2022-11-012023-10-312023-10-31false13212861GLORIOUS CYCLING LTD2024-04-30iso4217:GBPxbrli:pure132128612022-11-01132128612023-10-31132128612022-11-012023-10-31132128612021-11-01132128612022-10-31132128612021-11-012022-10-3113212861bus:SmallEntities2022-11-012023-10-3113212861bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3113212861bus:AbridgedAccounts2022-11-012023-10-3113212861bus:PrivateLimitedCompanyLtd2022-11-012023-10-3113212861core:WithinOneYear2023-10-3113212861core:AfterOneYear2023-10-3113212861core:WithinOneYear2022-10-3113212861core:AfterOneYear2022-10-3113212861core:ShareCapital2023-10-3113212861core:SharePremium2023-10-3113212861core:RevaluationReserve2023-10-3113212861core:OtherReservesSubtotal2023-10-3113212861core:RetainedEarningsAccumulatedLosses2023-10-3113212861core:ShareCapital2022-10-3113212861core:SharePremium2022-10-3113212861core:RevaluationReserve2022-10-3113212861core:OtherReservesSubtotal2022-10-3113212861core:RetainedEarningsAccumulatedLosses2022-10-3113212861core:LandBuildings2023-10-3113212861core:PlantMachinery2023-10-3113212861core:Vehicles2023-10-3113212861core:FurnitureFittings2023-10-3113212861core:OfficeEquipment2023-10-3113212861core:NetGoodwill2023-10-3113212861core:IntangibleAssetsOtherThanGoodwill2023-10-3113212861core:ListedExchangeTraded2023-10-3113212861core:UnlistedNon-exchangeTraded2023-10-3113212861core:LandBuildings2022-10-3113212861core:PlantMachinery2022-10-3113212861core:Vehicles2022-10-3113212861core:FurnitureFittings2022-10-3113212861core:OfficeEquipment2022-10-3113212861core:NetGoodwill2022-10-3113212861core:IntangibleAssetsOtherThanGoodwill2022-10-3113212861core:ListedExchangeTraded2022-10-3113212861core:UnlistedNon-exchangeTraded2022-10-3113212861core:LandBuildings2022-11-012023-10-3113212861core:PlantMachinery2022-11-012023-10-3113212861core:Vehicles2022-11-012023-10-3113212861core:FurnitureFittings2022-11-012023-10-3113212861core:OfficeEquipment2022-11-012023-10-3113212861core:NetGoodwill2022-11-012023-10-3113212861core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3113212861core:ListedExchangeTraded2022-11-012023-10-3113212861core:UnlistedNon-exchangeTraded2022-11-012023-10-3113212861core:MoreThanFiveYears2022-11-012023-10-3113212861core:Non-currentFinancialInstruments2023-10-3113212861core:Non-currentFinancialInstruments2022-10-3113212861dpl:CostSales2022-11-012023-10-3113212861dpl:DistributionCosts2022-11-012023-10-3113212861core:LandBuildings2022-11-012023-10-3113212861core:PlantMachinery2022-11-012023-10-3113212861core:Vehicles2022-11-012023-10-3113212861core:FurnitureFittings2022-11-012023-10-3113212861core:OfficeEquipment2022-11-012023-10-3113212861dpl:AdministrativeExpenses2022-11-012023-10-3113212861core:NetGoodwill2022-11-012023-10-3113212861core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3113212861dpl:GroupUndertakings2022-11-012023-10-3113212861dpl:ParticipatingInterests2022-11-012023-10-3113212861dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3113212861core:ListedExchangeTraded2022-11-012023-10-3113212861dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3113212861core:UnlistedNon-exchangeTraded2022-11-012023-10-3113212861dpl:CostSales2021-11-012022-10-3113212861dpl:DistributionCosts2021-11-012022-10-3113212861core:LandBuildings2021-11-012022-10-3113212861core:PlantMachinery2021-11-012022-10-3113212861core:Vehicles2021-11-012022-10-3113212861core:FurnitureFittings2021-11-012022-10-3113212861core:OfficeEquipment2021-11-012022-10-3113212861dpl:AdministrativeExpenses2021-11-012022-10-3113212861core:NetGoodwill2021-11-012022-10-3113212861core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3113212861dpl:GroupUndertakings2021-11-012022-10-3113212861dpl:ParticipatingInterests2021-11-012022-10-3113212861dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3113212861core:ListedExchangeTraded2021-11-012022-10-3113212861dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3113212861core:UnlistedNon-exchangeTraded2021-11-012022-10-3113212861core:NetGoodwill2023-10-3113212861core:IntangibleAssetsOtherThanGoodwill2023-10-3113212861core:LandBuildings2023-10-3113212861core:PlantMachinery2023-10-3113212861core:Vehicles2023-10-3113212861core:FurnitureFittings2023-10-3113212861core:OfficeEquipment2023-10-3113212861core:AfterOneYear2023-10-3113212861core:WithinOneYear2023-10-3113212861core:ListedExchangeTraded2023-10-3113212861core:UnlistedNon-exchangeTraded2023-10-3113212861core:ShareCapital2023-10-3113212861core:SharePremium2023-10-3113212861core:RevaluationReserve2023-10-3113212861core:OtherReservesSubtotal2023-10-3113212861core:RetainedEarningsAccumulatedLosses2023-10-3113212861core:NetGoodwill2022-10-3113212861core:IntangibleAssetsOtherThanGoodwill2022-10-3113212861core:LandBuildings2022-10-3113212861core:PlantMachinery2022-10-3113212861core:Vehicles2022-10-3113212861core:FurnitureFittings2022-10-3113212861core:OfficeEquipment2022-10-3113212861core:AfterOneYear2022-10-3113212861core:WithinOneYear2022-10-3113212861core:ListedExch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GLORIOUS CYCLING LTD

Registered Number
13212861
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

GLORIOUS CYCLING LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

Philip Sears

Registered Address

2 Upperton Gardens
Eastbourne
BN21 2AH

Registered Number

13212861 (England and Wales)
GLORIOUS CYCLING LTD
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets632,27538,060
32,27538,060
Current assets
Stocks2,81715,145
Debtors726,9779,241
Cash at bank and on hand228,785133,772
258,579158,158
Creditors amounts falling due within one year8(142,339)(69,974)
Net current assets (liabilities)116,24088,184
Total assets less current liabilities148,515126,244
Net assets148,515126,244
Capital and reserves
Called up share capital22
Share premium202,997165,998
Profit and loss account(54,484)(39,756)
Shareholders' funds148,515126,244
The financial statements were approved and authorised for issue by the Director on 30 April 2024, and are signed on its behalf by:
Philip Sears
Director
Registered Company No. 13212861
GLORIOUS CYCLING LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Tour operator activities
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year45
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 November 2240,754
Additions3,937
Disposals(1,584)
At 31 October 2339,170
Depreciation and impairment
At 01 November 222,694
Charge for year8,138
At 31 October 236,895
Net book value
At 31 October 2332,275
At 31 October 2238,060
7.Debtors within one year

2023

2022

££
Other debtors15,2357,080
Prepayments and accrued income11,7422,161
Total26,9779,241
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,854-
Taxation and social security13,6234,046
Other creditors105,09964,248
Accrued liabilities and deferred income18,7631,680
Total142,33969,974
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.