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Company limited by guarantee

Company Registration Number:
07743026 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

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Contents of the Financial Statements

for the Period Ended 30 November 2024

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

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Directors' report period ended 30 November 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

Timothy John Guy
Lucy Hall
Robert Andrew Harber
Matthew Jacob Lamb


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
27 May 2025

And signed on behalf of the board by:
Name: Robert Andrew Harber
Status: Director

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Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 315,108 306,752
Cost of sales: ( 121,309 ) ( 112,404 )
Gross profit(or loss): 193,799 194,348
Administrative expenses: ( 210,605 ) ( 209,289 )
Operating profit(or loss): (16,806) (14,941)
Profit(or loss) before tax: (16,806) (14,941)
Tax: 0 0
Profit(or loss) for the financial year: (16,806) (14,941)

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Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,864 1,712
Total fixed assets: 1,864 1,712
Current assets
Stocks: 4 21,029 17,058
Debtors: 5 11,865 0
Cash at bank and in hand: 12,381 42,856
Total current assets: 45,275 59,914
Creditors: amounts falling due within one year: 6 ( 44,525 ) ( 42,206 )
Net current assets (liabilities): 750 17,708
Total assets less current liabilities: 2,614 19,420
Total net assets (liabilities): 2,614 19,420
Members' funds
Profit and loss account: 2,614 19,420
Total members' funds: 2,614 19,420

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 November 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 27 May 2025
and signed on behalf of the board by:

Name: Robert Andrew Harber
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 November 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows Plant and machinery 25 percent reducing balance Fixtures and fittings 25 percent reducing balance Office equipment 25 percent reducing balance Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    Stocks Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. Trade and other creditors Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 9

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Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 1,828 12,543 2,569 16,940
Additions 771 0 0 771
Disposals
Revaluations
Transfers
At 30 November 2024 2,599 12,543 2,569 17,711
Depreciation
At 1 December 2023 1,741 11,323 2,164 15,228
Charge for year 214 304 101 619
On disposals
Other adjustments
At 30 November 2024 1,955 11,627 2,265 15,847
Net book value
At 30 November 2024 644 916 304 1,864
At 30 November 2023 87 1,220 405 1,712

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Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 21,029 17,058
Total 21,029 17,058

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Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Trade debtors 11,865 0
Total 11,865 0

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Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 22,926 7,512
Taxation and social security 9,034 10,038
Accruals and deferred income 8,565 17,064
Other creditors 4,000 7,592
Total 44,525 42,206

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 07743026 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

During our financial year 01/12/23 to 30/11/24 our achievements have been as follows: Our Welcome wheels project has continued to run for another year getting over 100 bicycles out to refugees and alyssum seekers through funding, supplying a bicycles and safety package, this project is highly popular, it allows us to meet new members of the community, when the bicycles are collected. Also as we work closely with partner originations we have created great links across Norwich. We continue to run 3 volunteer session each week running throughout the year. The session our popular with a wide range of people (retired, people suffering with mental health issues, unemployed looking to learn new skills and refuges), the sessions provide an opportunity for them to develop skills, socialise and work in a team. In exchange Bicycle Links offers the volunteers a safe environment, someone to talk to, lunch, and references for job applications; Continued to recycle unwanted bicycles, refurbish them and sell them at a reasonable cost to people who need transport to get to jobs, college or university. This benefits the environment (recycling and reusing materials) as well as the local population (providing reliable second-hand bikes); We have seen an uptake in customers wanting to support this side of our project and donating higher end bicycles knowing the profits from the sales will help us. Our cycle link project was renewed for another year, allowing beneficiaries from partner organisations to receive a discount voucher for a large discount on a bicycle and safety package, this has allowed people seeking employment away of accessing services that may have been to far to reach before, for a lot smaller cost than if they had tried to buy a new bicycle, we hope to continue this for another year as well. We have also maintained our trading activities which underwrite and support all our social impact projects, aiming to keep our prices as fair priced as possible allowing as many people from the community to keep their bicycles running. We also partnered with our local university to offer discounted repairs to help students keep their bicycles running, allowing them to use a greener, cheaper method of transport while studying.

Consultation with stakeholders

Our stakeholders are: Our volunteers and employees Local people who use our services Public and voluntary sector organisations that refer people to our projects or request help or donations of items We now have regular chats with our volunteers to see how they might suggest we change the sessions to help them better, including a questioner created that volunteers are asked to fill out during there time with us to have data on how we can change the sessions to improve for them and future people. We have monthly staff meetings to make sure that our working environment and any staff concerns are addressed. These include taking about how the shop runs, to looking at figures to help staff understand how we run, we are also trying out smaller department meetings to see how this can help with the running of the shop. Regular consultations on any social projects with the partner originations help make sure they are running smoothly and benefitting the right people. The Directors have engaged in conferences and meetings of the local volunteering sector. Also subscribing to social enterprise groups to learn how better to help the community. We also had an open day to show customers how our volunteer sessions worked and used this as a time to ask customers to give us feedback on why they use us and anything they might like us to do differently.

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
27 May 2025

And signed on behalf of the board by:
Name: Robert Harber
Status: Director