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REGISTERED NUMBER: 05616464 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JULIE'S CYCLES LIMITED

JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JULIE'S CYCLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr KC White





REGISTERED OFFICE: 212/216
Clarendon Park Road
Leicester
Leicestershire
LE2 3AG





REGISTERED NUMBER: 05616464 (England and Wales)

JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,663 45,816

CURRENT ASSETS
Stocks 160,413 180,909
Debtors 5 7,880 13,489
Cash at bank - 25,761
168,293 220,159
CREDITORS
Amounts falling due within one year 6 56,881 58,024
NET CURRENT ASSETS 111,412 162,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,075

207,951

CREDITORS
Amounts falling due after more than one
year

7

(22,114

)

(38,040

)

PROVISIONS FOR LIABILITIES (1,079 ) (5,164 )
NET ASSETS 124,882 164,747

CAPITAL AND RESERVES
Called up share capital 43,750 43,750
Retained earnings 81,132 120,997
SHAREHOLDERS' FUNDS 124,882 164,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





Mr KC White - Director


JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

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


1. STATUTORY INFORMATION

Julie's Cycles 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.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies products to customers from its premises, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be when the customers collect the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

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


2. ACCOUNTING POLICIES - continued
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.

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.

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.

Creditors
Short term trade 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 AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 35,516 58,270 19,015 112,801
Additions 608 - 595 1,203
At 31 January 2025 36,124 58,270 19,610 114,004
DEPRECIATION
At 1 February 2024 28,478 25,242 13,265 66,985
Charge for year 1,147 8,257 952 10,356
At 31 January 2025 29,625 33,499 14,217 77,341
NET BOOK VALUE
At 31 January 2025 6,499 24,771 5,393 36,663
At 31 January 2024 7,038 33,028 5,750 45,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 914 472
Other debtors 6,966 13,017
7,880 13,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 16,697 10,000
Hire purchase contracts (see note 8) 5,926 5,296
Trade creditors 16,260 19,517
Taxation and social security 8,679 15,685
Other creditors 9,319 7,526
56,881 58,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,333 13,333
Hire purchase contracts (see note 8) 18,781 24,707
22,114 38,040

JULIE'S CYCLES LIMITED (REGISTERED NUMBER: 05616464)

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


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 5,926 5,296
Between one and five years 18,781 24,707
24,707 30,003

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft 6,697 -
Bank loans 13,333 23,333
Hire purchase contracts 24,707 30,003
44,737 53,336

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr KC White
Balance outstanding at start of year 5,000 -
Amounts advanced 17,040 36,464
Amounts repaid (21,166 ) (31,464 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 874 5,000