Lutterworth Cycle Centre Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09498067

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,302		29,736

			22,302		29,736
CURRENT ASSETS
Stocks	5	185,448		183,046
Debtors	6	10,072		9,996
Cash at bank and in hand		147,356		159,294

		342,876		352,336
Creditors: Amounts Falling Due Within One Year	7	(155,613 )		(171,089 )

NET CURRENT ASSETS (LIABILITIES)			187,263		181,247

TOTAL ASSETS LESS CURRENT LIABILITIES			209,565		210,983

Creditors: Amounts Falling Due After More Than One Year	8		(6,000 )		(12,000 )

NET ASSETS			203,565		198,983

CAPITAL AND RESERVES
Called up share capital	9		2,000		2,000
Profit and Loss Account			201,565		196,983

SHAREHOLDERS' FUNDS			203,565		198,983

Page 1

Page 2

Lutterworth Cycle Centre Ltd

Balance Sheet (continued)

As At 31 March 2025

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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N Haines

Director

07/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lutterworth Cycle Centre Ltd Registered number 09498067 is a limited by shares company incorporated in England & Wales. The Registered Office is 1B George Street, Lutterworth, Leicestershire, LE17 4EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	4	4

	5	5

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	62,324	14,454	76,778

As at 31 March 2025	62,324	14,454	76,778

Depreciation
As at 1 April 2024	34,625	12,417	47,042
Provided during the period	6,925	509	7,434

As at 31 March 2025	41,550	12,926	54,476

Net Book Value
As at 31 March 2025	20,774	1,528	22,302

As at 1 April 2024	27,699	2,037	29,736

Page 3

Page 4

Lutterworth Cycle Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Stock	185,448	183,046

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,999	4,869
Prepayments and accrued income	4,023	5,077
Other debtors	50	50

	10,072	9,996

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	62,586	72,576
Bank loans and overdrafts	32,522	6,000
Corporation tax	2,820	4,798
Other taxes and social security	951	849
VAT	14,830	24,119
Net wages	23	17
Accruals and deferred income	1,600	1,550
Directors' loan accounts	40,281	61,180

	155,613	171,089

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

	2025	2024
	£	£
Bank loans	6,000	12,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

10. Pension Commitments

The company operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £167.85 (PY £167.85) were due to the fund. They are included in Other Creditors.

11. Directors Advances, Credits and Guarantees

Dividends paid to directors - there were no dividends issued for this year

	2025	2024
	£	£
Mr R Haines	-	5,000
Mr N Haines	-	2,500
Mrs G Haines	-	2,500

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Page 5

Lutterworth Cycle Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	-	10,000

There was no dividend issued for this year.