for the Period Ended 31 December 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 31 December 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 December 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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Operating profit(or loss): |
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Interest payable and similar charges: |
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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 | 2023 | 2022 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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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: | 5 |
(
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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 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 December 2023
The company makes affordable sports electric wheelchairs for severely disabled people.The impact of our work is that players have to raise £2000 to £4000 less funds to buy a power football or power football/hockey chair from us compared to other suppliers. Due to the chairs being cheaper power football clubs from all over Britain have been able to afford chairs for their players. In 2023 the CIC has made chairs for clubs in Leeds, Newcastle, Darlington, Liverpool, Brighton, Bolton, Manchester & Middlesborough. We have started to export to France too. The chairs have had a big impact in clubs allowing more disabled people to participate in sport. The CIC has also supported the development of Power Hockey which is a new power sport for disabled people. In 2023 two new hubs have been set up in Middlesbrough & Durham, the hubs provide weekly training sessions for players.
No consultation with stakeholders
The Managing Director was paid £9,225 (after tax etc) salary for his work with the company during the year. His role included ordering parts, delivering chairs, selling chairs, staff management & financial management. 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
29 August 2024
And signed on behalf of the board by:
Name: Peter Wyman
Status: Director