for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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In the year 2023- 2024 we continued to deliver a programme of free bike maintenance courses, in partnership with Cycle North, the regional cycle training provider, and West Yorkshire Combined Authority (WYCA). In 2023 - 2024 we reached 263 students through our basic and improver (intermediate) courses. This year we have provided advanced bike maintenance training for Cycling UK for their staff and other community group members and for Calderdale council staff who provide Bikeability in schools. The feedback from students continues to be overwhelmingly positive. Our core work of recycling bikes in order to offer the people of Leeds an affordable, reliable and independent form of transport also continues. During this year we sold 159 bikes, as well as offering signposting and advice to our customers. We continue to donate bikes to asylum seekers and refugees through our Fix it to Ride project through funding from Matthew Good Foundation and West Yorkshire Combined Authority. A total of 27 bikes were donated through this scheme. We also passed on nearly 200 bikes to other charitable causes, eg. Bikes for school commute in The Gambia. We have delivered bike fixing services (Dr Bike) out in the community at public venues such as the Old Fire Station in Gipton and at community events organised by Leeds City Council. This has also been expanded to providing learning sessions at several community hubs, Hollybush TCV and St Vincent’s Centre. We have continued to provide Dr Bike services at commercial venues where companies are supporting their employees to cycle to work. At the beginning of 2023 we opened an eBay shop through which we sell rare bikes or collectable items that would not be used through our bike recycling. We have also employed a new member of staff, who is working towards becoming a full co-op member and qualified mechanic.
Our stakeholders are mainly people from Leeds who want to find an affordable bicycle or learn cycle maintenance skills. We have increased the number of organisations that we work with and we are planning to expand that further. For the Fix it to Ride project, we continue to liaise with local refugee and asylum seeker organisations to get their insight into what project would be most useful for the people they support. We also ask our volunteers for feedback to ensure the project keeps meeting their needs. We ask participants on our maintenance courses to fill in a feedback form, and everyone who did said they would recommend coming on a course with us. Comments from the feedback forms continue to report that we have excellent, knowledgeable and friendly tutors and that participants often came away feeling more confident with keeping their bicycle in a good state of repair. Our website and social media continued to be key points of contact for stakeholders and email enquiries have increased on last year. People continue to support us by sharing and promoting our events and joining our email list to find out our latest news.
The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £38,200. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's for loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 October 2024
And signed on behalf of the board by:
Name: Celia Ashman
Status: Director