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REGISTERED NUMBER: 06132597 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

REVOLUTION BIKES LTD
TRADING AS
EVOLUTION BIKES

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered certified accountants' report 9

REVOLUTION BIKES LTD
TRADING AS EVOLUTION BIKES

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G W Jones
M W Prichard





SECRETARY: G W Jones





REGISTERED OFFICE: Cyttir Lane
Bangor
Gwynedd
LL57 4DA





REGISTERED NUMBER: 06132597 (England and Wales)





ACCOUNTANTS: Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 323,893 220,016

CURRENT ASSETS
Stocks 202,026 362,653
Debtors 5 212,683 224,709
Cash at bank and in hand 180,410 153,353
595,119 740,715
CREDITORS
Amounts falling due within one year 6 (178,461 ) (272,602 )
NET CURRENT ASSETS 416,658 468,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

740,551

688,129

CREDITORS
Amounts falling due after more than
one year

7

(23,579

)

(42,895

)

PROVISIONS FOR LIABILITIES (32,365 ) (4,207 )
NET ASSETS 684,607 641,027

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 86,329 -
Retained earnings 598,178 640,927
SHAREHOLDERS' FUNDS 684,607 641,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





G W Jones - Director


REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Revolution Bikes Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for bicycle goods and services net of V. A. T.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance and at variable rates 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 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.

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.

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 203,208 94,030 297,238
Revaluations 101,792 - 101,792
At 30 September 2024 305,000 94,030 399,030
DEPRECIATION
At 1 October 2023 13,313 63,909 77,222
Charge for year 4,803 6,424 11,227
Eliminated on disposal - 1 1
Revaluation adjustments (13,313 ) - (13,313 )
At 30 September 2024 4,803 70,334 75,137
NET BOOK VALUE
At 30 September 2024 300,197 23,696 323,893
At 30 September 2023 189,895 30,121 220,016

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

In January 2024 freehold land and buildings were revalued to a fair value of £305,000 by G D Thomas, MRICS, Bob Parry (Survey & Valuation) Limited. Without their revaluation the carrying value would be £189,895. The directors are not aware of any material change in value since the revaluation was made.

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 115,105 - 115,105
Cost 189,895 94,030 283,925
305,000 94,030 399,030

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 20,776
DEPRECIATION
At 1 October 2023 12,797
Charge for year 100
At 30 September 2024 12,897
NET BOOK VALUE
At 30 September 2024 7,879
At 30 September 2023 7,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 9,800 24,084
Other debtors 202,883 200,625
212,683 224,709

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 20,904 20,880
Trade creditors 59,339 125,288
Taxation and social security 61,198 77,587
Other creditors 37,020 48,847
178,461 272,602

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 23,579 42,895

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 44,483 63,775

The bank loan is secured on the freehold land and buildings

9. RESERVES
Revaluation
reserve
£   
Revaluation Reserve 86,329

At 30 September 2024 86,329

REVOLUTION BIKES LTD (REGISTERED NUMBER: 06132597)
TRADING AS EVOLUTION BIKES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
M W Prichard
Balance outstanding at start of year 150,000 (5,386 )
Amounts advanced - 155,386
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,000 150,000

G W Jones
Balance outstanding at start of year (4,491 ) (5,386 )
Amounts advanced 6,749 895
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,258 (4,491 )

At the reporting date, the following directors had overdrawn loan accounts with the company:

-M Prichard: £150,000 (2023, £150,000)

-G Jones: £2,258 (2023, £0)

In the prior year, G Jones had a loan balance included within other creditors of £4,491.

No interest has been charged on any overdrawn directors' loan account during the year.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G. W. Jones and M. W. Prichard, directors and equal majority shareholders.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REVOLUTION BIKES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Revolution Bikes Ltd for the year ended 30 September 2024 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.






Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF


17 June 2025