J's Cycle Shack Ltd 09126797 Retail of sports equipment false 1 August 2023 09126797 2023-08-01 2024-07-31 09126797 2023-07-31 09126797 2024-07-31 09126797 2022-08-01 2023-07-31 09126797 2022-07-31 09126797 2023-07-31 09126797 frs102-bus:FRS102 2023-08-01 2024-07-31 09126797 frs102-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09126797 frs102-bus:FullAccounts 2023-08-01 2024-07-31 09126797 frs102-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09126797 frs102-core:CurrentFinancialInstruments 2024-07-31 09126797 frs102-core:CurrentFinancialInstruments 2023-07-31 09126797 frs102-core:Non-currentFinancialInstruments 2024-07-31 09126797 frs102-core:Non-currentFinancialInstruments 2023-07-31 09126797 frs102-core:ShareCapital 2024-07-31 09126797 frs102-core:ShareCapital 2023-07-31 09126797 frs102-core:RetainedEarningsAccumulatedLosses 2024-07-31 09126797 frs102-core:RetainedEarningsAccumulatedLosses 2023-07-31 09126797 frs102-bus:Director1 2023-08-01 2024-07-31 09126797 frs102-core:ComputerEquipment 2023-08-01 2024-07-31 09126797 frs102-core:FurnitureFittings 2023-08-01 2024-07-31 09126797 frs102-core:Vehicles 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09126797
J's Cycle Shack Ltd
Unaudited Accounts
for the year ended
31 July 2024
J's Cycle Shack Ltd
Balance Sheet
as at 31 July 2024
Notes
2024
£
2023
£
Fixed assets
Intangible assets 45,000 30,000
Tangible assets 50,509 89,180
95,509 119,180
Current assets
Stocks 1,356,975 1,433,132
Debtors (14,048) 24,379
Cash at bank and in hand 81,440 60,051
1,424,367 1,517,562
Prepayments and accrued income: 7,250 0
Creditors: amounts falling due within one year 3 (1,165,679) (949,131)
Net current assets / (liabilities) 265,938 568,431
Total assets less current liabilities 361,447 687,611
Creditors: amounts falling due after more than one year 4 (292,591) (351,311)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 68,856 336,300
Capital and reserves
Called up share capital 10 10
Profit and loss account 68,846 336,290
Shareholders' funds 68,856 336,300

J's Cycle Shack Ltd
Balance Sheet
as at 31 July 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 July 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr N Beardsmore

Director


Approved by the board on 20 January 2025

Company Number: 09126797 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit A
Kirkgate Business Park
Wakefield
WF1 5DL
England

J's Cycle Shack Ltd
Notes to the Accounts
for the year ended 31 July 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 20% Straight Line
Fixtures & Fittings 20% Straight Line
Vehicles 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
2. Employees
2024 2023
Average number of employees during the period 11 10

3. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 989,063 931,386
Taxation & social security 0 17,745
Other creditors 176,616 0
1,165,679 949,131

4. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 152,709 194,677
Other 139,882 156,634
292,591 351,311