Registered number
10705407
Off The Rock Cycles Ltd
Filleted Accounts
31 March 2024
Off The Rock Cycles Ltd
Registered number: 10705407
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,435 4,277
Current assets
Stocks 168,865 175,430
Debtors 4 2,804 3,280
Cash at bank and in hand 3,649 354
175,318 179,064
Creditors: amounts falling due within one year 5 (165,207) (166,252)
Net current assets 10,111 12,812
Total assets less current liabilities 13,546 17,089
Creditors: amounts falling due after more than one year 6 (23,497) (27,257)
Net liabilities (9,951) (10,168)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (10,951) (11,168)
Shareholders' funds (9,951) (10,168)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adam Le'Feuvre
Director
Approved by the board on 30 July 2024
Off The Rock Cycles Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Debtors
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 recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 6,210
At 31 March 2024 6,210
Depreciation
At 1 April 2023 1,933
Charge for the year 842
At 31 March 2024 2,775
Net book value
At 31 March 2024 3,435
At 31 March 2023 4,277
4 Debtors 2024 2023
£ £
Trade debtors 2,804 505
Other debtors - 2,775
2,804 3,280
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,760 13,999
Trade creditors 17,257 23,236
Taxation and social security costs 1,247 2,128
Other creditors 142,943 126,889
165,207 166,252
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,497 27,257
7 Other information
Off The Rock Cycles Ltd is a private company limited by shares and incorporated in England. Its registered office is:
223 Seaview Road
Wallasey
Merseyside
United Kingdom
CH45 4PD
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