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REGISTERED NUMBER: 06640707 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cyclone Technologies Limited

Cyclone Technologies Limited (Registered number: 06640707)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5

Chartered Accountants' Report 9

Cyclone Technologies Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J W Woodall
Mrs K L Dunne





REGISTERED OFFICE: Unit 20
Heron Business Park
Tan House Lane
Widnes
Cheshire
WA8 0SW





REGISTERED NUMBER: 06640707 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Cyclone Technologies Limited (Registered number: 06640707)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 128,245 59,675
128,245 59,675

CURRENT ASSETS
Stocks 7 188,206 225,942
Debtors 8 398,502 316,821
Cash at bank and in hand 462,326 323,156
1,049,034 865,919
CREDITORS
Amounts falling due within one year 9 (722,743 ) (619,976 )
NET CURRENT ASSETS 326,291 245,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,536

305,618

CREDITORS
Amounts falling due after more than one
year

10

(20,834

)

(37,510

)

PROVISIONS FOR LIABILITIES (4,805 ) -
NET ASSETS 428,897 268,108

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 65,000 65,000
Retained earnings 363,895 203,106
SHAREHOLDERS' FUNDS 428,897 268,108

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 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.

Cyclone Technologies Limited (Registered number: 06640707)

Statement of Financial Position - 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.

Cyclone Technologies Limited (Registered number: 06640707)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mrs K L Dunne - Director


Cyclone Technologies Limited (Registered number: 06640707)

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

1. STATUTORY INFORMATION

Cyclone Technologies Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

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

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 statement of financial position date.


Cyclone Technologies Limited (Registered number: 06640707)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Cyclone Technologies Limited (Registered number: 06640707)

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

6. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 41,500 107,801 52,920 50,658 252,879
Additions 2,915 25,224 60,498 5,388 94,025
Disposals - (1,504 ) - - (1,504 )
At 31 March 2024 44,415 131,521 113,418 56,046 345,400
DEPRECIATION
At 1 April 2023 38,500 86,903 20,835 46,966 193,204
Charge for year 3,242 9,912 10,375 1,775 25,304
Eliminated on disposal - (1,353 ) - - (1,353 )
At 31 March 2024 41,742 95,462 31,210 48,741 217,155
NET BOOK VALUE
At 31 March 2024 2,673 36,059 82,208 7,305 128,245
At 31 March 2023 3,000 20,898 32,085 3,692 59,675

7. STOCKS
31.3.24 31.3.23
£    £   
Stocks 188,206 225,942

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 378,884 291,273
Other debtors 4,984 4,984
VAT 1,390 6,352
Prepayments 13,244 14,212
398,502 316,821

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16,667 16,657
Trade creditors 203,521 168,348
Tax 81,978 34,729
Social security and other taxes 12,434 8,184
Other creditors 11,009 9,339
Directors' current accounts 77,278 100,000
Accrued expenses 319,856 282,719
722,743 619,976

Cyclone Technologies Limited (Registered number: 06640707)

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

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 16,667 16,657
Bank loans - 2-5 years 4,167 20,853
20,834 37,510

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cyclone Technologies Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Cyclone Technologies Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cyclone Technologies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cyclone Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Cyclone Technologies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cyclone Technologies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cyclone Technologies 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 Cyclone Technologies Limited. You consider that Cyclone Technologies Limited 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 Cyclone Technologies 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


18 October 2024