Andy Cook Cycling Limited |
Registered Number:07024112 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Andy Cook Cycling Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Andy Cook Cycling Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
23,865
31,820
2
23,865
31,820
2,500
2,500
3
Trade and other receivables |
62,482
123,975
4
56,419
Cash and cash equivalents |
44,308
170,783
121,401
Trade and other payables: amounts falling due within one year |
(133,753)
(167,781)
5
(12,352)
3,002
Net current assets
Total assets less current liabilities |
26,867
19,468
5,538
4,705
Provisions for liabilities |
32,405
Net assets
24,173
2
2
32,403
24,171
32,405
24,173
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Andrew William Cook Director |
These financial statements were approved and authorised for issue by the Board on 12 November 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 30 September 2024
Andy Cook Cycling Limited
Notes to the Financial Statements
Statutory Information
Andy Cook Cycling Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07024112. |
6 Fowlswick Farm Business Park
Allington
Chippenham
Wiltshire
SN14 6LT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office equipment
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to sell.
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. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
2 of 4
For the year ended 30 September 2024
Andy Cook Cycling Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2. Property, plant and equipment |
Motor vehicles
107,008
7,799
81,875
17,334
17,334
81,875
7,799
107,008
Provision for depreciation and impairment |
75,188
7,799
50,055
17,334
Charge for year
7,955
-
7,955
-
83,143
7,799
58,010
17,334
-
23,865
-
23,865
-
31,820
-
31,820
2023
2024
2,500
2,500
4. Trade and other receivables |
2023
2024
115,551
20,710
8,424
41,772
62,482
123,975
3 of 4
For the year ended 30 September 2024
Andy Cook Cycling Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
1,584
11,449
Taxation and social security |
28,226
19,333
137,971
102,971
167,781
133,753
6. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
4 of 4