REGISTERED NUMBER: 06132597 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2025

FOR

REVOLUTION BIKES LTD

TRADING AS

EVOLUTION BIKES

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered certified accountants' report

9

DIRECTOR:

G W Jones

SECRETARY:

G W Jones

REGISTERED OFFICE:

Cyttir Lane

Bangor

Gwynedd

LL57 4DA

REGISTERED NUMBER:

06132597 (England and Wales)

ACCOUNTANTS:

Fraser Wood Limited

Chartered Certified Accountants

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

FIXED ASSETS

Tangible assets

4

317,000

323,893

CURRENT ASSETS

Stocks

186,000

202,026

Debtors

5

64,397

212,683

Cash at bank and in hand

154,612

180,410

405,009

595,119

CREDITORS

Amounts falling due within one year

6

(289,424

)

(178,461

)

NET CURRENT ASSETS

115,585

416,658

TOTAL ASSETS LESS CURRENT LIABILITIES

432,585

740,551

CREDITORS

Amounts falling due after more than one year

7

(13,805

)

(23,579

)

PROVISIONS FOR LIABILITIES

(30,657

)

(32,365

)

NET ASSETS

388,123

684,607

CAPITAL AND RESERVES

Called up share capital

50

100

Revaluation reserve

9

88,249

86,329

Capital redemption reserve

50

-

Retained earnings

299,774

598,178

SHAREHOLDERS' FUNDS

388,123

684,607

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2025 and were signed by:

G W Jones - Director

1.	STATUTORY INFORMATION

Revolution Bikes Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for bicycle goods and services net of V. A. T.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

20% on reducing balance and at variable rates 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 period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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 period was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2024

and 31 March 2025

305,000

94,030

399,030

DEPRECIATION

At 1 October 2024

4,803

70,334

75,137

Charge for period

3,202

3,691

6,893

At 31 March 2025

8,005

74,025

82,030

NET BOOK VALUE

At 31 March 2025

296,995

20,005

317,000

At 30 September 2024

300,197

23,696

323,893

In January 2024 freehold land and buildings were revalued to a fair value of £305,000 by G D Thomas, MRICS, Bob Parry (Survey & Valuation) Limited. Without their revaluation the carrying value would be £189,895. The directors are not aware of any material change in value since the revaluation was made.

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

115,105

-

115,105

Cost

189,895

94,030

283,925

305,000

94,030

399,030

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 October 2024

and 31 March 2025

20,776

DEPRECIATION

At 1 October 2024

12,897

Charge for period

200

At 31 March 2025

13,097

NET BOOK VALUE

At 31 March 2025

7,679

At 30 September 2024

7,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

£

Trade debtors

13,772

9,800

Other debtors

50,625

202,883

64,397

212,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.24

£

£

Bank loans and overdrafts

20,880

20,904

Trade creditors

125,455

59,339

Taxation and social security

22,775

61,198

Other creditors

120,314

37,020

289,424

178,461

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

30.9.24

£

£

Bank loans

13,805

23,579

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

30.9.24

£

£

Bank loans

34,685

44,483

The bank loan is secured on the freehold land and buildings

9.

RESERVES

Revaluatio

reserve

£

At 1 October 2024

86,329

Revaluation Reserve

1,920

At 31 March 2025

88,249

10.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 30 September 2024:

31.3.25

30.9.24

£

£

M W Prichard

Balance outstanding at start of period

150,000

150,000

Amounts repaid

(150,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

150,000

G W Jones

Balance outstanding at start of period

2,258

(4,491

)

Amounts advanced

-

6,749

Amounts repaid

(36,140

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(33,882

)

2,258

At the reporting date, the following loan balances were due from directors:

-M Prichard: £nil (September 2024: £150,000 overdrawn)

-G Jones: £nil (September 2024: £2,258 overdrawn)

At March 2025, the following balance was due to a director:

-G Jones: £33,882 (credit balance)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G W Jones.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Revolution Bikes Ltd for the year ended 31 March 2025 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Fraser Wood Limited

Chartered Certified Accountants

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

28 August 2025