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Company Registration No. 09677534 (England and Wales)
J C Cook Cycles Limited Unaudited accounts for the year ended 31 March 2024
J C Cook Cycles Limited Unaudited accounts Contents
Page
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J C Cook Cycles Limited Company Information for the year ended 31 March 2024
Directors
Mr Adrian Blow Mrs Jenny Blow
Company Number
09677534 (England and Wales)
Registered Office
Unit 13 Jackson Place Humberston Grimsby N E Lincs DN36 4AS England
Accountants
LRCA Limited McCue House 70 Wilton Road Grimsby N E Lincs DN36 4AW
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J C Cook Cycles Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
82,585 
26,576 
Current assets
Inventories
264,000 
264,000 
Debtors
60,245 
140,206 
Cash at bank and in hand
36,352 
33,755 
360,597 
437,961 
Creditors: amounts falling due within one year
(155,300)
(175,843)
Net current assets
205,297 
262,118 
Total assets less current liabilities
287,882 
288,694 
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Provisions for liabilities
Deferred tax
(15,691)
(5,049)
Net assets
258,858 
260,312 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
258,758 
260,212 
Shareholders' funds
258,858 
260,312 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr Adrian Blow Director Company Registration No. 09677534
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J C Cook Cycles Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
J C Cook Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 09677534. The registered office is Unit 13 Jackson Place , Humberston, Grimsby, N E Lincs, DN36 4AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25 years straight line
Motor vehicles
25% straight line
Fixtures & fittings
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J C Cook Cycles Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
23,434 
61,234 
84,668 
Additions
27,745 
43,499 
- 
71,244 
Disposals
- 
(23,434)
- 
(23,434)
At 31 March 2024
27,745 
43,499 
61,234 
132,478 
Depreciation
At 1 April 2023
- 
21,917 
36,175 
58,092 
Charge for the year
647 
8,248 
6,123 
15,018 
On disposals
- 
(23,217)
- 
(23,217)
At 31 March 2024
647 
6,948 
42,298 
49,893 
Net book value
At 31 March 2024
27,098 
36,551 
18,936 
82,585 
At 31 March 2023
- 
1,517 
25,059 
26,576 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
110,858 
Trade debtors
27,137 
6,190 
Accrued income and prepayments
4,329 
4,248 
Other debtors
28,779 
18,910 
60,245 
140,206 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
4,224 
- 
Trade creditors
124,247 
96,950 
Taxes and social security
2,353 
15,403 
Other creditors
6,061 
7,178 
Loans from directors
766 
35,660 
Accruals
7,649 
10,652 
155,300 
175,843 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
8
Average number of employees
During the year the average number of employees was 7 (2023: 9).
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