REGISTERED NUMBER: 06100578 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WEBSTERS CYCLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

SECRETARY:

REGISTERED OFFICE:

6 Firtree Close

Wigston

Leicester

Leicestershire

LE18 1JD

REGISTERED NUMBER:

06100578 (England and Wales)

ACCOUNTANTS:

Graham Barnes FCA

26 Rectory Lane

Thurcaston

Leicester

Leicestershire

LE7 7JQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

27,619

-

27,619

CURRENT ASSETS

Stocks

-

93,915

Cash at bank

445,203

386,700

445,203

480,615

CREDITORS

Amounts falling due within one year

6

5,057

12,289

NET CURRENT ASSETS

440,146

468,326

TOTAL ASSETS LESS CURRENT LIABILITIES

440,146

495,945

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

440,143

495,942

SHAREHOLDERS' FUNDS

440,146

495,945

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

The members have not required the company to obtain an audit of its financial statements for the year 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 1 September 2025 and were signed by:

M B WEBSTER - Director

1.	STATUTORY INFORMATION

Websters 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

9,532

AMORTISATION

At 1 April 2024

and 31 March 2025

9,532

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

164,958

Additions

329

Disposals

(165,287

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

137,339

Eliminated on disposal

(137,339

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

27,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

735

Taxation and social security

-

7,920

Other creditors

5,057

3,634

5,057

12,289

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M B WEBSTER

Balance outstanding at start of year

-

270,000

Amounts repaid

-

(270,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

the loan to the Director was fully repaid on 16 July 2023

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,118 (2024 - £12,750) were paid to the director .