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CYCLE SPHERE LIMITED

Registered Number
09844302
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

CYCLE SPHERE LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

BUSH, Kay Joanne
BUSH, Simon James
HOPE, Philip George Hamilton

Registered Address

6 The Shed
Sergeants Yard
Bordon
GU35 0DJ

Registered Number

09844302 (England and Wales)
CYCLE SPHERE LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,0311,406
1,0311,406
Current assets
Stocks33,65043,268
Debtors4,7373,254
Cash at bank and on hand6,82812,457
45,21558,979
Creditors amounts falling due within one year(18,978)(17,418)
Net current assets (liabilities)26,23741,561
Total assets less current liabilities27,26842,967
Creditors amounts falling due after one year(29,667)(33,667)
Provisions for liabilities(196)(267)
Net assets(2,595)9,033
Capital and reserves
Called up share capital100100
Profit and loss account(2,695)8,933
Shareholders' funds(2,595)9,033
The financial statements were approved and authorised for issue by the Board of Directors on 8 July 2025, and are signed on its behalf by:
BUSH, Simon James
Director
Registered Company No. 09844302
CYCLE SPHERE LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The directors have reviewed the Company's financial position and cash flow projections and are confident in the Company's ability to meet its obligations as they fall due. In forming this view, the directors have considered the financial support they are prepared to provide to the Company, if required. The directors have confirmed that they intend to provide such financial support for a period of at least 12 months from the date of approval of these financial statements, and that they have the means to do so. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 236,802
At 31 October 246,802
Depreciation and impairment
At 01 November 235,396
Charge for year375
At 31 October 245,771
Net book value
At 31 October 241,031
At 31 October 231,406