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REGISTERED NUMBER: 03355530 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

N-VIROCYCLE LIMITED

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N-VIROCYCLE LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTORS: J Edwards
K J Smith





SECRETARY: K J Smith





REGISTERED OFFICE: The Motor Garage
Bristol Road
Cambridge
Gloucestershire
GL2 7AL





REGISTERED NUMBER: 03355530 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,239,608 7,115,785

CURRENT ASSETS
Stocks 31,904 10,549
Debtors 5 1,830,049 1,929,981
Cash at bank and in hand 68,906 67,177
1,930,859 2,007,707
CREDITORS
Amounts falling due within one year 6 (2,742,108 ) (3,177,404 )
NET CURRENT LIABILITIES (811,249 ) (1,169,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,428,359

5,946,088

CREDITORS
Amounts falling due after more than one
year

7

(1,390,152

)

(1,988,587

)

PROVISIONS FOR LIABILITIES 9 (962,864 ) (876,718 )
NET ASSETS 3,075,343 3,080,783

CAPITAL AND RESERVES
Called up share capital 10 120,000 120,000
Retained earnings 2,955,343 2,960,783
SHAREHOLDERS' FUNDS 3,075,343 3,080,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

BALANCE SHEET - continued
28 February 2025


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





J Edwards - Director


N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

N-Virocycle Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 33% on cost, 33% on reducing balance, 25% on reducing balance, 10% on cost and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2024 - 49 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2024 149,375 11,265,296 11,414,671
Additions - 759,872 759,872
Disposals - (504,204 ) (504,204 )
At 28 February 2025 149,375 11,520,964 11,670,339
DEPRECIATION
At 1 March 2024 41,726 4,257,160 4,298,886
Charge for year 14,223 1,379,118 1,393,341
Eliminated on disposal - (261,496 ) (261,496 )
At 28 February 2025 55,949 5,374,782 5,430,731
NET BOOK VALUE
At 28 February 2025 93,426 6,146,182 6,239,608
At 29 February 2024 107,649 7,008,136 7,115,785

At the balance sheet date, assets held under hire purchase contracts had a cost of £6,315,439 (2024 - £6,529.897) and accumulated depreciation of £2,845.490 (2024 - £1,145,447). During the year, depreciation of £946,254 was charged on these assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,257,320 1,534,110
Other debtors 572,729 395,871
1,830,049 1,929,981

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 585,848 778,879
Hire purchase contracts 1,258,952 1,432,719
Trade creditors 588,211 664,368
Taxation and social security 212,528 216,089
Other creditors 96,569 85,349
2,742,108 3,177,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 26,592
Hire purchase contracts 1,390,152 1,961,995
1,390,152 1,988,587

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 585,848 805,471
Hire purchase contracts 2,649,104 3,394,714
3,234,952 4,200,185

Bank loans and overdrafts are secured by a fixed and floating charge over the assets of the company.

Hire purchase creditors are secured over the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 962,864 876,718

Deferred
tax
£   
Balance at 1 March 2024 876,718
Utilised during year 86,146
Balance at 28 February 2025 962,864

N-VIROCYCLE LIMITED (REGISTERED NUMBER: 03355530)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary share £1 100 100
119,900 Ordinary A share £1 119,900 119,900
120,000 120,000

11. RELATED PARTY DISCLOSURES

A loan to NVC Holdings Ltd a company with common control at the year end of £307,893 (2024 £176,238)

12. ULTIMATE CONTROLLING PARTY

The company is controlled by NVC Holdings Limited (company number 10213850).