Company Registration No. NI606642 (Northern Ireland)
ROE VALLEY CYCLES LTD
Unaudited accounts
for the year ended 31 March 2025
ROE VALLEY CYCLES LTD
Unaudited accounts
Contents
ROE VALLEY CYCLES LTD
Company Information
for the year ended 31 March 2025
Directors
Charles Peter Cromie
Peter Charles Cromie
Kyle Scott Cromie
Secretary
Charles Peter Cromie
Company Number
NI606642 (Northern Ireland)
Registered Office
35 CATHERINE STREET
LIMAVADY
CO. LONDONDERRY
BT49 9DA
NORTHERN IRELAND
Accountants
Kevin & Margaret Duffin T/A KMD Accountancy
Ardmalin
15 Inishowen Park
Portstewart
Londonderry
BT55 7BQ
ROE VALLEY CYCLES LTD
Statement of financial position
as at 31 March 2025
Tangible assets
25,651
3,737
Inventories
157,000
198,500
Cash at bank and in hand
104,991
70,916
Creditors: amounts falling due within one year
(41,824)
(30,731)
Net current assets
253,842
268,307
Total assets less current liabilities
279,493
272,044
Creditors: amounts falling due after more than one year
(28,000)
-
Net assets
251,493
272,044
Called up share capital
100
100
Profit and loss account
251,393
271,944
Shareholders' funds
251,493
272,044
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Charles Peter Cromie
Director
Company Registration No. NI606642
ROE VALLEY CYCLES LTD
Notes to the Accounts
for the year ended 31 March 2025
ROE VALLEY CYCLES LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI606642. The registered office is 35 CATHERINE STREET, LIMAVADY, CO. LONDONDERRY, BT49 9DA, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
ROE VALLEY CYCLES LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
19,370
10,247
1,755
31,372
Additions
28,292
-
-
28,292
At 31 March 2025
47,662
10,247
1,755
59,664
At 1 April 2024
17,290
8,957
1,388
27,635
Charge for the year
6,047
258
73
6,378
At 31 March 2025
23,337
9,215
1,461
34,013
At 31 March 2025
24,325
1,032
294
25,651
At 31 March 2024
2,080
1,290
367
3,737
Amounts falling due after more than one year
Trade debtors
33,675
29,622
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
34,932
18,694
Taxes and social security
6,892
12,037
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
28,000
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).