TRUSTY STEED C.I.C.

Company limited by guarantee

Company Registration Number:
08604801 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

TRUSTY STEED C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

TRUSTY STEED C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 209,303 187,740
Cost of sales: ( 42,380 ) ( 38,195 )
Gross profit(or loss): 166,923 149,545
Administrative expenses: ( 170,947 ) ( 162,476 )
Operating profit(or loss): (4,024) (12,931)
Interest payable and similar charges: ( 3,477 ) ( 3,541 )
Profit(or loss) before tax: (7,501) (16,472)
Tax: 0 0
Profit(or loss) for the financial year: (7,501) (16,472)

TRUSTY STEED C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,096 1,518
Total fixed assets: 1,096 1,518
Current assets
Debtors: 4 5,472 17,173
Cash at bank and in hand: 3,313
Investments: 5 4,092
Total current assets: 12,877 17,173
Net current assets (liabilities): 12,877 17,173
Total assets less current liabilities: 13,973 18,691
Creditors: amounts falling due after more than one year: 6 ( 29,984 ) ( 23,120 )
Accruals and deferred income: ( 12,846 ) ( 16,927 )
Total net assets (liabilities): (28,857) (21,356)
Members' funds
Profit and loss account: (28,857) ( 21,356)
Total members' funds: ( 28,857) (21,356)

The notes form part of these financial statements

TRUSTY STEED C.I.C.

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 28 April 2025
and signed on behalf of the board by:

Name: Mark Rose
Status: Director

The notes form part of these financial statements

TRUSTY STEED C.I.C.

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

    Tangible fixed assets depreciation policy

    20% Straight Line on Plant and Machinery 20% Straight Line on Fixtures and Fittings

TRUSTY STEED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

TRUSTY STEED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 17,596 3,565 21,161
Additions 349 349
Disposals ( 3,565 ) ( 3,565 )
Revaluations
Transfers
At 31 July 2024 17,596 349 17,945
Depreciation
At 1 August 2023 16,078 3,565 19,643
Charge for year 759 12 771
On disposals ( 3,565 ) ( 3,565 )
Other adjustments
At 31 July 2024 16,837 12 16,849
Net book value
At 31 July 2024 759 337 1,096
At 31 July 2023 1,518 0 1,518

TRUSTY STEED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 5,472 11,273
Prepayments and accrued income 5,900
Total 5,472 17,173

TRUSTY STEED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Current assets investments note

Tenancy Deposit

TRUSTY STEED C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 7,944 5,003
Other creditors 22,040 18,117
Total 29,984 23,120

COMMUNITY INTEREST ANNUAL REPORT

TRUSTY STEED C.I.C.

Company Number: 08604801 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The principal activity of the company is to run a Community Bike Organisation that undertakes projects for groups, schools and organisations. We undertake bike repaid/ refurbishment and sales of bikes; operate a Dr Bike service; provide maintenance classes and teaching; lead bike rides.

Consultation with stakeholders

Project participants are regularly engaged with during all stages to ensure relevant to core objectives of the organisation

Directors' remuneration

One Director is a paid member of staff, his salary is £30,000 No other Directors received any other remuneration

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Ian Keetley
Status: Director