Sterling Bicycles Ltd

	Page
Company Information	1
Director's Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Financial Statements	6—7

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Company No. 11611178

Director's Report For The Year Ended 31 March 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 March 2025.

Directors

The directors who held office during the year were as follows:

Mr Andrew Fenn

Statement of Director's Responsibilities

The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Andrew Fenn

Director

22nd August 2025

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Sterling Bicycles Ltd

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

In accordance with the engagement letter dated 08 October 2018, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

Anthony Fenn

22nd August 2025

AJF Property and Capital Ltd

6 Hawthornden Close

Kings Hill

West Malling

Kent

ME19 4GD

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Sterling Bicycles Ltd

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		10,047	3,967
Cost of sales		(682 )	(834 )

GROSS PROFIT		9,365	3,133

Administrative expenses		(988 )	(1,645 )

OPERATING PROFIT		8,377	1,488
Interest payable and similar charges		(1,698 )	(1,857 )

PROFIT/(LOSS) FOR THE FINANCIAL YEAR		6,679	(369 )

The notes on pages 6 to 7 form part of these financial statements.

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Sterling Bicycles Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,019		2,019
Tangible Assets	5		35		457

			2,054		2,476
CURRENT ASSETS
Debtors	6	-		76
Cash at bank and in hand		3,712		2,410

		3,712		2,486
NET CURRENT ASSETS (LIABILITIES)			3,712		2,486

TOTAL ASSETS LESS CURRENT LIABILITIES			5,766		4,962

Creditors: Amounts Falling Due After More Than One Year	7		(25,612 )		(31,487 )

NET LIABILITIES			(19,846 )		(26,525 )

CAPITAL AND RESERVES
Called up share capital	8		101		101
Profit and Loss Account			(19,947 )		(26,626 )

SHAREHOLDERS' FUNDS			(19,846)		(26,525)

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Andrew Fenn

Director

22nd August 2025

The notes on pages 6 to 7 form part of these financial statements.

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Sterling Bicycles Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Sterling Bicycles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11611178 . The registered office is 6 Hawthornden Close, Kings Hill, West Malling, Kent, ME19 4GD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are stated at cost. They are neither amortised nor depreciated. t

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	NA
Leasehold	NA
Plant & Machinery	over 3 years
Motor Vehicles	NA
Fixtures & Fittings	over 5 years
Computer Equipment	over 3 years

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 2)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 April 2024	2,019

As at 31 March 2025	2,019

Net Book Value
As at 31 March 2025	2,019

As at 1 April 2024	2,019

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Sterling Bicycles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	685

As at 31 March 2025	685

Depreciation
As at 1 April 2024	228
Provided during the period	422

As at 31 March 2025	650

Net Book Value
As at 31 March 2025	35

As at 1 April 2024	457

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	-	76

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Steve Hatch (Long term liabilities - creditors > 1 year)	6,786	6,463
Directors loan account	18,826	25,024

	25,612	31,487

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

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Director	Mr Andrew Fenn

Secretary	Mr Anthony Fenn

Company Number	11611178

Registered Office	6 Hawthornden Close
	Kings Hill
	West Malling
	Kent
	ME19 4GD

Accountants	AJF Property and Capital Ltd
	6 Hawthornden Close
	Kings Hill
	West Malling
	Kent
	ME19 4GD