Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity02truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05726986 2023-02-01 2024-01-31 05726986 2022-02-01 2023-01-31 05726986 2024-01-31 05726986 2023-01-31 05726986 c:Director1 2023-02-01 2024-01-31 05726986 d:CurrentFinancialInstruments 2024-01-31 05726986 d:CurrentFinancialInstruments 2023-01-31 05726986 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05726986 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05726986 d:ShareCapital 2024-01-31 05726986 d:ShareCapital 2023-01-31 05726986 d:SharePremium 2024-01-31 05726986 d:SharePremium 2023-01-31 05726986 d:CapitalRedemptionReserve 2024-01-31 05726986 d:CapitalRedemptionReserve 2023-01-31 05726986 d:RetainedEarningsAccumulatedLosses 2024-01-31 05726986 d:RetainedEarningsAccumulatedLosses 2023-01-31 05726986 c:FRS102 2023-02-01 2024-01-31 05726986 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05726986 c:FullAccounts 2023-02-01 2024-01-31 05726986 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05726986 d:Subsidiary1 2023-02-01 2024-01-31 05726986 d:Subsidiary1 1 2023-02-01 2024-01-31 05726986 d:Subsidiary2 2023-02-01 2024-01-31 05726986 d:Subsidiary2 1 2023-02-01 2024-01-31 05726986 6 2023-02-01 2024-01-31 05726986 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05726986










CYCLES U.K. RAYLEIGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CYCLES U.K. RAYLEIGH LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CYCLES U.K. RAYLEIGH LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cycles U.K. Rayleigh Limited for the year ended 31 January 2024 which comprise  the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Cycles U.K. Rayleigh Limited in accordance with the terms of our engagement letter dated March 2017Our work has been undertaken solely to prepare for your approval the financial statements of Cycles U.K. Rayleigh Limited and state those matters that we have agreed to state to the director of Cycles U.K. Rayleigh Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cycles U.K. Rayleigh Limited and its director for our work or for this report. 

It is your duty to ensure that Cycles U.K. Rayleigh Limited 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 profit of Cycles U.K. Rayleigh Limited. You consider that Cycles U.K. Rayleigh Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cycles U.K. Rayleigh Limited. 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.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
16 August 2024
Page 1

 
CYCLES U.K. RAYLEIGH LIMITED
REGISTERED NUMBER: 05726986

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
458,505
458,505

  
458,505
458,505

Current assets
  

Debtors: amounts falling due within one year
 5 
9,544
9,544

  
9,544
9,544

Creditors: amounts falling due within one year
 6 
(544,256)
(545,006)

Net current liabilities
  
 
 
(534,712)
 
 
(535,462)

Total assets less current liabilities
  
(76,207)
(76,957)

  

Net liabilities
  
(76,207)
(76,957)


Capital and reserves
  

Called up share capital 
  
900
900

Share premium account
  
44,900
44,900

Capital redemption reserve
  
100
100

Profit and loss account
  
(122,107)
(122,857)

  
(76,207)
(76,957)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 August 2024.





R C Schofield
Page 2

 
CYCLES U.K. RAYLEIGH LIMITED
REGISTERED NUMBER: 05726986

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cycles U.K. Rayleigh Limited is a company limited by shares, incorporated in England and Wales. Its registered office is Kingsridge House, 601 London Road, Westcliff-On-Sea, SS0 9PE. Its principal place of business is PO  12970, Billericay, Essex, CM12 2FZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
50,000
50,000

Social security costs
6,250
4,629

56,250
54,629


The average monthly number of employees, including directors, during the year was 0 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
458,505



At 31 January 2024
458,505





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Cycles U.K. (Holdings) Limited
England and Wales
Ordinary
100%
Cycles U.K. Limited
England and Wales
Ordinary
100%

The aggregate of the share capital and reserves as at 31 January 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings was as follows:

Name
Profit/(Loss)
£

Cycles U.K. (Holdings) Limited
200,100

Cycles U.K. Limited
1,724,768

Page 5

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
9,544
9,544

9,544
9,544



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
536,778
537,528

Other creditors
7,478
7,478

544,256
545,006



Page 6