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REGISTERED NUMBER: 11243366 (England and Wales)





Paceline Cycles Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Paceline Cycles Limited (Registered number: 11243366)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paceline Cycles Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: R Hanson
M A Hanson
Mrs A M Hanson
Mrs F L Hanson





REGISTERED OFFICE: The Old Picture House
Station Rd
Crosshills
Keighley
West Yorksgire
BD20 7DT





REGISTERED NUMBER: 11243366 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Paceline Cycles Limited (Registered number: 11243366)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,716 37,280

CURRENT ASSETS
Stocks 179,858 179,858
Debtors 5 1,021 -
Cash at bank and in hand 42,122 66,892
223,001 246,750
CREDITORS
Amounts falling due within one year 6 (178,194 ) (169,993 )
NET CURRENT ASSETS 44,807 76,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,523

114,037

PROVISIONS FOR LIABILITIES (7,083 ) (7,083 )
NET ASSETS 94,440 106,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,340 106,854
94,440 106,954

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 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.

Paceline Cycles Limited (Registered number: 11243366)

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.

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 23 July 2025 and were signed on its behalf by:





M A Hanson - Director


Paceline Cycles Limited (Registered number: 11243366)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Paceline 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.

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
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

Paceline Cycles Limited (Registered number: 11243366)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 66,829
Additions 34,391
Disposals (11,900 )
At 31 March 2025 89,320
DEPRECIATION
At 1 April 2024 29,549
Charge for year 8,355
Eliminated on disposal (5,300 )
At 31 March 2025 32,604
NET BOOK VALUE
At 31 March 2025 56,716
At 31 March 2024 37,280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,021 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 33,727 8,729
Taxation and social security 13,638 26,458
Other creditors 130,829 134,806
178,194 169,993