CJ Performance Cycles Limited

Filleted Accounts

28 February 2025

Registered number

07053677

CJ Performance Cycles Limited
Registered number:		07053677
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		51,174			62,317

Current assets
Stocks		515,892			468,429
Debtors	4	11,682			44,901
Cash at bank and in hand		14,726			21,303
		542,300			534,633

Creditors: amounts falling due within one year	5	(537,913)			(411,486)

Net current assets			4,387			123,147

Total assets less current liabilities			55,561			185,464

Creditors: amounts falling due after more than one year	6		(21,442)			(86,632)

Provisions for liabilities			(9,723)			(11,840)


Net assets			24,396			86,992

Capital and reserves
Called up share capital			100			100
Profit and loss account			24,296			86,892

Shareholders' funds			24,396			86,992

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Jenkins
Director
Approved by the board on 23 October 2025

CJ Performance Cycles Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Equipment , fixtures & fittings	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			16		13


3	Tangible fixed assets
		Equipment , fixtures & fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	86,566		30,990		117,556
	Additions	451		-		451
	At 28 February 2025	87,017		30,990		118,007

	Depreciation
	At 1 March 2024	46,039		9,200		55,239
	Charge for the year	6,147		5,447		11,594
	At 28 February 2025	52,186		14,647		66,833

	Net book value
	At 28 February 2025	34,831		16,343		51,174
	At 29 February 2024	40,527		21,790		62,317


4	Debtors			2025		2024
£					£

	Other debtors			11,682		44,901


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			18,295		10,008
	Obligations under finance lease and hire purchase contracts			-		11,328
	Trade creditors			450,442		356,037
	Taxation and social security costs			12,565		13,413
	Other creditors			56,611		20,700
				537,913		411,486


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,171		14,180
	Other creditors			17,271		72,452
				21,442		86,632


7	Controlling party

	The company is under the control of its directors.


8	Other information

	CJ Performance Cycles Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2a Hubbway Business Centre
	Bassington Industrial Estate
	Cramlington
	Northumberland
	NE23 8AD