Company Registration Number 08211893 (England and Wales)
NEWLEC CYCLES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NEWLEC CYCLES LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
9,122
11,388
Current assets
89,307
80,787
Prepayments and accrued income
3,710
3,330
Creditors: amounts falling due within one year
(75,425)
(55,930)
Net current assets
17,592
28,187
Total assets less current liabilities
26,714
39,575
Creditors: amounts falling due after more than one year
(24,984)
(36,575)
Net assets
1,730
3,000
Capital and reserves
1,730
3,000
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

At the balance sheet date, £11,213 (2022: £1,043) was owed to the Company by the Directors. No interest is charged on this loan and the balance is repayable on demand.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
2
2

Newlec Cycles Limited is a private company limited by shares incorporated in England and Wales. The registered office is 117-119 St James Road, Northampton, Northamptonshire, NN5 5LD.

For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

NEWLEC CYCLES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 July 2024 and are signed on its behalf by:
Mr S Burke
Mr NJ Pell
Director
Director
Company registration number 08211893 (England and Wales)
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