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Company registration number: 08968780
Cycles Scuderia Limited
Unaudited filleted financial statements
for the year ended
31 March 2023
Cycles Scuderia Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Cycles Scuderia Limited
Directors and other information
Director Mr C Bellew
Company number 08968780
Registered office Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Business address Invicta House
Kingsley Road
Bideford
Devon
EX39 2PF
Accountants Giffords LLP
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
Cycles Scuderia Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Cycles Scuderia Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cycles Scuderia Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Cycles Scuderia Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cycles Scuderia Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cycles Scuderia Limited and its director as a body for our work or for this report.
It is your duty to ensure that Cycles Scuderia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cycles Scuderia Limited. You consider that Cycles Scuderia Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cycles Scuderia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
23 October 2023
Cycles Scuderia Limited
Statement of financial position
31 March 2023
2023 2022
£ £ £ £
Fixed assets 23,493 22,900
________ ________
Current assets 203,110 151,094
Prepayments and accrued income 5,355 6,273
________ ________
208,465 157,367
Creditors: amounts falling due within one year ( 134,536) ( 100,462)
________ ________
Net current assets 73,929 56,905
________ ________
Total assets less current liabilities 97,422 79,805
Creditors: amounts falling due after more than one year - ( 1,411)
Accruals and deferred income ( 7,793) ( 7,000)
________ ________
Net assets 89,629 71,394
________ ________
Capital and reserves 89,629 71,394
________ ________
Notes to the financial statements
Cycles Scuderia Limited
Year ended 31 March 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 10 October 2023 , and are signed on behalf of the board by:
Mr C Bellew
Director
Company registration number: 08968780
The company is a private company limited by shares, registered in England & Wales.