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Company Registration No. 09677534 (England and Wales)
J C Cook Cycles Limited Unaudited accounts for the year ended 31 March 2023
J C Cook Cycles Limited Unaudited accounts Contents
Page
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J C Cook Cycles Limited Company Information for the year ended 31 March 2023
Directors
Mr Adrian Blow Mrs Jenny Blow
Company Number
09677534 (England and Wales)
Registered Office
Unit 13 Jackson Place Humberston Grimsby N E Lincs DN36 4AS England
Accountants
LRCA Limited McCue House 70 Wilton Road Grimsby N E Lincs DN36 4AW
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J C Cook Cycles Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,576 
31,013 
Current assets
Inventories
264,000 
370,000 
Debtors
140,206 
65,792 
Cash at bank and in hand
33,755 
24,157 
437,961 
459,949 
Creditors: amounts falling due within one year
(175,843)
(187,513)
Net current assets
262,118 
272,436 
Total assets less current liabilities
288,694 
303,449 
Creditors: amounts falling due after more than one year
(23,333)
(33,662)
Provisions for liabilities
Deferred tax
(5,049)
- 
Net assets
260,312 
269,787 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
260,212 
269,687 
Shareholders' funds
260,312 
269,787 
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
Mr Adrian Blow Director Company Registration No. 09677534
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J C Cook Cycles Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
J C Cook Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 09677534. The registered office is Unit 13 Jackson Place , Humberston, Grimsby, N E Lincs, DN36 4AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J C Cook Cycles Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
58,434 
23,434 
81,868 
Additions
2,800 
- 
2,800 
At 31 March 2023
61,234 
23,434 
84,668 
Depreciation
At 1 April 2022
30,238 
20,617 
50,855 
Charge for the year
5,937 
1,300 
7,237 
At 31 March 2023
36,175 
21,917 
58,092 
Net book value
At 31 March 2023
25,059 
1,517 
26,576 
At 31 March 2022
28,196 
2,817 
31,013 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
110,858 
42,354 
Trade debtors
6,190 
13,195 
Accrued income and prepayments
4,248 
1,242 
Other debtors
18,910 
9,001 
140,206 
65,792 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
9,675 
Trade creditors
96,950 
61,896 
Taxes and social security
15,403 
23,633 
Other creditors
7,178 
46,079 
Loans from directors
35,660 
42,300 
Accruals
10,652 
3,930 
175,843 
187,513 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
33,662 
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J C Cook Cycles Limited Notes to the Accounts for the year ended 31 March 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
5,049 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
5,049 
- 
Provision at end of year
5,049 
- 
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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