KUSTOM KRUIZERS CIC

Company limited by guarantee

Company Registration Number:
SC558228 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

KUSTOM KRUIZERS CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

KUSTOM KRUIZERS CIC

Directors' report period ended 31 December 2024

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

Principal activities of the company

The principal activity of the company in the year under review was that of bicycle repair and maintenance for the benefit of the local community



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

DR Neill
P Kyprianou


Secretary Mrs R Neill

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
30 September 2025

And signed on behalf of the board by:
Name: DR Neill
Status: Director

KUSTOM KRUIZERS CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 82,950 85,574
Cost of sales: ( 11,212 ) ( 23,354 )
Gross profit(or loss): 71,738 62,220
Administrative expenses: ( 81,087 ) ( 80,339 )
Operating profit(or loss): (9,349) (18,119)
Interest payable and similar charges: ( 1,146 ) ( 1,292 )
Profit(or loss) before tax: (10,495) (19,411)
Profit(or loss) for the financial year: (10,495) (19,411)

KUSTOM KRUIZERS CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 86,996 106,600
Total fixed assets: 86,996 106,600
Current assets
Stocks: 4 2,500 2,500
Debtors: 5 1,740 1,740
Cash at bank and in hand: 723 7,942
Total current assets: 4,963 12,182
Creditors: amounts falling due within one year: 6 ( 39,152 ) ( 37,752 )
Net current assets (liabilities): (34,189) (25,570)
Total assets less current liabilities: 52,807 81,030
Creditors: amounts falling due after more than one year: 7 ( 4,526 ) ( 7,812 )
Provision for liabilities: ( 74,997 ) ( 89,439 )
Total net assets (liabilities): (26,716) (16,221)
Members' funds
Profit and loss account: (26,716) ( 16,221)
Total members' funds: ( 26,716) (16,221)

The notes form part of these financial statements

KUSTOM KRUIZERS CIC

Balance sheet statements

For the year ending 31 December 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 30 September 2025
and signed on behalf of the board by:

Name: DR Neill
Status: Director

The notes form part of these financial statements

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Depreciation is provided at the following annual rates in order ot write off each asset over it useful life Plant & Machinery 25% on reducing balance

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 123,315 53,543 176,858
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 123,315 53,543 176,858
Depreciation
At 1 January 2024 36,995 33,263 70,258
Charge for year 12,332 7,272 19,604
On disposals
Other adjustments
At 31 December 2024 49,327 40,535 89,862
Net book value
At 31 December 2024 73,988 13,008 86,996
At 31 December 2023 86,320 20,280 106,600

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 2,500 2,500
Total 2,500 2,500

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,740 1,740
Total 1,740 1,740

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 3,359 3,359
Trade creditors 35,161 33,761
Taxation and social security 632 632
Total 39,152 37,752

KUSTOM KRUIZERS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 4,526 7,812
Total 4,526 7,812

COMMUNITY INTEREST ANNUAL REPORT

KUSTOM KRUIZERS CIC

Company Number: SC558228 (Scotland)

Year Ending: 31 December 2024

Company activities and impact

The Company delivered a full programme of community based education and training events which remain focussed on promoting the importance of cycling health & Safety.

Consultation with stakeholders

The Company's stakeholders are residents of Renfrew Community and the surrounding area. Consultations with the local authority schools and local community interest groups influence how the company delivers its services. It remains the company's policy to give due consideration to the views and opinions of stakeholders when deciding how the project should move forward in the future.

Directors' remuneration

One of the directors is employed by the company to run the project on a full time basis and received a salary of £33,000 during the year to 31st December 2024.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: D R Neill
Status: Director