholders

“We were able to act quickly when we needed to make short deliveries that would have been done with the van and we're now planning in our deliveries and other logistics for next year to reduce carbon emissions even further “ “Every time I see what these amazing bikes are capable of, it reassures me that I feel I would manage to do many things I would otherwise do by car by cargo bike... I feel a lot of joy being able to get from A to B to C riding these bikes, so most of the experience is memorable in a good way! I like being able to assert myself on the road and be one more example for folk that cars are far from the only option we have for these kinds of journeys.” “I knew already that cars should be used as little as possible. However, it was a nice confirmation that it is easier and so much funner to move stuff with a cargo bike than with a car, as I would have done it in the past before discovering cargo bikes.” “The amount of conversation people started over the bike! Everyone was very positive about it.” “I immensely enjoyed accessing green spaces and sharing/ introducing my children to longer distance cycling. Going down some of the cycle paths in the meadows during a pleasant summer afternoon was particularly memorable." “The feeling of joy as it cruised along and bystanders would give admiring looks!”

Directors' remuneration

Wages submitted via accounts - £46,762.00

Transfer of assets

No transfer of assets other than for full consideration

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

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