SCOOTSPORT CIC

Company limited by guarantee

Company Registration Number:
08624943 (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

SCOOTSPORT CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SCOOTSPORT CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Creditors: amounts falling due within one year: 3 ( 40,974 ) ( 35,977 )
Net current assets (liabilities): (40,974) (35,977)
Total assets less current liabilities: (40,974) ( 35,977)
Total net assets (liabilities): (40,974) (35,977)
Members' funds
Profit and loss account: (40,974) ( 35,977)
Total members' funds: ( 40,974) (35,977)

The notes form part of these financial statements

SCOOTSPORT CIC

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 28 October 2024
and signed on behalf of the board by:

Name: Mr D J Maker
Status: Director

The notes form part of these financial statements

SCOOTSPORT CIC

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

    Turnover policy

    Turnover represents amounts receivable in respect of sponsorship and other funding. Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

    Other accounting policies

    Financial instruments Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Basic financial liabilities Basic financial liabilities that have no stated interest rate and are payable within one year, are measured at transaction price. Other basic financial liabilities are measured at amortised cost. Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

SCOOTSPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SCOOTSPORT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 0 1,100
Taxation and social security 2,400 1,200
Other creditors 38,574 33,677
Total 40,974 35,977

COMMUNITY INTEREST ANNUAL REPORT

SCOOTSPORT CIC

Company Number: 08624943 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company provides a national governing body for the sport of freestyle scootering. It provides a safe, fun environment for children to compete on their scooters throughout the UK. The company also delivers a project to local communities called Scoot To School which educates children on how to get to school on their scooters safely. This helps communities with road safety for children and also promotes an active lifestyle for young people.

Consultation with stakeholders

Stakeholders are the children who take part in the sport of scootering, together with their parents. The company has an active social media representation where feedback is actively sought and acted upon after consultation.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mr D J Maker
Status: Director