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# THE WALSALL BIKE PROJECT C.I.C.

## Company limited by guarantee

## Company Registration Number:
11335219 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 1 May 2024

## End date: 30 April 2025

# THE WALSALL BIKE PROJECT C.I.C.

## Contents of the Financial Statements

for the Period Ended 30 April 2025

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

# THE WALSALL BIKE PROJECT C.I.C.

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

Directors Report, Walsall Bike Project CIC . Prepared by Stephen Price. The year 01/05/24 to 30/04/25 There have been no major changes over this period either financially or in our delivery to the community. Palfrey has been a success as usual, thanks to Raj and the volunteers. Take up of some courses was slow and we are looking at ways of improving matters. We are looking at improving our access to grants to support our work, sales are very slow generally and reflect the second hand cycle market generally. We are lucky that we pay peppercorn rent and have a good relationship with our landlords. Going forward we are getting rid of the warehouse facility as well as trying to get a better relationship with schools to increase revenue from servicing of their bikes as well as improving the chances for children to access bikes and training which is woeful if the Borough currently. We attended several community days and meetings with local authority , NHS , housing organisations over this period. Financially we do need to improve matters as the person running the workshop is on minimum wage and volunteers a lot of time as well Steve Price Director

Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

Stephen Price
Penny Harris
Simon Woodward
Rajesh Patel

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
12 January 2026

And signed on behalf of the board by:
Name: Stephen Price
Status: Director

# THE WALSALL BIKE PROJECT C.I.C.

## Profit And Loss Account

for the Period Ended 30 April 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 14,328 | 7,719
Cost of sales: | ( 11,783 ) |
Gross profit(or loss): | 2,545 | 7,719
Distribution costs: | 0 | 0
Administrative expenses: | ( 2,488 ) |
Other operating income: | 0 |
Operating profit(or loss): | 57 | 7,719
Interest receivable and similar income: | 0 |
Interest payable and similar charges: | 0 |
Profit(or loss) before tax: | 57 | 7,719
Tax: | 0 |
Profit(or loss) for the financial year: | 57 | 7,719

# THE WALSALL BIKE PROJECT C.I.C.

## Balance sheet

As at 30 April 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 0 | 3,000
Investments: |  | 0 | 0
Total fixed assets: |  | 0 | 3,000
Current assets
Stocks: | 4 | 2,000 | 4,323
Debtors: |  | 0 | 0
Cash at bank and in hand: |  | 18 |
Investments: |  | 0 | 0
Total current assets: |  | 2,018 | 4,323
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 5 | ( 432 ) | ( 432 )
Net current assets (liabilities): |  | 1,586 | 3,891
Total assets less current liabilities: |  | 1,586 | 6,891
Creditors: amounts falling due after more than one year: | 6 | ( 432 ) | ( 1,450 )
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 1,154 | 5,441
Members' funds
Profit and loss account: |  | 1,154 | 5,441
Total members' funds: |  | 1,154 | 5,441

The notes form part of these financial statements

# THE WALSALL BIKE PROJECT C.I.C.

## Balance sheet statements

For the year ending 30 April 2025 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 14 January 2026
and signed on behalf of the board by:

Name: Stephen Price
Status: Director

The notes form part of these financial statements

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 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

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 May 2024 |  | 3,000 | 0 | 0 |  | 3,000
Additions |  |  |  |  |  |
Disposals |  | ( 3,000 ) |  |  |  | ( 3,000 )
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 April 2025 |  | 0 | 0 | 0 |  | 0
Depreciation |  |  |  |  |  |
At 1 May 2024 |  |  |  |  |  |
Charge for year |  |  |  |  |  |
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 April 2025 |  |  |  |  |  |
Net book value |  |  |  |  |  |
At 30 April 2025 |  | 0 | 0 | 0 |  | 0
At 30 April 2024 |  | 3,000 | 0 | 0 |  | 3,000

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 2,000 | 4,323
Payments on account | 0 | 0
Total | 2,000 | 4,323

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 432 | 432
Total | 432 | 432

# THE WALSALL BIKE PROJECT C.I.C.

## Notes to the Financial Statements

for the Period Ended 30 April 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 432 | 1,450
Total | 432 | 1,450

# COMMUNITY INTEREST ANNUAL REPORT

### THE WALSALL BIKE PROJECT C.I.C.

### Company Number: 11335219 (England and Wales)

### Year Ending: 30 April 2025

Company activities and impact

We continue to work in Walsall , providing lessons in cycling and cycle mechanics as well as affordable transport for people on low wages here. We work alongside the local authority and other groups to provide these services. We have several volunteers as well as professional cycle coaches.

Consultation with stakeholders

We work closely with the local communities to provide cycling activities for families where they are asked for. The cycling sessions are always popular and we are asked for more regularly.

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
10 January 2026

And signed on behalf of the board by:
Name: Stephen Price
Status: Director