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REGISTERED NUMBER: 08709938 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2022 to 30 April 2023

for

SVELTE CYCLES LTD

SVELTE CYCLES LTD (Registered number: 08709938)






Contents of the Financial Statements
for the Period 1 January 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SVELTE CYCLES LTD

Company Information
for the Period 1 January 2022 to 30 April 2023







DIRECTOR: T E Barber





SECRETARY:





REGISTERED OFFICE: 13 Pottery Lane
London
W11 4LY





REGISTERED NUMBER: 08709938 (England and Wales)





ACCOUNTANTS: KALA ATKINSON
Chartered Certified Accountants
& Statutory Auditors
43 Upton Lane
London
E7 9PA

SVELTE CYCLES LTD (Registered number: 08709938)

Balance Sheet
30 April 2023

30.4.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,101 20,567
Investment property 5 33,229 38,210
48,330 58,777

CURRENT ASSETS
Debtors 6 87 20,161
Cash at bank and in hand 1,126 1,301
1,213 21,462
CREDITORS
Amounts falling due within one year 7 44,965 59,035
NET CURRENT LIABILITIES (43,752 ) (37,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,578

21,204

CREDITORS
Amounts falling due after more than one
year

8

35,363

35,000
NET LIABILITIES (30,785 ) (13,796 )

CAPITAL AND RESERVES
Called up share capital 1,193 1,193
Share premium 74,807 74,807
Retained earnings (106,785 ) (89,796 )
(30,785 ) (13,796 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

SVELTE CYCLES LTD (Registered number: 08709938)

Balance Sheet - continued
30 April 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 31 January 2024 and were signed by:





T E Barber - Director


SVELTE CYCLES LTD (Registered number: 08709938)

Notes to the Financial Statements
for the Period 1 January 2022 to 30 April 2023

1. STATUTORY INFORMATION

SVELTE CYCLES 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

SVELTE CYCLES LTD (Registered number: 08709938)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 32,496
Additions 2,591
At 30 April 2023 35,087
DEPRECIATION
At 1 January 2022 11,929
Charge for period 8,057
At 30 April 2023 19,986
NET BOOK VALUE
At 30 April 2023 15,101
At 31 December 2021 20,567

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 30 April 2023 43,191
DEPRECIATION
At 1 January 2022 4,981
Charge for period 4,981
At 30 April 2023 9,962
NET BOOK VALUE
At 30 April 2023 33,229
At 31 December 2021 38,210

SVELTE CYCLES LTD (Registered number: 08709938)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 April 2023

5. INVESTMENT PROPERTY - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 January 2022
and 30 April 2023 43,191
DEPRECIATION
At 1 January 2022 4,981
Charge for period 4,981
At 30 April 2023 9,962
NET BOOK VALUE
At 30 April 2023 33,229
At 31 December 2021 38,210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.12.21
£    £   
Other debtors 87 20,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.12.21
£    £   
Trade creditors 1 -
Taxation and social security 4,510 3,447
Other creditors 40,454 55,588
44,965 59,035

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 31.12.21
£    £   
Bank loans 35,363 35,000