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Company Registration No. 07593079 (England and Wales)
Rick Green Cycles Limited Unaudited accounts for the year ended 30 April 2023
Rick Green Cycles Limited Unaudited accounts Contents
Page
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Rick Green Cycles Limited Company Information for the year ended 30 April 2023
Directors
P Green A Green J Green
Company Number
07593079 (England and Wales)
Registered Office
61 Wilmslow Road Handforth Wilmslow Cheshire SK9 3EN
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Rick Green Cycles Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,750 
15,029 
Current assets
Inventories
82,670 
63,400 
Cash at bank and in hand
56,647 
86,519 
139,317 
149,919 
Creditors: amounts falling due within one year
(99,514)
(82,511)
Net current assets
39,803 
67,408 
Total assets less current liabilities
51,553 
82,437 
Provisions for liabilities
Deferred tax
(2,233)
(2,856)
Net assets
49,320 
79,581 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
48,320 
78,581 
Shareholders' funds
49,320 
79,581 
For the year ending 30 April 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 21 November 2023 and were signed on its behalf by
P Green Director Company Registration No. 07593079
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Rick Green Cycles Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Rick Green Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 07593079. The registered office is 61 Wilmslow Road, Handforth, Wilmslow, Cheshire, SK9 3EN.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum on cost
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Rick Green Cycles Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
16,395 
9,431 
25,826 
At 30 April 2023
16,395 
9,431 
25,826 
Depreciation
At 1 May 2022
1,366 
9,431 
10,797 
Charge for the year
3,279 
- 
3,279 
At 30 April 2023
4,645 
9,431 
14,076 
Net book value
At 30 April 2023
11,750 
- 
11,750 
At 30 April 2022
15,029 
- 
15,029 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
25,639 
34,894 
Taxes and social security
21,969 
30,324 
Other creditors
89 
89 
Loans from directors
50,117 
15,554 
Accruals
1,700 
1,650 
99,514 
82,511 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500 
500 
125 A Ordinary Shares of £1 each
125 
125 
125 B Ordinary Shares of £1 each
125 
125 
125 C Ordinary Shares of £1 each
125 
125 
125 D Ordinary Shares of £1 each
125 
125 
1,000 
1,000 
7
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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