UPCYCLE LDN CIC

Company limited by guarantee

Company Registration Number:
12752052 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 31 July 2023

End date: 31 July 2024

UPCYCLE LDN CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

UPCYCLE LDN CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Cycling workshops and training



Directors

The directors shown below have held office during the whole of the period from
31 July 2023 to 31 July 2024

DOBSON, Philip
MCGUIRE, Elsapeth Charlotte
MORRALL, Richard


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
8 April 2025

And signed on behalf of the board by:
Name: DOBSON, Philip
Status: Director

UPCYCLE LDN CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 25,115 52,360
Cost of sales: ( 43,136 ) ( 12,604 )
Gross profit(or loss): (18,021) 39,756
Administrative expenses: ( 31,448 ) ( 11,617 )
Other operating income: 71,194
Operating profit(or loss): 21,725 28,139
Profit(or loss) before tax: 21,725 28,139
Tax: ( 4,166 ) ( 5,347 )
Profit(or loss) for the financial year: 17,559 22,792

UPCYCLE LDN CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,707 1,963
Cash at bank and in hand: 46,936 32,297
Total current assets: 50,643 34,260
Creditors: amounts falling due within one year: 4 ( 4,166 ) ( 5,070 )
Net current assets (liabilities): 46,477 29,190
Total assets less current liabilities: 46,477 29,190
Creditors: amounts falling due after more than one year: 5 ( 89 )
Accruals and deferred income: ( 540 )
Total net assets (liabilities): 46,477 28,561
Members' funds
Profit and loss account: 46,477 28,561
Total members' funds: 46,477 28,561

The notes form part of these financial statements

UPCYCLE LDN CIC

Balance sheet statements

For the year ending 31 July 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 8 April 2025
and signed on behalf of the board by:

Name: DOBSON, Philip
Status: Director

The notes form part of these financial statements

UPCYCLE LDN CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

UPCYCLE LDN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 2

UPCYCLE LDN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 1,744
Other debtors 1,963 1,963
Total 3,707 1,963

UPCYCLE LDN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,166 5,070
Total 4,166 5,070

UPCYCLE LDN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

  2023
  £
Other creditors 89
Total   89

COMMUNITY INTEREST ANNUAL REPORT

UPCYCLE LDN CIC

Company Number: 12752052 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Our main activity is to provide bikes skills and learning in Workshop to young people in ethnic minority group of London.

Consultation with stakeholders

The stakeholders are members of community of Upcycle LDN CIC. Upcycle LDN Community Interest Company engages with its stakeholders on a quarterly basis where feedbacks are given for the centre.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services and expenses incurred during their duties was £4,390. The directors did not receive any extra payments or bonuses beyond what has already been reported. There were no special deals or financial arrangements made to compensate any director if they left their position. Everything related to payments or benefits for directors has been properly disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 April 2025

And signed on behalf of the board by:
Name: Philip Dobson
Status: Director