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REGISTERED NUMBER: 08384133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MOUNT CYCLE LTD

MOUNT CYCLE LTD (REGISTERED NUMBER: 08384133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Balance Sheet 1


MOUNT CYCLE LTD (REGISTERED NUMBER: 08384133)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
£    £    £    £   
FIXED ASSETS 102,076 155,926

CURRENT ASSETS 159,350 141,671

CREDITORS
Amounts falling due within one year (217,698 ) (227,696 )
NET CURRENT LIABILITIES (58,348 ) (86,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,728

69,901

CAPITAL AND RESERVES 43,728 69,901

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Mount Cycle Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08384133

Registered office: Unit 4
Beacons Place Arcade
Merthyr Tydfil
CF47 0AE

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2022 - 4 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mrs A J Jones and S P Jones
Balance outstanding at start of year 8,237 12,121
Amounts advanced 8,234 9,116
Amounts repaid (18,500 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,029 ) 8,237

MOUNT CYCLE LTD (REGISTERED NUMBER: 08384133)

BALANCE SHEET - continued
28 FEBRUARY 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N Jones and C L Jones
Balance outstanding at start of year (24,317 ) (19,551 )
Amounts advanced 7,973 8,234
Amounts repaid (18,500 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,844 ) (24,317 )



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 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:




S P Jones - Director



C L Jones - Director