Company No: 04956084 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

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

	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

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