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REGISTERED NUMBER: 08101938 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cycles Of Life Limited

Cycles Of Life Limited (Registered number: 08101938)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cycles Of Life Limited (Registered number: 08101938)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,892 16,135

Current assets
Cash at bank 20,239 19,808

Creditors
Amounts falling due within one year 5 33,470 38,329
Net current liabilities (13,231 ) (18,521 )
Total assets less current liabilities 1,661 (2,386 )

Provisions for liabilities 1,169 3,066
Net assets/(liabilities) 492 (5,452 )

Capital and reserves
Called up share capital 2 1
Retained earnings 490 (5,453 )
Shareholders' funds 492 (5,452 )

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

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

The director acknowledges his 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.

Cycles Of Life Limited (Registered number: 08101938)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





R Cannon - Director


Cycles Of Life Limited (Registered number: 08101938)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Cycles Of Life Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08101938

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.
Short leasehold - 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Cycles Of Life Limited (Registered number: 08101938)

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

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 29,663 9,511 155 39,329
Additions - 1,334 - 1,334
At 31 March 2024 29,663 10,845 155 40,663
Depreciation
At 1 April 2023 16,214 6,905 75 23,194
Charge for year 1,483 1,063 31 2,577
At 31 March 2024 17,697 7,968 106 25,771
Net book value
At 31 March 2024 11,966 2,877 49 14,892
At 31 March 2023 13,449 2,606 80 16,135

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to associates 28,978 35,010
VAT 1,775 754
Accruals and deferred income 2,717 2,565
33,470 38,329

Cycles Of Life Limited (Registered number: 08101938)

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

6. Related party disclosures

As at the balance sheet date the company owed £28,978 (2023 - £35,010) to Emma Cannon Limited, a company controlled by the late Emma Cannon.

7. Ultimate controlling party

The ultimate controlling party is the Estate of the late Emma Cannon.