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Registered number: 05726986










CYCLES U.K. RAYLEIGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
CYCLES U.K. RAYLEIGH LIMITED
REGISTERED NUMBER: 05726986

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
458,505
458,505

  
458,505
458,505

Current assets
  

Debtors: amounts falling due within one year
 5 
9,544
9,544

  
9,544
9,544

Creditors: amounts falling due within one year
 6 
(543,921)
(544,256)

Net current liabilities
  
 
 
(534,377)
 
 
(534,712)

Total assets less current liabilities
  
(75,872)
(76,207)

  

Net liabilities
  
(75,872)
(76,207)


Capital and reserves
  

Called up share capital 
  
900
900

Share premium account
  
44,900
44,900

Capital redemption reserve
  
100
100

Profit and loss account
  
(121,772)
(122,107)

  
(75,872)
(76,207)


The director considers 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 director acknowledges his 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 4 June 2025.





R C Schofield
Page 1

 
CYCLES U.K. RAYLEIGH LIMITED
REGISTERED NUMBER: 05726986

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Cycles U.K. Rayleigh Limited is a company limited by shares, incorporated in England and Wales. Its registered office is 4 Chester Court, Chester Hall Lane, Basildon, SS14 3WR. Its principal place of business is PO  12970, Billericay, Essex, CM12 2FZ.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 3

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

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 (2024 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2024
458,505



At 31 January 2025
458,505





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Cycles U.K. (Holdings) Limited
England and Wales
Ordinary
100%
Cycles U.K. Limited
England and Wales
Ordinary
100%

The aggregate of the share capital and reserves as at 31 January 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Cycles U.K. (Holdings) Limited
200,100
-

Cycles U.K. Limited
1,226,218
383,142


5.


Debtors

2025
2024
£
£


Other debtors
9,544
9,544
Page 4

 
CYCLES U.K. RAYLEIGH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.Debtors (continued)


9,544
9,544



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Amounts owed to group undertakings
536,443
536,778

Other creditors
7,478
7,478

543,921
544,256



Page 5