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REGISTERED NUMBER: 04099694 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

Cyclesense Ltd

Cyclesense Ltd (Registered number: 04099694)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyclesense Ltd

Company Information
for the Year Ended 31st July 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,593 22,531
Investments 5 158,865 69,730
174,458 92,261

CURRENT ASSETS
Stocks 6 352,672 396,861
Debtors 7 60,255 45,895
Cash at bank and in hand 140,796 140,044
553,723 582,800
CREDITORS
Amounts falling due within one year 8 193,008 174,938
NET CURRENT ASSETS 360,715 407,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,173

500,123

CREDITORS
Amounts falling due after more than one
year

9

(78,834

)

(34,830

)

PROVISIONS FOR LIABILITIES (3,226 ) (4,281 )
NET ASSETS 453,113 461,012

CAPITAL AND RESERVES
Called up share capital 420,000 420,000
Retained earnings 33,113 41,012
SHAREHOLDERS' FUNDS 453,113 461,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 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 2023


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 16th November 2023 and were signed on its behalf by:




P R Stainthorpe - Director



J A Stainthorpe - Director


Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements
for the Year Ended 31st July 2023

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 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 43,052
DEPRECIATION
At 1st August 2022 20,521
Charge for year 6,938
At 31st July 2023 27,459
NET BOOK VALUE
At 31st July 2023 15,593
At 31st July 2022 22,531

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Loans to group undertakings 108,865 69,730
Other investments not loans 50,000 -
158,865 69,730

Additional information is as follows:

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Premium bonds - b/f - 160,000
Premium bonds - additions 50,000 -
Disposals - (160,000 )
50,000 -
Loans to
group
undertakings
£   
At 1st August 2022 69,730
New in year 39,135
At 31st July 2023 108,865

Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

6. STOCKS
2023 2022
£    £   
Finished goods 352,672 396,861

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,277 1,962
Other debtors 53,978 43,933
60,255 45,895

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,799 12,519
Trade creditors 127,649 119,223
Taxation and social security 53,659 41,252
Other creditors 901 1,944
193,008 174,938

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 15,352 25,393
Other creditors 63,482 9,437
78,834 34,830

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 24 24

Preference shares have an undeclared repayment date.