THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
05431185 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Political and charitable donations

During the year the company made £24,000 of charitable donations (2023 £28,800)



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

J Lewis
E Ryder
S Young


Secretary S Jennings

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
3 October 2024

And signed on behalf of the board by:
Name: S Young
Status: Director

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,485 1,927
Total fixed assets: 4,485 1,927
Current assets
Debtors: 4 36,913 17,678
Cash at bank and in hand: 193,071 205,307
Total current assets: 229,984 222,985
Creditors: amounts falling due within one year: 5 ( 215,693 ) ( 212,823 )
Net current assets (liabilities): 14,291 10,162
Total assets less current liabilities: 18,776 12,089
Total net assets (liabilities): 18,776 12,089
Members' funds
Profit and loss account: 18,776 12,089
Total members' funds: 18,776 12,089

The notes form part of these financial statements

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 2024 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 3 October 2024
and signed on behalf of the board by:

Name: S Young
Status: Director

The notes form part of these financial statements

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 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, excluding discounts, rebates, value added tax and other sales taxes. The portion of turnover that represents future service delivery is held in the Deferred Income Account.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 3 years straight line method

    Other accounting policies

    Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 14,965 14,965
Additions 5,282 5,282
Disposals
Revaluations
Transfers
At 30 April 2024 20,247 20,247
Depreciation
At 1 May 2023 13,038 13,038
Charge for year 2,724 2,724
On disposals
Other adjustments
At 30 April 2024 15,762 15,762
Net book value
At 30 April 2024 4,485 4,485
At 30 April 2023 1,927 1,927

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 33,740 14,521
Prepayments and accrued income 3,173 3,157
Total 36,913 17,678

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 18,123 18,635
Taxation and social security 6,950 6,720
Accruals and deferred income 189,458 185,878
Other creditors 1,162 1,590
Total 215,693 212,823

COMMUNITY INTEREST ANNUAL REPORT

THAMES VALLEY OPERATORS COMMUNITY INTEREST COMPANY

Company Number: 05431185 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The company’s activities relate to the development and marketing of computer software for community transport operators and local authorities throughout the UK and Ireland. This includes the operation of buses, voluntary car schemes, and shopmobility. The company primarily markets the software to operators registered as charitable organisations of local authorities. Smaller community transport operators and local authorities are now able to purchase professional software at an economic cost, enabling them to become more efficient, resulting in better use of their resources.

Consultation with stakeholders

The company’s stakeholders are three charitable organisations who are consulted via nominated contacts. Two of the three are also represented on the board of directors. All profits are equally distributed to the three organisations. This provides an additional funding stream for these charitable organisations.

Directors' remuneration

Full disclosure of director’s remuneration is in the accounts, totalling £87781. There were no other transactions or ar-rangements in connection with the remuneration of Directors, or compensation for Director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 October 2024

And signed on behalf of the board by:
Name: E Ryder
Status: Director