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REGISTERED NUMBER: 09090553 (England and Wales)
























SENOVA CYCLES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






SENOVA CYCLES LTD (REGISTERED NUMBER: 09090553)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SENOVA CYCLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: E Salih





REGISTERED OFFICE: 47 Lord Steet
Hoddesdon
Hertfordshire
EN11 8NA





REGISTERED NUMBER: 09090553 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

SENOVA CYCLES LTD (REGISTERED NUMBER: 09090553)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304 380

CURRENT ASSETS
Cash at bank 676 676

CREDITORS
Amounts falling due within one year 5 17,136 14,576
NET CURRENT LIABILITIES (16,460 ) (13,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,156 ) (13,520 )

CREDITORS
Amounts falling due after more than one
year

6

3,124

5,050
NET LIABILITIES (19,280 ) (18,570 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (19,281 ) (18,571 )
(19,280 ) (18,570 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:




E Salih - Director


SENOVA CYCLES LTD (REGISTERED NUMBER: 09090553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Senova Cycles Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SENOVA CYCLES LTD (REGISTERED NUMBER: 09090553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 10,392
DEPRECIATION
At 1 July 2023 10,012
Charge for year 76
At 30 June 2024 10,088
NET BOOK VALUE
At 30 June 2024 304
At 30 June 2023 380

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,200 2,200
Trade creditors 360 360
Other creditors 14,576 12,016
17,136 14,576

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,124 5,050

7. RELATED PARTY DISCLOSURES

During the year, Mr Salih (Director) loaned the company money with no set repayment date and no interest payable. At the year end the amount due from the company to the director was £14,576 (2023: £12,016).

8. ULTIMATE CONTROLLING PARTY

The controlling party is E Salih.

The ultimate controlling party is E Salih.

9. GOING CONCERN

The director recognises that the company has an insolvent balance sheet and confirms that they will continue to support the company personally until it is in a solvent position again.