IRIS Accounts Production v23.1.5.20 08055752 director 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080557522022-02-28080557522023-02-28080557522022-03-012023-02-28080557522021-02-28080557522021-03-012022-02-28080557522022-02-2808055752ns16:EnglandWales2022-03-012023-02-2808055752ns15:PoundSterling2022-03-012023-02-2808055752ns11:Director12022-03-012023-02-2808055752ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2808055752ns11:SmallEntities2022-03-012023-02-2808055752ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2808055752ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808055752ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2808055752ns11:FullAccounts2022-03-012023-02-280805575212022-03-012023-02-2808055752ns11:CompanySecretary12022-03-012023-02-2808055752ns11:RegisteredOffice2022-03-012023-02-2808055752ns6:CurrentFinancialInstruments2023-02-2808055752ns6:CurrentFinancialInstruments2022-02-2808055752ns6:ShareCapital2023-02-2808055752ns6:ShareCapital2022-02-2808055752ns6:RetainedEarningsAccumulatedLosses2023-02-2808055752ns6:RetainedEarningsAccumulatedLosses2022-02-2808055752ns6:NetGoodwill2022-03-012023-02-2808055752ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2808055752ns6:FurnitureFittings2022-03-012023-02-2808055752ns6:MotorVehicles2022-03-012023-02-2808055752ns6:NetGoodwill2022-02-2808055752ns6:NetGoodwill2023-02-2808055752ns6:NetGoodwill2022-02-2808055752ns6:FurnitureFittings2022-02-2808055752ns6:MotorVehicles2022-02-2808055752ns6:FurnitureFittings2023-02-2808055752ns6:MotorVehicles2023-02-2808055752ns6:FurnitureFittings2022-02-2808055752ns6:MotorVehicles2022-02-2808055752ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2808055752ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 08055752 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Kontour Cycles Limited

Kontour Cycles Limited (Registered number: 08055752)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kontour Cycles Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A Rogers





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 08055752 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Kontour Cycles Limited (Registered number: 08055752)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,440 1,801
1,440 1,801

CURRENT ASSETS
Stocks 24,790 31,059
Debtors 6 2,141 6,262
Cash at bank 29,048 11,110
55,979 48,431
CREDITORS
Amounts falling due within one year 7 56,961 49,953
NET CURRENT LIABILITIES (982 ) (1,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

458

279

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 457 278
SHAREHOLDERS' FUNDS 458 279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kontour Cycles Limited (Registered number: 08055752)

Balance Sheet - continued
28 February 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 director and authorised for issue on 23 November 2023 and were signed by:





A Rogers - Director


Kontour Cycles Limited (Registered number: 08055752)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Kontour Cycles Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Kontour Cycles Limited (Registered number: 08055752)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022 8,550
Disposals (8,550 )
At 28 February 2023 -
AMORTISATION
At 1 March 2022 8,550
Eliminated on disposal (8,550 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 5,063 3,330 8,393
DEPRECIATION
At 1 March 2022 4,535 2,057 6,592
Charge for year 106 255 361
At 28 February 2023 4,641 2,312 6,953
NET BOOK VALUE
At 28 February 2023 422 1,018 1,440
At 28 February 2022 528 1,273 1,801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 824 317
VAT 1,317 5,945
2,141 6,262

Kontour Cycles Limited (Registered number: 08055752)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 2,851 2,851
Tax 1,431 162
Social security and other taxes 112 192
Directors' loan accounts 51,500 45,727
Accrued expenses 1,067 1,021
56,961 49,953

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account shown on the balance sheet was owed to the sole director, Mr Adam Rogers. Interest has been charged at 2.5% on the loan balance. There is set repayment date. The loan however is repayable on demand and the business has the cash flow to repay this at any time.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Rogers.