IRIS Accounts Production v25.1.4.42 09852982 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098529822023-11-30098529822024-11-30098529822023-12-012024-11-30098529822022-11-30098529822022-12-012023-11-30098529822023-11-3009852982ns15:EnglandWales2023-12-012024-11-3009852982ns14:PoundSterling2023-12-012024-11-3009852982ns10:Director12023-12-012024-11-3009852982ns10:Director22023-12-012024-11-3009852982ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009852982ns10:SmallEntities2023-12-012024-11-3009852982ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009852982ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009852982ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009852982ns10:FullAccounts2023-12-012024-11-300985298212023-12-012024-11-3009852982ns10:Director32023-12-012024-11-3009852982ns10:Director42023-12-012024-11-3009852982ns10:Director52023-12-012024-11-3009852982ns10:RegisteredOffice2023-12-012024-11-3009852982ns5:CurrentFinancialInstruments2024-11-3009852982ns5:CurrentFinancialInstruments2023-11-3009852982ns5:Non-currentFinancialInstruments2024-11-3009852982ns5:Non-currentFinancialInstruments2023-11-3009852982ns5:ShareCapital2024-11-3009852982ns5:ShareCapital2023-11-3009852982ns5:RetainedEarningsAccumulatedLosses2024-11-3009852982ns5:RetainedEarningsAccumulatedLosses2023-11-3009852982ns5:NetGoodwill2023-12-012024-11-3009852982ns5:NetGoodwill2023-11-3009852982ns5:NetGoodwill2024-11-3009852982ns5:NetGoodwill2023-11-3009852982ns5:PlantMachinery2023-11-3009852982ns5:PlantMachinery2024-11-3009852982ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009852982ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 09852982 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Cycling Brands Limited

Cycling Brands Limited (Registered number: 09852982)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cycling Brands Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: J W Belcher
M Blake
C P Lynch
D M O'connor
J Wall





REGISTERED OFFICE: Bloxham Mill
Barford Road
Bloxham
Banbury
OX15 4F





REGISTERED NUMBER: 09852982 (England and Wales)





ACCOUNTANTS: Tradewinds Accounting Services Limited
14 Marshall Road
Ampfield
Romsey
Hampshire
SO51 0DQ

Cycling Brands Limited (Registered number: 09852982)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 16,000
Tangible assets 5 - -
8,000 16,000

CURRENT ASSETS
Stocks 244,415 426,837
Debtors 6 56,037 40,200
Cash at bank 51,065 37,350
351,517 504,387
CREDITORS
Amounts falling due within one year 7 84,150 131,463
NET CURRENT ASSETS 267,367 372,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,367

388,924

CREDITORS
Amounts falling due after more than one year 8 218,422 206,922
NET ASSETS 56,945 182,002

CAPITAL AND RESERVES
Called up share capital 706,044 628,011
Retained earnings (649,099 ) (446,009 )
56,945 182,002

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

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

Cycling Brands Limited (Registered number: 09852982)

Balance Sheet - continued
30 November 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 30 August 2025 and were signed on its behalf by:




J W Belcher - Director



C P Lynch - Director


Cycling Brands Limited (Registered number: 09852982)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Cycling Brands 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

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.

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.

Cycling Brands Limited (Registered number: 09852982)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 40,000
AMORTISATION
At 1 December 2023 24,000
Charge for year 8,000
At 30 November 2024 32,000
NET BOOK VALUE
At 30 November 2024 8,000
At 30 November 2023 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 1,324
DEPRECIATION
At 1 December 2023
and 30 November 2024 1,324
NET BOOK VALUE
At 30 November 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 36,363 24,054
Amounts owed by associates - 2,111
Other debtors 19,674 14,035
56,037 40,200

Cycling Brands Limited (Registered number: 09852982)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 17,390 18,908
Trade creditors 24,485 27,180
Amounts owed to associates - 552
Taxation and social security 10,351 28,240
Other creditors 31,924 56,583
84,150 131,463

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 28,422 16,922
Other creditors 190,000 190,000
218,422 206,922