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REGISTERED NUMBER: 04099694 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Cyclesense Ltd

Cyclesense Ltd (Registered number: 04099694)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyclesense Ltd

Company Information
for the Year Ended 31st July 2024







DIRECTORS: D M Stainthorpe
Mrs S P Stainthorpe
P R Stainthorpe
J A Stainthorpe



SECRETARY:



REGISTERED OFFICE: 20-22 High St
Tadcaster
West Yorkshire
LS24 9AT



REGISTERED NUMBER: 04099694 (England and Wales)



ACCOUNTANTS: Accountants for Small Business Ltd
48 Kirkfield Lane
Thorner
Leeds
West Yorkshire
LS14 3EP



BANKERS: Handelsbanken
The Lodge,
Scott Lane
Wetherby
West Yorkshire
LS22 6LH

Cyclesense Ltd (Registered number: 04099694)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,662 15,593
Investments 5 243,225 158,865
254,887 174,458

CURRENT ASSETS
Stocks 6 372,558 352,672
Debtors 7 45,608 60,255
Cash at bank and in hand 103,059 140,796
521,225 553,723
CREDITORS
Amounts falling due within one year 8 215,332 193,008
NET CURRENT ASSETS 305,893 360,715
TOTAL ASSETS LESS CURRENT LIABILITIES 560,780 535,173

CREDITORS
Amounts falling due after more than one year 9 (74,050 ) (78,834 )

PROVISIONS FOR LIABILITIES (2,784 ) (3,226 )
NET ASSETS 483,946 453,113

CAPITAL AND RESERVES
Called up share capital 420,000 420,000
Retained earnings 63,946 33,113
SHAREHOLDERS' FUNDS 483,946 453,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cyclesense Ltd (Registered number: 04099694)

Balance Sheet - continued
31st July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2024 and were signed on its behalf by:




P R Stainthorpe - Director



J A Stainthorpe - Director


Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Cyclesense Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company pays into a Money Purchase pension scheme for two of the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 43,052
Additions 2,937
At 31st July 2024 45,989
DEPRECIATION
At 1st August 2023 27,459
Charge for year 6,868
At 31st July 2024 34,327
NET BOOK VALUE
At 31st July 2024 11,662
At 31st July 2023 15,593

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Loans to group undertakings 193,225 108,865
Other investments not loans 50,000 50,000
243,225 158,865

Additional information is as follows:

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Premium bonds - b/f 50,000 -
Premium bonds - additions - 50,000
50,000 50,000
Loans to
group
undertakings
£   
At 1st August 2023 108,865
New in year 84,360
At 31st July 2024 193,225

Cyclesense Ltd (Registered number: 04099694)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. STOCKS
2024 2023
£    £   
Finished goods 372,558 352,672

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,476 6,277
Other debtors 43,132 53,978
45,608 60,255

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,978 10,799
Trade creditors 116,047 127,649
Taxation and social security 40,113 53,659
Other creditors 194 901
215,332 193,008

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases - 15,352
Other creditors 74,050 63,482
74,050 78,834

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 24 24

Preference shares have an undeclared repayment date.