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Company Registration No. 12839440 (England and Wales)
Cool Cycles Inc Ltd Unaudited accounts for the year ended 31 August 2024
Cool Cycles Inc Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cool Cycles Inc Ltd Company Information for the year ended 31 August 2024
Director
Xiongwen Bao
Company Number
12839440 (England and Wales)
Registered Office
Unit 39 St Olavs Court City Business Centre Lower Road London SE16 2XB
Accountants
LJW Accountants Limited 27 Hardy Avenue Dartford Kent DA1 2FE
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Cool Cycles Inc Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Current assets
Cash at bank and in hand
1,017
659
Creditors: amounts falling due within one year
4
(147)
(203)
Net current assets
870
456
Net assets
870
456
Capital and reserves
Called up share capital
100
100
Profit and loss account
770
356
Shareholders' funds
870
456
For the year 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 director acknowledges his 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 and authorised for issue on 24 May 2025 and were signed on its behalf by
Xiongwen Bao Director Company Registration No. 12839440
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Cool Cycles Inc Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Cool Cycles Inc Ltd is a private company, limited by shares, registered in England and Wales, registration number 12839440. The registered office is Unit 39 St Olavs Court, City Business Centre, Lower Road, London, SE16 2XB.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
97
83
Accruals
50
120
147
203
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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