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REGISTERED NUMBER: 06729225 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

KIDS AND FAMILY CYCLES LIMITED

KIDS AND FAMILY CYCLES LIMITED (Registered number: 06729225)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIDS AND FAMILY CYCLES LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs C Roberts
M G Roberts





SECRETARY: Mrs C Roberts





REGISTERED OFFICE: The Gatehouse
Wick Drive
New Milton
Hampshire
BH25 6SJ





REGISTERED NUMBER: 06729225 (England and Wales)





ACCOUNTANTS: Richard Baker & Co.
The Gatehouse
Wick Drive
New Milton
Hampshire
BH25 6SJ

KIDS AND FAMILY CYCLES LIMITED (Registered number: 06729225)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,707 19,827

CURRENT ASSETS
Stocks 125,241 175,559
Debtors 5 14,708 2,846
Cash at bank 10,708 12,704
150,657 191,109
CREDITORS
Amounts falling due within one year 6 114,659 136,280
NET CURRENT ASSETS 35,998 54,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,705

74,656

CREDITORS
Amounts falling due after more than one
year

7

20,000

35,000
NET ASSETS 33,705 39,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,605 39,556
33,705 39,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

KIDS AND FAMILY CYCLES LIMITED (Registered number: 06729225)

Balance Sheet - continued
31 October 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 29 July 2025 and were signed on its behalf by:





Mrs C Roberts - Director


KIDS AND FAMILY CYCLES LIMITED (Registered number: 06729225)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

KIDS AND FAMILY 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.

Equipment 15%, Motor vehicles 10% and 20%, Computer equipment 20%, reducing balance basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

KIDS AND FAMILY CYCLES LIMITED (Registered number: 06729225)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 3,523 53,395 7,329 64,247
Additions - - 1,216 1,216
At 31 October 2024 3,523 53,395 8,545 65,463
DEPRECIATION
At 1 November 2023 2,996 35,741 5,683 44,420
Charge for year 79 2,806 451 3,336
At 31 October 2024 3,075 38,547 6,134 47,756
NET BOOK VALUE
At 31 October 2024 448 14,848 2,411 17,707
At 31 October 2023 527 17,654 1,646 19,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 14,708 2,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 26,187 30,502
Payments on account 1,667 833
Trade creditors - 15,244
Taxation and social security 7,578 14,081
Other creditors 79,227 75,620
114,659 136,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 20,000 35,000