Company Registration No. 15065174 (England and Wales)
No Limit Cycling Club Ltd
Unaudited accounts
for the period from 11 August 2023 to 31 August 2024
No Limit Cycling Club Ltd
Unaudited accounts
Contents
No Limit Cycling Club Ltd
Company Information
for the period from 11 August 2023 to 31 August 2024
Directors
CAROLINE WILSON
RHOMA EREKPAINE
Company Number
15065174 (England and Wales)
Registered Office
235 Moorside Road
Bromley,
BR1 5EY
United Kingdom
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
No Limit Cycling Club Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
10,570
Creditors: amounts falling due within one year
(16,702)
Net current liabilities
(3,529)
Profit and loss account
(2,734)
Shareholders' funds
(2,732)
For the period ending 31 August 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 9 May 2025 and were signed on its behalf by
RHOMA EREKPAINE
Director
Company Registration No. 15065174
No Limit Cycling Club Ltd
Notes to the Accounts
for the period from 11 August 2023 to 31 August 2024
No Limit Cycling Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 15065174. The registered office is 235 Moorside Road, Bromley,, BR1 5EY, United Kingdom.
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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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33.33% Straight line
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern
basis of accounting in preparing the financial statements.
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Tangible fixed assets
Fixtures & fittings
No Limit Cycling Club Ltd
Notes to the Accounts
for the period from 11 August 2023 to 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
2,603
6
Creditors: amounts falling due within one year
2024
Loans from directors
13,675
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Average number of employees
During the period the average number of employees was 0.