IRIS Accounts Production v24.2.0.383 01111307 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011113072022-12-31011113072023-12-31011113072023-01-012023-12-31011113072021-12-31011113072022-01-012022-12-31011113072022-12-3101111307ns15:EnglandWales2023-01-012023-12-3101111307ns14:PoundSterling2023-01-012023-12-3101111307ns10:Director12023-01-012023-12-3101111307ns10:CompanyLimitedByGuarantee2023-01-012023-12-3101111307ns10:SmallEntities2023-01-012023-12-3101111307ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101111307ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101111307ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101111307ns10:FullAccounts2023-01-012023-12-3101111307ns10:Director22023-01-012023-12-3101111307ns10:Director32023-01-012023-12-3101111307ns10:RegisteredOffice2023-01-012023-12-3101111307ns5:CurrentFinancialInstruments2023-12-3101111307ns5:CurrentFinancialInstruments2022-12-3101111307ns5:RetainedEarningsAccumulatedLosses2023-12-3101111307ns5:RetainedEarningsAccumulatedLosses2022-12-3101111307ns5:CostValuation2022-12-3101111307ns5:DisposalsRepaymentsInvestments2023-12-3101111307ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3101111307ns5:CostValuation2023-12-3101111307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101111307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 01111307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED

THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01111307)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M I Bickerton
P L Darnton
S J D Garidis





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 01111307 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01111307)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,019,555 977,515

CURRENT ASSETS
Debtors 5 169,262 155,566
Cash at bank 189,914 527,039
359,176 682,605
CREDITORS
Amounts falling due within one year 6 363,983 665,045
NET CURRENT (LIABILITIES)/ASSETS (4,807 ) 17,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,748

995,075

PROVISIONS FOR LIABILITIES - 417
NET ASSETS 1,014,748 994,658

RESERVES
Income and expenditure account 1,014,748 994,658
1,014,748 994,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01111307)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:





S J D Garidis - Director


THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01111307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Bicycle Association Of Great Britain Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

THE BICYCLE ASSOCIATION OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01111307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 977,515
Disposals (3,507 )
Revaluations 45,547
At 31 December 2023 1,019,555
NET BOOK VALUE
At 31 December 2023 1,019,555
At 31 December 2022 977,515

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 47,877
Cost 971,678
1,019,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,895 145,946
Other debtors 39,367 9,620
169,262 155,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 235,888 566,965
Taxation and social security 5,504 4,503
Other creditors 122,591 93,577
363,983 665,045