SVELTE CYCLES LTD
Company No. 08709938
Information for Filing with The Registrar
30 April 2024
SVELTE CYCLES LTD

Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was Manufacture of other wearing apparel and accessories not elsewhere classified.
-
Director
The Director who served at any time during the year was as follows:
T.E.Barber
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
T.E.Barber
Director
30 April 2024
SVELTE CYCLES LTD

Balance Sheet Registrar
at30 April 2024
Company No.08709938Notes20242023
££
Fixed assets
Tangible assets432,31548,330
32,31548,330
Current assets
Debtors521,08187
Cash at bank and in hand6021,126
21,6831,213
Creditors: Amount falling due within one year6
(78,982)
(51,964)
Net current liabilities
(57,299)
(50,751)
Total assets less current liabilities
(24,984)
(2,421)
Creditors: Amounts falling due after more than one year7
(25,389)
(28,363)
Net liabilities
(50,373)
(30,784)
Capital and reserves
Called up share capital1,1931,193
Share premium account-74,80774,807
Profit and loss account-
(126,373)
(106,784)
Total equity
(50,373)
(30,784)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the 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 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 April 2024 and signed on its behalf by:
T.E.Barber
Director
30 April 2024
SVELTE CYCLES LTD

Notes to the Accounts Registrar
for the year ended 30 April 2024
1General information
SVELTE CYCLES LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08709938
Its registered office is:
13
Pottery
Lane
London
W11 4LY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
3Employees
20242023
NumberNumber
The average monthly number of employees (including directors) during the year was:01
4Tangible fixed assets
Land and buildingsPlant and machineryMotor vehiclesFixtures, fittings and equipmentTotal
£££££
Cost or revaluation
At 1 May 202343,19135,087--78,278
At 30 April 202443,19135,087--78,278
Depreciation
At 1 May 20239,96219,986--29,948
Charge for the year4,98111,034--16,015
At 30 April 202414,94331,020--45,963
Net book values
At 30 April 202428,2484,067--32,315
At 30 April 202333,22915,101--48,330
5Debtors
20242023
££
Trade debtors1,000-
VAT recoverable8187
Other debtors20,000-
21,08187
6Creditors:
amounts falling due within one year
20242023
££
Bank loans and overdrafts5,8327,000
Taxes and social security5,8404,510
Loans from directors64,76038,804
Accruals and deferred income2,5501,650
78,98251,964
7Creditors:
amounts falling due after more than one year
20242023
££
Bank loans and overdrafts25,38928,363
25,38928,363
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