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REGISTERED NUMBER: 09326033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE SLOW CYCLIST LTD.

THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

THE SLOW CYCLIST LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: O M Broom





REGISTERED OFFICE: John Harbourne Stables
Ball Lane
Tackley
Kidlington
Oxfordshire
OX5 3AG





REGISTERED NUMBER: 09326033 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 127,572 39,121
Tangible assets 5 72,370 50,584
199,942 89,705

CURRENT ASSETS
Stocks 2,491 2,550
Debtors 6 133,296 93,687
Cash at bank 817,620 723,712
953,407 819,949
CREDITORS
Amounts falling due within one year 7 973,780 662,404
NET CURRENT (LIABILITIES)/ASSETS (20,373 ) 157,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,569

247,250

CREDITORS
Amounts falling due after more than one year 8 (61,474 ) (106,887 )

PROVISIONS FOR LIABILITIES (13,860 ) (8,074 )
NET ASSETS 104,235 132,289

CAPITAL AND RESERVES
Called up share capital 25,141 25,141
Share premium 9,988 9,988
Retained earnings 69,106 97,160
SHAREHOLDERS' FUNDS 104,235 132,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 31 October 2024 and were signed by:





O M Broom - Director


THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)

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

1. STATUTORY INFORMATION

The Slow Cyclist 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Expenditure incurred in respect of development where the outcome is assessed as being reasonably certain regarding viability is capitalised and amortised against the revenue streams produced over the next 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Plant and machinery - 25% on cost
Website - 25% on cost

Computer Equipment - 25% on cost
Plant & Machinery - 25% 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.


THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)

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

2. ACCOUNTING POLICIES - continued
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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023 85,820
Additions 130,975
At 31 January 2024 216,795
AMORTISATION
At 1 February 2023 46,699
Amortisation for year 42,524
At 31 January 2024 89,223
NET BOOK VALUE
At 31 January 2024 127,572
At 31 January 2023 39,121

THE SLOW CYCLIST LTD. (REGISTERED NUMBER: 09326033)

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

5. TANGIBLE FIXED ASSETS
Office Plant and Computer
equipment machinery equipment Website Totals
£    £    £    £    £   
COST
At 1 February 2023 6,975 24,333 4,376 40,290 75,974
Additions - - 1,152 44,758 45,910
At 31 January 2024 6,975 24,333 5,528 85,048 121,884
DEPRECIATION
At 1 February 2023 39 2,579 2,036 20,736 25,390
Charge for year 1,734 5,439 873 16,078 24,124
At 31 January 2024 1,773 8,018 2,909 36,814 49,514
NET BOOK VALUE
At 31 January 2024 5,202 16,315 2,619 48,234 72,370
At 31 January 2023 6,936 21,754 2,340 19,554 50,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,097 3,640
Other debtors 7,546 3,053
VAT 5,339 7,152
Prepayments 114,314 79,842
133,296 93,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,000 56,000
Other loans 4,000 4,000
Tax 350 7,972
Social security and other taxes 12,579 10,758
Other creditors 1,154 15,447
Directors' current accounts 2,034 2,047
Accruals and deferred income 897,663 566,180
973,780 662,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Barclays Bank Loan >1 Year 61,474 106,887

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE SLOW CYCLIST LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Slow Cyclist Ltd. for the year ended 31 January 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of The Slow Cyclist Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Slow Cyclist Ltd. and state those matters that we have agreed to state to the director of The Slow Cyclist Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Slow Cyclist Ltd. 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 loss of The Slow Cyclist Ltd.. You consider that The Slow Cyclist Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Slow Cyclist Ltd.. 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.






Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT


31 October 2024