REGISTERED NUMBER: 06566083 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

TRANSITION CYCLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Hayton

REGISTERED OFFICE:

15 Grove Place

Bedford

MK40 3JJ

REGISTERED NUMBER:

06566083 (England and Wales)

ACCOUNTANTS:

John Wildman Chartered Accountants

15 Grove Place

Bedford

MK40 3JJ

BANKERS:

Barclays Bank plc

111 High Street

Bedford

MK40 1NJ

FIXED ASSETS

Tangible assets

4

389

486

CURRENT ASSETS

Stocks

5

390,133

406,715

Debtors

6

1,125

1,125

Cash at bank

1,397

26,299

392,655

434,139

CREDITORS

Amounts falling due within one year

7

153,043

149,711

NET CURRENT ASSETS

239,612

284,428

TOTAL ASSETS LESS CURRENT LIABILITIES

240,001

284,914

CREDITORS

Amounts falling due after more than one year

8

42,000

42,000

NET ASSETS

198,001

242,914

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

198,000

242,913

SHAREHOLDERS' FUNDS

198,001

242,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 8th December 2025 and were signed by:

S J Hayton - Director

1.	STATUTORY INFORMATION

Transition 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.

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.

These financial statements are prepared on the going concern basis as it is the intention of the director to continue supporting the company for the foreseeable future.

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.

Equipment and tools

-

20% on reducing balance

Fixtures and fittings

-

20% 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.

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.

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 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Equipment

and

and tools

fittings

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

4,480

11,141

15,621

DEPRECIATION

At 1st April 2024

4,341

10,794

15,135

Charge for year

28

69

97

At 31st March 2025

4,369

10,863

15,232

NET BOOK VALUE

At 31st March 2025

111

278

389

At 31st March 2024

139

347

486

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

390,133

406,715

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Rent deposit

1,125

1,125

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,304

-

Trade creditors

49,324

15,723

Barclaycard Commercial

3,570

19,896

PayPal loan

-

2,024

You Lend loan

10,762

-

PAYE & NI

1,818

1,859

VAT

6,580

8,959

Director's current account

76,226

93,226

Accrued expenses

1,459

8,024

153,043

149,711

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

42,000

42,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Hayton.