BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14965193 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 27 June 2023

End date: 30 June 2024

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Principal work of reducing waste and supporting people to cycle through repair, refurbishment and re-sale of donated bikes and supporting DIY repairs. We increased our provision of cycle maintenance training sessions and of group rides, much of this as part of Cycling UK’s annual Big Bike Revival programme.



Directors

The director shown below has held office during the whole of the period from
27 June 2023 to 30 June 2024

Samuel Lawson Shaw McGregor


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
18 March 2025

And signed on behalf of the board by:
Name: Samuel Lawson Shaw McGregor
Status: Director

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks: 3 17,500
Debtors:   0
Cash at bank and in hand: 26,647
Investments:   0
Total current assets: 44,147
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 44,147
Total assets less current liabilities: 44,147
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 44,147
Members' funds
Profit and loss account: 44,147
Total members' funds: 44,147

The notes form part of these financial statements

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 June 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 18 March 2025
and signed on behalf of the board by:

Name: Samuel Lawson Shaw McGregor
Status: Director

The notes form part of these financial statements

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

    Other accounting policies

    Stock valuation policy at the Year End is: 50% of the purchase price for new stock £10 per donated bicycle on site £20 per bicycle ready for sale.

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Stocks

2024
£
Stocks 17,500
Payments on account 0
Total 17,500

COMMUNITY INTEREST ANNUAL REPORT

BRIGHTON BIKE HUB COMMUNITY INTEREST COMPANY

Company Number: 14965193 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

We continued our core work of reducing waste and supporting people to cycle through repair, refurbishment and re-sale of donated bikes and supporting DIY repairs. We increased our provision of cycle maintenance training sessions and of group rides, much of this as part of Cycling UK’s annual Big Bike Revival programme. In addition to these, we ran a programme of led rides for refugees, funded by Brighton & Hove City Council, and also the hugely popular Kidical Mass ride which we organised in partnership with Bricycles in September. Meanwhile our second workshop, ‘Bike Hub East’, in East Brighton, became operational on an increasingly regular basis and our base for training.

Consultation with stakeholders

The company's stakeholders are our customers, volunteers, directors and members of our local community who use the workshop facilities to fix their own bikes. These groups are encouraged to participate in how we run the Brighton Bike Hub: We held one annual AGM during the year, which was well-attended where we presented our Annual report. This afternoon allows interested stakeholders to air their views, make decisions on strategic matters and elect the group of directors. We run other meetings related to the running of the CIC, notably: Directors meet every two months to ensure the sustainability of the IC including strategy and finances. Operation teams, particularly regular volunteers meet monthly to discuss matters relating to volunteer activities and working with customers.

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
18 March 2025

And signed on behalf of the board by:
Name: Samuel Lawson Shaw McGregor
Status: Director