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Company Registration Number:
06685049 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

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Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 12,556 18,259
Tangible assets: 4 24,477 29,836
Total fixed assets: 37,033 48,095
Current assets
Stocks: 5 139,898 158,812
Debtors: 6 50,770 42,809
Cash at bank and in hand: 5,637 8,063
Total current assets: 196,305 209,684
Creditors: amounts falling due within one year: 7 ( 194,412 ) ( 119,176 )
Net current assets (liabilities): 1,893 90,508
Total assets less current liabilities: 38,926 138,603
Creditors: amounts falling due after more than one year: 8 ( 78,257 ) ( 124,570 )
Total net assets (liabilities): (39,331) 14,033
Capital and reserves
Called up share capital: 45,600 45,600
Other reserves: 4,175 4,175
Profit and loss account: (89,106 ) (35,742 )
Total Shareholders' funds: ( 39,331 ) 14,033

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 July 2024
and signed on behalf of the board by:

Name: Joanne Mahon
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 December 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

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Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 12 12

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Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 70,000 34,620 104,620
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 70,000 34,620 104,620
Amortisation
At 1 January 2023 56,350 30,011 86,361
Charge for year 4,550 1,153 5,703
On disposals
Other adjustments
At 31 December 2023 60,900 31,164 92,064
Net book value
At 31 December 2023 9,100 3,456 12,556
At 31 December 2022 13,650 4,609 18,259

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Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 33,312 25,504 79,412 65,051 45,991 249,270
Additions 2,559 2,559
Disposals
Revaluations
Transfers
At 31 December 2023 33,312 25,504 79,412 67,610 45,991 251,829
Depreciation
At 1 January 2023 29,492 20,500 76,220 62,355 30,867 219,434
Charge for year 382 1,251 798 1,706 3,781 7,918
On disposals
Other adjustments
At 31 December 2023 29,874 21,751 77,018 64,061 34,648 227,352
Net book value
At 31 December 2023 3,438 3,753 2,394 3,549 11,343 24,477
At 31 December 2022 3,820 5,004 3,192 2,696 15,124 29,836

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Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 139,898 158,812
Total 139,898 158,812

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Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 29,805 20,912
Prepayments and accrued income 20,965 21,897
Total 50,770 42,809

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Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,948
Trade creditors 50,708 27,785
Taxation and social security 16,105 22,500
Accruals and deferred income 103,566 65,287
Other creditors 18,085 3,604
Total 194,412 119,176

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Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 32,217 42,130
Other creditors 46,040 82,440
Total 78,257 124,570

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 06685049 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

We have supported people with disabilities to take up or continue cycling providing: Free advice and on-site demos Assessments for individual needs Innovative solutions to enable anyone to cycle Customised adoptions and accessories Refurbish used cycles for those on low budgets Special events for people with disabilities Community bike shop in York Financial support for Everybody's Cycling charitable CBS via subsidised rent and facilities We have also been successful in an application for funding from the Motability Foundation to provide free and low-cost cycle hire for people with disabilities, which we will be delivering throughout 2024 for 3 years.

Consultation with stakeholders

Our main stakeholders are our disabled customers and their families from across the UK, plus local residents, workers, and visitors who are keen to support a not-for-profit community organisation. We also work closely with disability charities and support groups who inform our methods of working and advise us on how we can better serve their members. The previous facilitation of a working group of inclusivity advocates from influential cycling organisations, to ensure we have long term sustainable and affordable cycling options and opportunities for those with disabilities who want to be able to cycle, has resulted in the success of several grant applications across the country for free and low-cost cycle hire. We take part in local and national initiatives to improve the status and accessibility of disability cycling. We obtain feedback from all of our stakeholders and improve our services accordingly. We have grown our board from five to seven directors, six of whom advise from the viewpoint of a lived experience of disabilities, as well as providing other invaluable professional advice and support, and one who is a very successful cycling retail professional.

Directors' remuneration

Only one director has been renumerated, as outlined in the financial accounts I see. This is our founder and Executive Chair who has worked for a nominal sum to help us through a challenging few years dealing with the ongoing impact of COVID and Brexit, as well as leading the very successful and collaborative work to secure ongoing funding from Motability Foundation.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 July 2024

And signed on behalf of the board by:
Name: Joanne Mahon, CEO
Status: Director