REGISTERED NUMBER: 08272577 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Proper Cycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D McCracken

B N George

R A Dickie

REGISTERED OFFICE:

26 Keymer Road

Hassocks

West Sussex

BN6 8AN

REGISTERED NUMBER:

08272577 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

10,950

14,563

CURRENT ASSETS

Stocks

22,950

22,500

Debtors

5

29,386

20,963

Cash at bank and in hand

5,587

7,351

57,923

50,814

CREDITORS

Amounts falling due within one year

6

21,980

46,599

NET CURRENT ASSETS

35,943

4,215

TOTAL ASSETS LESS CURRENT LIABILITIES

46,893

18,778

CREDITORS

Amounts falling due after more than one year

7

(23,288

)

(32,162

)

PROVISIONS FOR LIABILITIES

(593

)

(1,248

)

NET ASSETS/(LIABILITIES)

23,012

(14,632

)

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Share premium

19,800

19,800

Retained earnings

1,212

(36,432

)

SHAREHOLDERS' FUNDS

23,012

(14,632

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

R D McCracken - Director

1.	STATUTORY INFORMATION

Proper Cycling 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

6,804

7,098

30,978

3,111

47,991

Additions

58

-

-

-

58

At 28 February 2025

6,862

7,098

30,978

3,111

48,049

DEPRECIATION

At 1 March 2024

3,936

5,943

21,117

2,432

33,428

Charge for year

747

289

2,465

170

3,671

At 28 February 2025

4,683

6,232

23,582

2,602

37,099

NET BOOK VALUE

At 28 February 2025

2,179

866

7,396

509

10,950

At 29 February 2024

2,868

1,155

9,861

679

14,563

5.

DEBTORS

28.2.25

29.2.24

£

£

Amounts falling due within one year:

Other debtors

1,000

1,000

Amounts falling due after more than one year:

Other debtors

28,386

19,963

Aggregate amounts

29,386

20,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

9,792

10,519

Trade creditors

2,140

3,493

Taxation and social security

7,879

8,245

Other creditors

2,169

24,342

21,980

46,599

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

2,202

11,076

Other creditors

21,086

21,086

23,288

32,162

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.