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REGISTERED NUMBER: 04099694 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2022

for

Cyclesense Ltd

Cyclesense Ltd (Registered number: 04099694)






Contents of the Financial Statements
for the Year Ended 31st July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Cyclesense Ltd

Company Information
for the Year Ended 31st July 2022







DIRECTORS: D M Stainthorpe
Mrs S P Stainthorpe
P R Stainthorpe
J A Stainthorpe



SECRETARY:



REGISTERED OFFICE: 20-22 High St
Tadcaster
West Yorkshire
LS24 9AT



REGISTERED NUMBER: 04099694 (England and Wales)



ACCOUNTANTS: Accountants for Small Business Ltd
48 Kirkfield Lane
Thorner
Leeds
West Yorkshire
LS14 3EP



BANKERS: Handelsbanken
The Lodge,
Scott Lane
Wetherby
West Yorkshire
LS22 6LH

Cyclesense Ltd (Registered number: 04099694)

Balance Sheet
31st July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,300 41,300
Investments 5 207,228 207,228
248,528 248,528

CURRENT ASSETS
Stocks 6 234,273 234,273
Debtors 7 71,440 22,196
Cash at bank and in hand 305,489 305,489
611,202 561,958
CREDITORS
Amounts falling due within one year 8 148,140 148,140
NET CURRENT ASSETS 463,062 413,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,590

662,346

CREDITORS
Amounts falling due after more than one
year

9

(271,885

)

(322,641

)

PROVISIONS FOR LIABILITIES (7,799 ) (7,799 )
NET ASSETS 431,906 331,906

CAPITAL AND RESERVES
Called up share capital 420,000 120,000
Retained earnings 11,906 211,906
SHAREHOLDERS' FUNDS 431,906 331,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cyclesense Ltd (Registered number: 04099694)

Balance Sheet - continued
31st July 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th August 2022 and were signed on its behalf by:





D M Stainthorpe - Director


Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements
for the Year Ended 31st July 2022

1. STATUTORY INFORMATION

Cyclesense Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company pays into a Money Purchase pension scheme for two of the directors.

Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 8 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2021
and 31st July 2022 105,877
DEPRECIATION
At 1st August 2021
and 31st July 2022 64,577
NET BOOK VALUE
At 31st July 2022 41,300
At 31st July 2021 41,300

5. FIXED ASSET INVESTMENTS

Unlisted investments

6. STOCKS
2022 2021
£    £   
Finished goods 234,273 234,273

7. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 3,047 3,047
Other debtors 19,149 19,149
22,196 22,196

Amounts falling due after more than one year:
Other debtors 49,244 -

Aggregate amounts 71,440 22,196

Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,864 5,864
Trade creditors 85,031 85,031
Taxation and social security 53,946 53,946
Other creditors 3,299 3,299
148,140 148,140

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 237,203 237,203
Finance leases 10,929 10,929
Other creditors 23,753 74,509
271,885 322,641

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 24 24

Repayable by instalments
Coronavirus bounceback loan 237,203 237,203

Preference shares have an undeclared repayment date.

Cyclesense Ltd

Report of the Accountants to the Directors of
Cyclesense Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2022 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountants for Small Business Ltd
48 Kirkfield Lane
Thorner
Leeds
West Yorkshire
LS14 3EP


Date: .............................................