Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-08-01Design, development, manufacture and selling of innovative cycle covers and cycle accessories2falsefalse 12681711 2023-08-01 2024-07-31 12681711 2022-08-01 2023-07-31 12681711 2024-07-31 12681711 2023-07-31 12681711 c:Director1 2023-08-01 2024-07-31 12681711 d:CurrentFinancialInstruments 2024-07-31 12681711 d:CurrentFinancialInstruments 2023-07-31 12681711 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12681711 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12681711 d:ShareCapital 2024-07-31 12681711 d:ShareCapital 2023-07-31 12681711 d:RetainedEarningsAccumulatedLosses 2024-07-31 12681711 d:RetainedEarningsAccumulatedLosses 2023-07-31 12681711 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12681711 c:OrdinaryShareClass1 2024-07-31 12681711 c:OrdinaryShareClass1 2023-07-31 12681711 c:FRS102 2023-08-01 2024-07-31 12681711 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12681711 c:FullAccounts 2023-08-01 2024-07-31 12681711 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12681711 2 2023-08-01 2024-07-31 12681711 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12681711









THE CYCLE COVER COMPANY LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
THE CYCLE COVER COMPANY LIMITED
REGISTERED NUMBER: 12681711

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
274
78

Cash at bank and in hand
  
3,755
8,464

  
4,029
8,542

Creditors: amounts falling due within one year
 5 
(48,611)
(47,322)

Net current liabilities
  
 
 
(44,582)
 
 
(38,780)

Total assets less current liabilities
  
(44,582)
(38,780)

  

Net liabilities
  
(44,582)
(38,780)


Capital and reserves
  

Called up share capital 
 6 
10
10

Profit and loss account
  
(44,592)
(38,790)

  
(44,582)
(38,780)


Page 1

 
THE CYCLE COVER COMPANY LIMITED
REGISTERED NUMBER: 12681711
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2025.




Mark Forshaw
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
THE CYCLE COVER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The company is registered in England and Wales. Its registered office is Stanley House, 27 Wellington
Road, Bilston, West Midlands, WV14 6AH. The company's principal activity continues to be that of the
design, development, manufacture and selling of innovative cycle covers and cycle accessories

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
THE CYCLE COVER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Debtors

2024
2023
£
£


Other debtors
274
78

274
78



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,175
116

Other creditors
46,236
46,106

Accruals and deferred income
1,200
1,100

48,611
47,322



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) ordinary shares of £1.00 each
10
10


 
Page 4