HONG KONG BUS ASSOCIATION CIC

Company limited by guarantee

Company Registration Number:
12423799 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HONG KONG BUS ASSOCIATION CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HONG KONG BUS ASSOCIATION CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 35,772 9,888
Investments:   0 0
Total fixed assets: 35,772 9,888
Current assets
Stocks: 4 0 49
Debtors: 5 6,782 13,883
Cash at bank and in hand: 3,509 1,017
Investments:   0 0
Total current assets: 10,291 14,949
Prepayments and accrued income: 80 80
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 10,371 15,029
Total assets less current liabilities: 46,143 24,917
Creditors: amounts falling due after more than one year: 6 ( 39,218 ) ( 25,434 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 6,925 (517)
Members' funds
Profit and loss account: 6,925 ( 517)
Total members' funds: 6,925 (517)

The notes form part of these financial statements

HONG KONG BUS ASSOCIATION 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 30 October 2024
and signed on behalf of the board by:

Name: Ka Chun Li
Status: Director

The notes form part of these financial statements

HONG KONG BUS ASSOCIATION 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

    Tangible fixed assets depreciation policy

    Heritage Fleet: NIL depreciation Commercial Fleet: 20% straight line

HONG KONG BUS ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HONG KONG BUS ASSOCIATION 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 12,209 12,209
Additions 2,223 32,868 35,091
Disposals ( 4,000 ) ( 4,000 )
Revaluations
Transfers
At 31 January 2024 2,223 41,077 43,300
Depreciation
At 1 February 2023 0 2,321 2,321
Charge for year 42 5,165 5,207
On disposals
Other adjustments
At 31 January 2024 42 7,486 7,528
Net book value
At 31 January 2024 2,181 33,591 35,772
At 31 January 2023 0 9,888 9,888

HONG KONG BUS ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 0 49
Payments on account 0 0
Total 0 49

HONG KONG BUS ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 6,782 13,883
Total 6,782 13,883
Debtors due after more than one year: 0 0

HONG KONG BUS ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 39,218 25,434
Total 39,218 25,434

COMMUNITY INTEREST ANNUAL REPORT

HONG KONG BUS ASSOCIATION CIC

Company Number: 12423799 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

HKba has continued to provide vehicles to support CommMiniBus' rural public transport service. We organised events showcasing historical vehicles and enabled participants to ride on the vehicles.

Consultation with stakeholders

We had meetings with volunteers and have made changes to our plans according to the comments received and the feedback we got from participants of our events.

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: Ka Chun Li
Status: Director