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REGISTERED NUMBER: 10758076 (England and Wales)







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 - 69,838

CURRENT ASSETS 147,752 203,892

CREDITORS
Amounts falling due within one year (158,551 ) (216,347 )
NET CURRENT LIABILITIES (10,799 ) (12,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,799

)

57,383

CREDITORS
Amounts falling due after more than
one year

-

25,000
NET (LIABILITIES)/ASSETS (10,799 ) 32,383

CAPITAL AND RESERVES (10,799 ) 32,383

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

Registered number: 10758076

Registered office: Beechey House
87 Church Street
Crowthorne
RG45 7AW

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 7 (2022 - 8 ) .



Pedal Cycles Ltd (Registered number: 10758076)

Balance Sheet - continued
30 June 2023


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

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

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 director and authorised for issue on 20 March 2024 and were signed by:





N Kathuria - Director


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


20 March 2024