REGISTERED NUMBER: 05987559 (England and Wales)

Epic Cycles Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P L Weaver

SECRETARY:

P L Weaver

REGISTERED OFFICE:

7-8 Tower Street

Ludlow

SHROPSHIRE

SY8 1RL

REGISTERED NUMBER:

05987559 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Tangible assets

4

33,491

38,022

CURRENT ASSETS

Stocks

611,462

508,513

Debtors

5

8,250

8,250

Prepayments and accrued income

213

1,574

Cash at bank and in hand

4,876

5,993

624,801

524,330

CREDITORS

Amounts falling due within one year

6

454,694

459,714

NET CURRENT ASSETS

170,107

64,616

TOTAL ASSETS LESS CURRENT LIABILITIES

203,598

102,638

CREDITORS

Amounts falling due after more than one year

7

(156,054

)

(75,134

)

ACCRUALS AND DEFERRED INCOME

(3,108

)

(2,805

)

NET ASSETS

44,436

24,699

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

42,436

22,699

SHAREHOLDERS' FUNDS

44,436

24,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 October 2025 and were signed by:

P L Weaver - Director

1.	STATUTORY INFORMATION

Epic 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.

No profit or loss account is filed

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 15 years

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

20% on reducing balance and Straight line over 15 years

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

10% on reducing balance

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 February 2024

4,421

8,248

6,822

Additions

-

-

-

Disposals

-

-

-

At 31 January 2025

4,421

8,248

6,822

DEPRECIATION

At 1 February 2024

689

967

1,239

Charge for year

295

554

480

Eliminated on disposal

-

-

-

At 31 January 2025

984

1,521

1,719

NET BOOK VALUE

At 31 January 2025

3,437

6,727

5,103

At 31 January 2024

3,732

7,281

5,583

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

14,075

21,999

6,062

61,627

Additions

108

-

-

108

Disposals

(1,104

)

-

-

(1,104

)

At 31 January 2025

13,079

21,999

6,062

60,631

DEPRECIATION

At 1 February 2024

7,976

7,565

5,169

23,605

Charge for year

1,185

1,444

496

4,454

Eliminated on disposal

(919

)

-

-

(919

)

At 31 January 2025

8,242

9,009

5,665

27,140

NET BOOK VALUE

At 31 January 2025

4,837

12,990

397

33,491

At 31 January 2024

6,099

14,434

893

38,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

8,250

8,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

66,935

113,916

Trade creditors

267,853

278,773

Social security and other taxes

6,394

3,028

VAT

33,588

24,720

Other creditors

63,924

16,793

Directors' current accounts

16,000

22,484

454,694

459,714

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

78,146

34,735

Other loans - 2-5 years

77,908

40,399

156,054

75,134

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

33,000

33,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The loan is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P L Weaver.