REGISTERED NUMBER: 02565916 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NORTH WEST MOUNTAIN BIKE CENTRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Kyffin

Mrs F Kyffin

SECRETARY:

Mrs F Kyffin

REGISTERED OFFICE:

249 Stockport Road

Cheadle

Cheshire

SK8 2BS

REGISTERED NUMBER:

02565916 (England and Wales)

ACCOUNTANTS:

Accountancy Summit Limited

Chartered Accountants

144 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2PW

FIXED ASSETS

Tangible assets

4

180,920

180,792

CURRENT ASSETS

Stocks

383,226

300,465

Cash at bank and in hand

170,935

152,640

554,161

453,105

CREDITORS

Amounts falling due within one year

5

220,700

189,651

NET CURRENT ASSETS

333,461

263,454

TOTAL ASSETS LESS CURRENT LIABILITIES

514,381

444,246

CREDITORS

Amounts falling due after more than one year

6

6,162

16,300

NET ASSETS

508,219

427,946

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

89,400

91,200

Retained earnings

418,719

336,646

SHAREHOLDERS' FUNDS

508,219

427,946

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

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

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 September 2025 and were signed on its behalf by:

A Kyffin - Director

1.	STATUTORY INFORMATION

North West Mountain Bike Centre 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 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

240,000

22,370

48,123

15,642

326,135

Additions

-

2,481

1,086

-

3,567

At 31 December 2024

240,000

24,851

49,209

15,642

329,702

DEPRECIATION

At 1 January 2024

59,800

22,370

47,745

15,428

145,343

Charge for year

3,200

-

117

122

3,439

At 31 December 2024

63,000

22,370

47,862

15,550

148,782

NET BOOK VALUE

At 31 December 2024

177,000

2,481

1,347

92

180,920

At 31 December 2023

180,200

-

378

214

180,792

Included in cost or valuation of land and buildings is freehold land of £ 60,000 (2023 - £ 60,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2020

240,000

24,851

49,209

15,642

329,702

If freehold land and building had not been revalued it would have been included at the following historical cost:

31/12/24

31/12/23

£

£

Cost

120,000

120,000

Aggregate depreciation

31,600

30,400

Value of land in freehold land and buildings

80,000

80,000

Freehold land and buildings were valued on an open market value basis on 30 June 2020 by Roberts & Roberts chartered surveyors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

145,189

122,567

Taxation and social security

60,492

52,960

Other creditors

5,019

4,124

220,700

189,651

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

6,162

16,300

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank loans

16,162

26,300

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

91,200

Transfer

(1,800

)

At 31 December 2024

89,400

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Kyffin.

The company is under the control of the Director Mr A Kyffin by virtue of his 60% shareholding.