for the Period Ended 31 May 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 May 2024
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
The director shown below has held office during the period of
14 August 2023
to
31 May 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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(
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Gross profit(or loss): |
( |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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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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(
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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 May 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 June 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 May 2024 |
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Depreciation | ||||||
At 1 June 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 May 2024 |
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Net book value | ||||||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Taxation and social security |
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Other creditors |
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Total |
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The company runs a bicycle workshop as well as running bicycle repair and maintenance classes. They also teach lessons for adults learning to cycle. The shop opened for business in July2019. During the financial year 2023-2024, the shop’s activities have benefited the community in the following ways The company has encouraged many people to cycle by running programs to teach LGBTQ people to cycle as adults and gain access to cycling. Providing affordable repairs, servicing, accessories and advice to local residents Educating the general public about matters relating to cycling particularly about those barriers to active travel faced by those from marginalised groups. Additionally the business takes part in local community groups that advocate for active travel and other environmental and social justice issues. Organising free all ability rides for members of the LBGTQ community who are marginalised within the cycling community as well as in the wider society. Conducting a bicycle tour of the city for participants to learn about LGBTQ history and culture within Cardiff Implementing a “Pay If Forward” scheme, designed so that Trans people, Women of Colour and Disabled people (those most marginalised within cycling) can have assistance with the cost of cycling lessons, repairs and services.
The Company’s stakeholders are local Cardiff residents as well as those from the surrounding South Wales area. The director has lived in South Wales for ten years and has developed the idea for the business from conversations with local residential, particularly women, LGBTQ people and BAME residents who felt other cycling businesses did not represent their interests. The business remains in touch with the needs of local residents through feedback from customers and program participants, as well as communicating through its website and social media. Additionally, a board of directors helps to organise and keeps the business informed of the community’s needs.
The Director received remuneration of £10,980 during the year.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 March 2025
And signed on behalf of the board by:
Name: W Zimmerman
Status: Director