2023-10-01 07024112 2024-09-30 07024112 2023-10-01 2024-09-30 07024112 2023-09-30 07024112 2022-10-01 2023-09-30 07024112 uk-core:WithinOneYear 2023-09-30 07024112 uk-core:WithinOneYear 2024-09-30 07024112 uk-core:ShareCapital 2024-09-30 07024112 uk-core:ShareCapital 2023-09-30 07024112 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 07024112 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07024112 uk-bus:Director1 2023-10-01 2024-09-30 07024112 uk-core:PlantMachinery 2023-10-01 2024-09-30 07024112 uk-core:OfficeEquipment 2023-10-01 2024-09-30 07024112 uk-core:MotorVehicles 2023-10-01 2024-09-30 07024112 uk-core:OfficeEquipment 2023-09-30 07024112 uk-core:MotorVehicles 2023-09-30 07024112 uk-core:PlantMachinery 2023-09-30 07024112 uk-core:PlantMachinery 2024-09-30 07024112 uk-core:MotorVehicles 2024-09-30 07024112 uk-core:OfficeEquipment 2024-09-30 iso4217:GBP xbrli:pure 07024112 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07024112 uk-bus:FRS102 2023-10-01 2024-09-30 07024112 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 07024112 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Andy Cook Cycling Limited
Registered Number:07024112
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07024112
As at 30 September 2024
Andy Cook Cycling Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
23,865
31,820
2
23,865
31,820
Current assets
Inventories
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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
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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.
Registered address:
6 Fowlswick Farm Business Park
Allington
Chippenham
Wiltshire
SN14 6LT
The presentation currency is £ sterling.
1. Accounting policies
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
20% Straight line
25% Straight line
Office equipment
25% Reducing balance
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.
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5
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
Total
Office
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 October 2023
107,008
7,799
81,875
17,334
At 30 September 2024
17,334
81,875
7,799
107,008
Provision for depreciation and impairment
At 01 October 2023
75,188
7,799
50,055
17,334
Charge for year
7,955
-
7,955
-
At 30 September 2024
83,143
7,799
58,010
17,334
At 30 September 2024
Net book value
-
23,865
-
23,865
At 30 September 2023
-
31,820
-
31,820
3. Inventories
2023
2024
£
£
Stocks
2,500
2,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
115,551
20,710
Other debtors
8,424
41,772
62,482
123,975
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6
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
£
£
Trade creditors
1,584
11,449
Taxation and social security
28,226
19,333
Other creditors
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)
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