UGO CYCLES LIMITED

UGO CYCLES LIMITED
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

UGO CYCLES LIMITED Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. ALI & CO 31 March 2025 .................................................... ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE 16 December 2025 1

UGO CYCLES LIMITED
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ALI & CO
31 March 2025

....................................................

ALI & CO
450 CHEETHAM HILL ROAD
CHEETHAM HILL
MANCHESTER
M8 9LE
16 December 2025

1

UGO CYCLES LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	12,675	13,958
		12,675	13,958
Current assets
Stocks		6,800	5,750
Debtors		17,789	15,884
Cash at bank and in hand		16,980	21,106
		41,569	42,740
Creditors: amount falling due within one year		(7,182)	(8,193)
Net current assets		34,387	34,547

Total assets less current liabilities		47,062	48,505
Creditors: amount falling due after more than one year		(5,235)	(9,485)
Net assets		41,827	39,020

Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		40,827	38,020
Shareholders' funds		41,827	39,020

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 16 December 2025 and were signed by:

-------------------------------
Winston Evans
Director

2

UGO CYCLES LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

UGO CYCLES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03964371, registration address 754 STOCKPORT ROAD, MANCHESTER , M12 4GD.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	18% Reducing Balance
Fixtures and Fittings	18% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 April 2024	23,000	10,219	33,219
Additions	-	1,500	1,500
Disposals	-	-	-
At 31 March 2025	23,000	11,719	34,719
Depreciation
At 01 April 2024	10,319	8,942	19,261
Charge for year	2,283	500	2,783
On disposals	-	-	-
At 31 March 2025	12,602	9,442	22,044
Net book values
Closing balance as at 31 March 2025	10,398	2,277	12,675
Opening balance as at 01 April 2024	12,681	1,277	13,958

3

Registered Number: 03964371
England and Wales
UGO CYCLES LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025