THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Company Registration Number:
07744004 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2024

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

Principal activities of the company

The principal activity of the company during the year under review was the promotion of cycling and other health events.



Directors

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

N Turner
H Rainbow
B Turner


The directors shown below have held office during the period of
1 September 2023 to 9 September 2023

G P Edwards
J Peachment


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
19 May 2025

And signed on behalf of the board by:
Name: N Turner
Status: Director

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 30
Fixed assets
Tangible assets: 3 24,164 16,711
Total fixed assets: 24,164 16,711
Current assets
Debtors: 4 0 7,183
Cash at bank and in hand: 19,314 6,819
Total current assets: 19,314 14,002
Creditors: amounts falling due within one year: 5 ( 10,195 ) ( 1,179 )
Net current assets (liabilities): 9,119 12,823
Total assets less current liabilities: 33,283 29,564
Total net assets (liabilities): 33,283 29,564
Capital and reserves
Called up share capital: 30 30
Profit and loss account: 33,253 29,534
Total Shareholders' funds: 33,283 29,564

The notes form part of these financial statements

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 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 19 May 2025
and signed on behalf of the board by:

Name: N Turner
Status: Director

The notes form part of these financial statements

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Furniture, fittings and equipment 25% Reducing balance

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 5

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 139,094 139,094
Additions 12,647 12,647
Disposals
Revaluations
Transfers
At 31 August 2024 151,741 151,741
Depreciation
At 1 September 2023 122,383 122,383
Charge for year 5,194 5,194
On disposals
Other adjustments
At 31 August 2024 127,577 127,577
Net book value
At 31 August 2024 24,164 24,164
At 31 August 2023 16,711 16,711

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 0 7,183
Total 0 7,183

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 10,195 1,179
Total 10,195 1,179

COMMUNITY INTEREST ANNUAL REPORT

THEPEDALREVOLUTION COMMUNITY INTEREST COMPANY

Company Number: 07744004 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The Pedal Revolution CIC has managed to innovate and create a socially distanced operating model to engage local people within the community and we have recorded over 7150 coaching, riding and education sessions ranging from: - unique socially distanced mass participation cycle events - cross-generational volunteering opporunities

Consultation with stakeholders

Local authorites: - Norfolk County Council - Broadland District Council

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £24,798.85 There were no other transactions or arrangement in connection with the remuneration of the directors, or compensation for directors loss of office, which require to be disclosed. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 May 2025

And signed on behalf of the board by:
Name: N Turner
Status: Director