1 July 2023 false No description of principal activity Taxfiler 2024.6 12672401business:PrivateLimitedCompanyLtd2023-07-012024-06-30 126724012023-06-30 126724012023-07-012024-06-30 12672401business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 12672401business:FilletedAccounts2023-07-012024-06-30 126724012024-06-30 12672401business:Director12023-07-012024-06-30 12672401business:Director22023-07-012024-06-30 12672401business:RegisteredOffice2023-07-012024-06-30 126724012023-06-30 12672401core:WithinOneYear2024-06-30 12672401core:WithinOneYear2023-06-30 12672401core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12672401core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12672401core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 12672401core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 12672401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12672401core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12672401core:PreviouslyStatedAmount2024-06-30 12672401core:PreviouslyStatedAmount2023-06-30 12672401business:SmallEntities2023-07-012024-06-30 12672401countries:EnglandWales2023-07-012024-06-30 12672401core:FurnitureFittings2023-07-012024-06-30 12672401core:ComputerEquipment2023-07-012024-06-30 12672401core:FurnitureFittings2023-06-30 12672401core:ComputerEquipment2023-06-30 12672401core:FurnitureFittings2024-06-30 12672401core:ComputerEquipment2024-06-30 126724012022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12672401 (England and Wales)
KelsallCycles Ltd Unaudited accounts for the year ended 30 June 2024
KelsallCycles Ltd Unaudited accounts Contents
Page
- 2 -
KelsallCycles Ltd Company Information for the year ended 30 June 2024
Directors
Michael Paul Speers Alexander Bateson
Company Number
12672401 (England and Wales)
Registered Office
11 The Wynd Kelsall Tarporley Cheshire CW6 0PX United Kingdom
Accountants
NJM Bookkeeping Limited The Old Church Hall Old Coach Road Kelsall Cheshire CW6 0QJ
- 3 -
KelsallCycles Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,712 
3,469 
Current assets
Inventories
33,076 
6 
Debtors
8,897 
3,960 
Cash at bank and in hand
4,990 
5,288 
46,963 
9,254 
Creditors: amounts falling due within one year
(35,721)
(28,503)
Net current assets/(liabilities)
11,242 
(19,249)
Net assets/(liabilities)
12,954 
(15,780)
Capital and reserves
Called up share capital
100 
100 
Share premium
2,000 
2,000 
Profit and loss account
10,854 
(17,880)
Shareholders' funds
12,954 
(15,780)
For the year ending 30 June 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Michael Paul Speers Director Company Registration No. 12672401
- 4 -
KelsallCycles Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
KelsallCycles Ltd is a private company, limited by shares, registered in England and Wales, registration number 12672401. The registered office is 11 The Wynd, Kelsall, Tarporley, Cheshire, CW6 0PX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
7,388 
200 
7,588 
At 30 June 2024
7,388 
200 
7,588 
Depreciation
At 1 July 2023
4,065 
54 
4,119 
Charge for the year
1,707 
50 
1,757 
At 30 June 2024
5,772 
104 
5,876 
Net book value
At 30 June 2024
1,616 
96 
1,712 
At 30 June 2023
3,323 
146 
3,469 
- 5 -
KelsallCycles Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,897 
3,498 
Other debtors
- 
462 
8,897 
3,960 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,501 
6,631 
Trade creditors
8,754 
14,216 
Taxes and social security
3,944 
1,755 
Other creditors
12,478 
5,470 
Loans from directors
4,595 
- 
Accruals
449 
431 
35,721 
28,503 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -