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Company No: 04956084 (England and Wales)

# REVOLUTION CYCLES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

REVOLUTION CYCLES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

REVOLUTION CYCLES LIMITED

## COMPANY INFORMATION

For the financial year ended 30 September 2025
REVOLUTION CYCLES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 September 2025

DIRECTOR | P Miller

SECRETARY | M J Miller

REGISTERED OFFICE | 22 Wycombe End
| Beaconsfield
| HP9 1NB
| Buckinghamshire
| United Kingdom

COMPANY NUMBER | 04956084 (England and Wales)

ACCOUNTANT | S&W Partners (Thames Valley) Limited
| 22 Wycombe End
| Beaconsfield
| Buckinghamshire
| HP9 1NB

REVOLUTION CYCLES LIMITED

## BALANCE SHEET

As at 30 September 2025
REVOLUTION CYCLES LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 30.09.25 |  | 30.09.24
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 29,425 |  | 31,406
|  | 29,425 |  | 31,406
Current assets |  |  |  |
Stocks |  | 670,612 |  | 636,687
Debtors | 5 | 45,358 |  | 36,395
Cash at bank and in hand |  | 987,406 |  | 1,069,401
|  | 1,703,376 |  | 1,742,483
Creditors: amounts falling due within one year | 6 | ( 252,650) |  | ( 299,525)
Net current assets |  | 1,450,726 |  | 1,442,958
Total assets less current liabilities |  | 1,480,151 |  | 1,474,364
Provision for liabilities |  | 0 |  | ( 201)
Net assets |  | 1,480,151 |  | 1,474,163
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 1,480,051 |  | 1,474,063
Total shareholders' funds |  | 1,480,151 |  | 1,474,163

For the financial year ending 30 September 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 financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Revolution Cycles Limited (registered number: 04956084) were approved and authorised for issue by the Director on 19 December 2025. They were signed on its behalf by:

P Miller Director |

REVOLUTION CYCLES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
REVOLUTION CYCLES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Revolution Cycles Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, Buckinghamshire, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Revolution Cycles Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of bicycles and accessories are recognised when the goods are physically delivered to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

###### Goodwill

Goodwill arises on a business combination and represents any excess of consideration given over fair value of the identifiable assets and liabilities acquired. It is written off on a straight line basis over its useful economic life of 20 years taking into account any provision for impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 15 years straight line
Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term, where another more systematic basis is more representative of the time pattern in which economic benefits from the leases assets are consumed.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

##### Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

#### 2. Employees

| 30.09.25 |  | 30.09.24
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 10 |  | 11

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 30,000 |  | 30,000
At 30 September 2025 | 30,000 |  | 30,000
Accumulated amortisation |  |  |
At 01 October 2024 | 30,000 |  | 30,000
At 30 September 2025 | 30,000 |  | 30,000
Net book value |  |  |
At 30 September 2025 | 0 |  | 0
At 30 September 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 October 2024 | 41,271 |  | 72,229 |  | 113,500
Additions | 0 |  | 1,373 |  | 1,373
At 30 September 2025 | 41,271 |  | 73,602 |  | 114,873
Accumulated depreciation |  |  |  |  |
At 01 October 2024 | 11,010 |  | 71,084 |  | 82,094
Charge for the financial year | 2,751 |  | 603 |  | 3,354
At 30 September 2025 | 13,761 |  | 71,687 |  | 85,448
Net book value |  |  |  |  |
At 30 September 2025 | 27,510 |  | 1,915 |  | 29,425
At 30 September 2024 | 30,261 |  | 1,145 |  | 31,406

#### 5. Debtors

| 30.09.25 |  | 30.09.24
| £ |  | £
Trade debtors | 27,844 |  | 20,692
Deferred tax asset | 1,671 |  | 0
Other debtors | 15,843 |  | 15,703
| 45,358 |  | 36,395

#### 6. Creditors: amounts falling due within one year

| 30.09.25 |  | 30.09.24
| £ |  | £
Trade creditors | 146,642 |  | 138,017
Taxation and social security | 77,281 |  | 124,100
Other creditors | 28,727 |  | 37,408
| 252,650 |  | 299,525

#### 7. Called-up share capital

| 30.09.25 |  | 30.09.24
| £ |  | £
Allotted, called-up and fully-paid |  |  |
95 Ordinary shares of £ 1.00 each | 95 |  | 95
5 Ordinary A shares of £ 1.00 each | 5 |  | 5
| 100 |  | 100

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 30.09.25 |  | 30.09.24
| £ |  | £
within one year | 22,917 |  | 55,000
between one and five years | 0 |  | 22,917
Total future minimum lease payments under non-cancellable operating leases | 22,917 |  | 77,917