SOUTH PENNINE COMMUNITY TRANSPORT CIC

Company limited by guarantee

Company Registration Number:
09454154 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Kevin Andrew Carr
Helen Carr


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
20 November 2024

And signed on behalf of the board by:
Name: Kevin Andrew Carr
Status: Director

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 2,072,102 1,290,076
Cost of sales: ( 880,384 ) ( 574,630 )
Gross profit(or loss): 1,191,718 715,446
Administrative expenses: ( 1,167,424 ) ( 695,965 )
Operating profit(or loss): 24,294 19,481
Profit(or loss) before tax: 24,294 19,481
Profit(or loss) for the financial year: 24,294 19,481

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 369,145 181,899
Total fixed assets: 369,145 181,899
Current assets
Debtors: 4 12,000 12,000
Cash at bank and in hand: 5,538 9,875
Total current assets: 17,538 21,875
Net current assets (liabilities): 17,538 21,875
Total assets less current liabilities: 386,683 203,774
Creditors: amounts falling due after more than one year: 5 ( 307,822 ) ( 149,207 )
Total net assets (liabilities): 78,861 54,567
Members' funds
Profit and loss account: 78,861 54,567
Total members' funds: 78,861 54,567

The notes form part of these financial statements

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Balance sheet statements

For the year ending 28 February 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.

This report was approved by the board of directors on 20 November 2024
and signed on behalf of the board by:

Name: Kevin Andrew Carr
Status: Director

The notes form part of these financial statements

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Notes to the Financial Statements

for the Period Ended 28 February 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 represents the value, net of VAT and discounts, of goods provided to customers.

    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: Computer equipment 20% Reducing balance

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 2,475 2,456 201,496 206,427
Additions 17,850 187,732 205,582
Disposals
Revaluations
Transfers
At 28 February 2024 20,325 2,456 389,228 412,009
Depreciation
At 1 March 2023 247 1,480 22,801 24,528
Charge for year 223 244 17,869 18,336
On disposals
Other adjustments
At 28 February 2024 470 1,724 40,670 42,864
Net book value
At 28 February 2024 19,855 732 348,558 369,145
At 28 February 2023 2,228 976 178,695 181,899

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 12,000 12,000
Total 12,000 12,000
Debtors due after more than one year: 12,000 12,000

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 32,107 38,719
Amounts due under finance leases and hire purchase contracts 275,715 110,488
Total 307,822 149,207

COMMUNITY INTEREST ANNUAL REPORT

SOUTH PENNINE COMMUNITY TRANSPORT CIC

Company Number: 09454154 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

South Pennine Community Transport has provided cross-boundary and local bus services on a not for profit basis. This has enabled people to travel between communities that would otherwise be unconnected and where there is a common bond. South Pennine CT has opened travel opportunities for those who have been isolated from public transport and enabled mobility between close but unconnected areas where the commercial bus market has failed.

Consultation with stakeholders

South Pennine CT CIC undertakes ongoing consultation with service users to understand the needs of users and ascertain where provision is required. In addition to this we hold a yearly consultation event about rural and village bus services to help develop the provision of not-for-profit bus services for our rural and isolated communities.

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
21 November 2024

And signed on behalf of the board by:
Name: Kevin Carr
Status: Director