REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
Pedal Cycles Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
Pedal Cycles Ltd |
Pedal Cycles Ltd (Registered number: 10758076) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Balance Sheet | 1 |
Chartered Certified Accountants' Report | 4 |
Pedal Cycles Ltd (Registered number: 10758076) |
Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES | ( |
) |
Pedal Cycles Ltd (Registered number: 10758076) |
Balance Sheet - continued |
30 June 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Pedal Cycles Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
Going concern |
Since the year end the director has carried out a review of current economic trading conditions and has decided to close the company. |
As a result of this, it is not appropriate to prepare the financial statements on the Going Concern basis. The value of all company assets have been reduced to their recoverable amounts, and provisions for all further costs that might arise, where quantifiable, have been provided for. |
Fixed Assets have been re-classified as Current Assets and Long-Term Liabilities have been re-classified as Current Liabilities. |
Loan |
At the balance sheet date the director wrote off a loan due to this not being repayable. |
2. | FINANCIAL COMMITMENTS |
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £49,000 (2022 - £124,958). |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
Pedal Cycles Ltd (Registered number: 10758076) |
Balance Sheet - continued |
30 June 2023 |
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. |
The financial statements were approved by the director and authorised for issue on |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Pedal Cycles Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pedal Cycles Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Pedal Cycles Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pedal Cycles Ltd and state those matters that we have agreed to state to the director of Pedal Cycles Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Pedal Cycles Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pedal Cycles Ltd. You consider that Pedal Cycles Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Pedal Cycles Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
PKB Accountants Limited |
Chartered Certified Accountants |
Beechey House |
87 Church Street |
Crowthorne |
Berkshire |
RG45 7AW |