TYRED N CRANKY CIC

Company limited by guarantee

Company Registration Number:
SC721060 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

TYRED N CRANKY CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TYRED N CRANKY CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,350 0
Investments:   0 0
Total fixed assets: 3,350 0
Current assets
Stocks:   0 0
Debtors: 4 403 2
Cash at bank and in hand: 18,913 4,271
Investments:   0 0
Total current assets: 19,316 4,273
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 25,891 ) ( 6,558 )
Net current assets (liabilities): (6,575) (2,285)
Total assets less current liabilities: (3,225) ( 2,285)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (3,225) (2,285)
Members' funds
Profit and loss account: (3,225) ( 2,285)
Total members' funds: ( 3,225) (2,285)

The notes form part of these financial statements

TYRED N CRANKY CIC

Balance sheet statements

For the year ending 31 January 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 23 October 2024
and signed on behalf of the board by:

Name: Timothy Paul Bowden
Status: Director

The notes form part of these financial statements

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 0 0
Additions 5,000 5,000
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 January 2024 5,000 5,000
Depreciation
At 1 February 2023 0 0
Charge for year 1,650 1,650
On disposals 0 0
Other adjustments 0 0
At 31 January 2024 1,650 1,650
Net book value
At 31 January 2024 3,350 3,350
At 31 January 2023 0 0

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 0
Prepayments and accrued income 0 0
Other debtors 403 2
Total 403 2
Debtors due after more than one year: 0 0

TYRED N CRANKY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 16
Accruals and deferred income 957 479
Other creditors 24,934 6,063
Total 25,891 6,558

COMMUNITY INTEREST ANNUAL REPORT

TYRED N CRANKY CIC

Company Number: SC721060 (Scotland)

Year Ending: 31 January 2024

Company activities and impact

We are a mobile bike services social enterprise. We carry out all number of bike and cycling activities on a mobile basis in and around the towns and communities of the North East of Scotland. Examples include, adult cycle training, cycle maintenance, free to participate activities such as giving bikes away to young people in need, free bike safety checks. Our work is paid for in some cases by individuals and organisations, and in other cases we are awarded funding to carry them out. Our impact is that we reach small rural and isolated communities that would otherwise not have access to such services, and we keep people moving (by bike) to contribute towards better overall health and wellbeing, and for the benefit of the environment.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

As a CIC we do not take any shares or dividend payments at all. Any and all payments to directors is purely salary payments for services worked, which is processed via monthly payroll with PAYE.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Timothy Paul Bowden
Status: Director