ACCOUNTS - Final Accounts preparation

Registered number: 12516789

CYCLING SHAKESPEARE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

CYCLING SHAKESPEARE LIMITED

REGISTERED NUMBER: 12516789

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	394,444		401,708
Cash at bank and in hand	5	7,953		9,881
		402,397		411,589
Creditors: amounts falling due within one year	6	(669,224)		(407,253)
Net current (liabilities)/assets			(266,827)		4,336
Total assets less current liabilities			(266,827)		4,336

Net (liabilities)/assets			(266,827)		4,336

Capital and reserves
Called up share capital	1	1
Profit and loss account	(266,828)	4,335
	(266,827)	4,336

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

T Dixon	P S Moss
Director	Director

The notes on pages 3 to 5 form part of these financial statements.

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CYCLING SHAKESPEARE LIMITED

REGISTERED NUMBER: 12516789

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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CYCLING SHAKESPEARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is a private company limited by shares, registered in England and wales. The address of
the registered office is 9 St. Lukes Drive, Orrell, Wigan, England, WN5 7AU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

After making appropriate enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The company benefits from short term financial support from its parent Charity, The Handlesbards CIO. The company is taking steps to clear balances due to the Charity in the near future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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CYCLING SHAKESPEARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Employees
		2025	2024
		£	£

Wages and salaries	95,438	85,245
Social security costs	-	3,176
Cost of defined contribution scheme	885	752
	96,323	89,173

The average monthly number of employees, including directors, during the year was 6 (2024 - 2).

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CYCLING SHAKESPEARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	8,787
Other debtors	3,555	2,032
Prepayments and accrued income	386,554	386,554
Tax recoverable	4,335	4,335

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	7,953	9,881

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	664,881	397,381
Other taxation and social security	4,343	9,872
	669,224	407,253

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £885 (2024 - £752).

8.	Related party transactions
	The company has taken advantage of exemptions available to it and opted not to disclose transactions with its parent company.

9.	Controlling party

The ultimate parent company is The HandleBards CIO, a charity incorporated in England.

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