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Company Registration No. 7338171 (England and Wales)
Vielo Sports Ltd Unaudited accounts for the year ended 31 December 2024
Vielo Sports Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Vielo Sports Ltd Company Information for the year ended 31 December 2024
Directors
Ian Hughes Trevor Hughes Simon Morland Sam Ratcliffe
Secretary
Trevor Hughes
Company Number
7338171 (England and Wales)
Registered Office
10 Keel Row The Watermark Gateshead Tyne And Wear NE11 9SZ UK
Accountants
JBC Management Solutions Ltd 5 Dene Park Ponteland Newcastle upon Tyne Northumberland NE20 9AH
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Vielo Sports Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
89,975 
49,074 
Tangible assets
5
26,797 
45,982 
116,772 
95,056 
Current assets
Inventories
216,898 
227,822 
Debtors
6
17,844 
4,589 
Cash at bank and in hand
143,631 
21,227 
378,373 
253,638 
Creditors: amounts falling due within one year
7
(210,505)
(192,278)
Net current assets
167,868 
61,360 
Total assets less current liabilities
284,640 
156,416 
Creditors: amounts falling due after more than one year
8
(7,832)
(107,665)
Net assets
276,808 
48,751 
Capital and reserves
Called up share capital
771,631 
482,231 
Share premium
140,042 
129,442 
Profit and loss account
(634,865)
(562,922)
Shareholders' funds
276,808 
48,751 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Trevor Hughes Director Company Registration No. 7338171
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Vielo Sports Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Vielo Sports Ltd is a private company, limited by shares, registered in England and Wales, registration number 7338171. The registered office is 10 Keel Row, The Watermark, Gateshead, Tyne And Wear, NE11 9SZ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line depreciation across 4 years
Fixtures & fittings
Straight line depreciation across 2 years
Computer equipment
Straight line depreciation across 4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill, intellectual property and patents) are included at cost less accumulated amortisation. Amortisation is straight line across 4 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
57,714 
Additions
43,781 
At 31 December 2024
101,495 
Amortisation
At 1 January 2024
8,640 
Charge for the year
2,880 
At 31 December 2024
11,520 
Net book value
At 31 December 2024
89,975 
At 31 December 2023
49,074 
- 5 -
Vielo Sports Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
104,485 
27,066 
16,645 
148,196 
Additions
- 
1,358 
- 
1,358 
At 31 December 2024
104,485 
28,424 
16,645 
149,554 
Depreciation
At 1 January 2024
63,782 
25,371 
13,061 
102,214 
Charge for the year
17,315 
1,668 
1,560 
20,543 
At 31 December 2024
81,097 
27,039 
14,621 
122,757 
Net book value
At 31 December 2024
23,388 
1,385 
2,024 
26,797 
At 31 December 2023
40,703 
1,695 
3,584 
45,982 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,479 
(1,805)
Accrued income and prepayments
8,315 
6,394 
Other debtors
50 
- 
17,844 
4,589 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,765 
- 
Trade creditors
165,800 
166,935 
Taxes and social security
17,940 
25,299 
Loans from directors
- 
44 
210,505 
192,278 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,832 
107,665 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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