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REGISTERED NUMBER: 01758380 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

L.E. VELO CLUB LIMITED(THE)

L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L.E. VELO CLUB LIMITED(THE)

Company Information
for the Year Ended 31 March 2025







DIRECTORS: J S Dodd
D Frost
R Gray
G Heath
C Phillips
C Roberts
A P Smith
J C Beck
R F Williams





SECRETARY: J C Beck





REGISTERED OFFICE: Bullers End
43 Bradford Lane
Walsall
West Midlands
WS1 3LU





REGISTERED NUMBER: 01758380 (England and Wales)





ACCOUNTANTS: Ashmole & Co
3 Market Street
Llandeilo
Carmarthenshire
SA19 6AH

L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)

Abridged Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,577 3,866
Tangible assets 5 188,515 193,753
191,092 197,619

CURRENT ASSETS
Stocks 310,873 224,203
Debtors 1,014 -
Cash at bank 224,600 261,681
536,487 485,884
CREDITORS
Amounts falling due within one year 2,167 2,081
NET CURRENT ASSETS 534,320 483,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,412

681,422

RESERVES
Revaluation reserve 6 123,423 123,423
Income and expenditure account 601,989 557,999
725,412 681,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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.

L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)

Abridged Balance Sheet - continued
31 March 2025


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





J C Beck - Director


L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

L.e. Velo Club Limited(The) is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of nil years.

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 - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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 Statement of Income and Retained Earnings, 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.

L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 6,443
AMORTISATION
At 1 April 2024 2,577
Amortisation for year 1,289
At 31 March 2025 3,866
NET BOOK VALUE

At 31 March 2025 2,577
At 31 March 2024 3,866

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 209,426
DEPRECIATION
At 1 April 2024 15,673
Charge for year 5,238
At 31 March 2025 20,911
NET BOOK VALUE
At 31 March 2025 188,515
At 31 March 2024 193,753

Cost or valuation at 31 March 2025 is represented by:

Totals
£   
Valuation in 2023 209,426

L.E. VELO CLUB LIMITED(THE) (REGISTERED NUMBER: 01758380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 123,423