Rock Garden Cycles Ltd
Company Registration No. 09015037 (England And Wales)
Unaudited Financial Statements
Year Ended 30 April 2024
ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,824
159
Current assets
Stocks
20,883
10,194
Debtors
5
3,750
3,750
Cash at bank and in hand
1,627
746
26,260
14,690
Creditors: amounts falling due within one year
6
(110,535)
(105,735)
Net current liabilities
(84,275)
(91,045)
Net liabilities
(82,451)
(90,886)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(82,452)
(90,887)
Total equity
(82,451)
(90,886)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
Mr J Butler
Director
Company registration number 09015037 (England and Wales)
ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Rock Garden Cycles Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Marsh Bank Works, Marsh Lane, Nantwich, Cheshire, CW5 5HH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

There was a net deficiency of assets at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future. The accounts are therefore prepared on a going concern basis.true

The accounts have been prepared on a going concern basis as the company will be supported by its director for the foreseeable future.

 

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line
Fixtures and fittings
25% straight line
Computer equipment
25% straight line
ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 1

2024
2023
Number
Number
Total
1
1
ROCK GARDEN CYCLES LTD
Rock Garden Cycles Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 May 2023
657
1,774
2,482
4,913
Additions
2,327
-
0
-
0
2,327
At 30 April 2024
2,984
1,774
2,482
7,240
Depreciation and impairment
At 1 May 2023
657
1,774
2,323
4,754
Depreciation charged in the year
582
-
0
80
662
At 30 April 2024
1,239
1,774
2,403
5,416
Carrying amount
At 30 April 2024
1,745
-
0
79
1,824
At 30 April 2023
-
0
-
0
159
159
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,750
3,750
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
120
Other creditors
110,535
105,615
110,535
105,735
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