Company registration number 10675682 (England and Wales)
SNOBS CUSTOM CYCLES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
SNOBS CUSTOM CYCLES LTD
COMPANY INFORMATION
Director
Mr Alan Fisher
Company number
10675682
Registered office
45 Chase Court Gardens
Enfield
Middlesex
EN2 8DJ
Accountants
LCCO Business Advisors Ltd
45 Chase Court Gardens
Enfield
Middlesex
EN2 8DJ
SNOBS CUSTOM CYCLES LTD
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
SNOBS CUSTOM CYCLES LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SNOBS CUSTOM CYCLES LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Snobs Custom Cycles Ltd for the year ended 31 March 2025, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.

This report is made solely to the board of directors of Snobs Custom Cycles Ltd, as a body, in accordance with the terms of our engagement letter dated 23 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Snobs Custom Cycles Ltd and state those matters that we have agreed to state to the board of directors of Snobs Custom Cycles Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Snobs Custom Cycles Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Snobs Custom Cycles Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Snobs Custom Cycles Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Snobs Custom Cycles Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

In accordance with the engagement letter dated 23 December 2022, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 March 2025, which comprise the profit and loss account, the balance sheet and the related notes, from the accounting records and information and explanations you have given to us.

 

As a practising member firm of the Institute of Certified Public Accountants in Ireland, we are subject to its ethical and other professional requirements.

LCCO Business Advisors Ltd
Chartered Certified Accountants
45 Chase Court Gardens
Enfield
Middlesex
EN2 8DJ
23 December 2025
SNOBS CUSTOM CYCLES LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
2025
2024
£
£
Turnover
74,043
143,166
Other income
-
0
3,091
Cost of raw materials and consumables
(30,297)
(48,507)
Staff costs
(6,825)
(17,366)
Depreciation and other amounts written off assets
(166)
(115)
Other charges
(44,507)
(76,103)
(Loss)/profit for the financial year
(7,752)
4,166
SNOBS CUSTOM CYCLES LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 3 -
2025
2024
£
£
£
£
Fixed assets
497
343
Current assets
491,255
509,327
Prepayments and accrued income
6,959
6,959
Creditors: amounts falling due within one year
(334,175)
(293,146)
Net current assets
164,039
223,140
Total assets less current liabilities
164,536
223,483
Creditors: amounts falling due after more than one year
(595,990)
(647,185)
Net liabilities
(431,454)
(423,702)
Capital and reserves
(431,454)
(423,702)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2025
2024
Number
Number
Employees
2
2

Snobs Custom Cycles Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 45 Chase Court Gardens, Enfield, Middlesex, EN2 8DJ.

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

SNOBS CUSTOM CYCLES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 23 December 2025
Mr Alan Fisher
Director
Company registration number 10675682 (England and Wales)
SNOBS CUSTOM CYCLES LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
SNOBS CUSTOM CYCLES LTD
DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2025
2024
2024
£
£
£
£
Turnover
Sales of goods
74,043
143,166
Cost of sales
(30,297)
(48,507)
Gross profit
59.08%
43,746
66.12%
94,659
Other operating income
Insurance claims receivable
-
3,090
Administrative expenses
(51,527)
(93,612)
Operating (loss)/profit
(7,781)
4,137
Interest receivable and similar income
Bank interest received
-
1
-
1
Interest payable and similar expenses
Bank interest on loans and overdrafts
29
28
(Loss)/profit before taxation
10.47%
(7,752)
2.91%
4,166
SNOBS CUSTOM CYCLES LTD
SCHEDULES TO THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
£
£
Cost of sales
Opening stock of raw materials
494,620
489,600
Finished goods purchases
21,239
49,843
Direct costs
4,438
3,642
Carriage inwards and import duty
-
42
Closing stock of raw materials
(490,000)
(494,620)
30,297
48,507
Administrative expenses
Wages and salaries
6,825
4,819
Temporary staff
-
550
Staff welfare
34
58
Staff pension costs defined contribution
-
89
Directors' remuneration
-
11,908
Rent re operating leases
9,013
26,965
Rates
2,778
3,499
Cleaning
1,603
1,281
Waste disposal
201
283
Power, light and heat
5,753
4,570
Property repairs and maintenance
1,739
1,858
Equipment repairs
190
220
Computer running costs
953
4,699
Software costs
849
1,314
Motor running expenses
2,616
2,335
Travelling expenses
18
10
Postage, courier and delivery charges
2,300
5,888
Legal and professional fees
625
4,525
Accountancy
915
1,480
Bank charges
2,037
1,292
Bad and doubtful debts
(1,036)
-
Insurances (not premises)
12,554
15,338
Printing and stationery
141
170
Advertising
35
-
Telecommunications
1,129
257
Sundry expenses
89
89
Depreciation
166
115
51,527
93,612
2025-03-312024-04-01falsefalseCCH SoftwareCCH Accounts Production 2025.300No description of principal activityMr Alan Fisherfalse106756822024-04-012025-03-3110675682bus:Director12024-04-012025-03-3110675682bus:RegisteredOffice2024-04-012025-03-31106756822025-03-31106756822023-04-012024-03-31106756822024-03-3110675682core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3110675682core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3110675682core:Non-currentFinancialInstruments2025-03-3110675682core:Non-currentFinancialInstruments2024-03-3110675682bus:PrivateLimitedCompanyLtd2024-04-012025-03-3110675682bus:Micro-entities2024-04-012025-03-3110675682bus:AuditExemptWithAccountantsReport2024-04-012025-03-3110675682bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP