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Registered number: 12688151
Friction Cycles Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Friction Cycles Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Friction Cycles Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 12688151

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,348 |  | 2,426
Tangible Assets | 5 |  | 31,667 |  | 39,055
|  |  | 33,015 |  | 41,481
CURRENT ASSETS
Stocks | 6 | 154,442 |  | 130,544 |
Debtors | 7 | 9,967 |  | 11,164 |
Cash at bank and in hand |  | 40,530 |  | 62,112 |
|  | 204,939 |  | 203,820 |
Creditors: Amounts Falling Due Within One Year | 8 | (53,530 ) |  | (71,229 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 151,409 |  | 132,591
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 184,424 |  | 174,072
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (76,310 ) |  | (76,310 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,667 ) |  | (3,943 )
NET ASSETS |  |  | 103,447 |  | 93,819
CAPITAL AND RESERVES
Called up share capital | 10 |  | 75,000 |  | 75,000
Profit and Loss Account |  |  | 28,447 |  | 18,819
SHAREHOLDERS' FUNDS |  |  | 103,447 |  | 93,819

Page 1
Page 2
Friction Cycles Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Samuel Ralton Director
10/02/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Friction Cycles Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Friction Cycles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12688151 . The registered office is 30 Cannon Street, Bedminster, Bristol, BS3 1BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services and is recognised when the goods or services are transferred to the customer.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
The website costs are being amortised over 4 years on a straight line basis.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 5 years straight line
Plant & Machinery | 20% straight line
Motor Vehicles | 15% reducing balance
Fixtures & Fittings | 20% straight line
Computer Equipment | 25% straight line

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Taxation
The tax charge in the profit and loss account represents the sum of the corporation tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 3
Page 4
Friction Cycles Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 July 2024 | 4,313
As at 30 June 2025 | 4,313
Amortisation
As at 1 July 2024 | 1,887
Provided during the period | 1,078
As at 30 June 2025 | 2,965
Net Book Value
As at 30 June 2025 | 1,348
As at 1 July 2024 | 2,426

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 July 2024 | 7,332 | 4,072 | 44,618 | 16,728
Additions | - | - | - | -
As at 30 June 2025 | 7,332 | 4,072 | 44,618 | 16,728
Depreciation
As at 1 July 2024 | 5,307 | 3,049 | 14,799 | 11,335
Provided during the period | 1,467 | 814 | 4,473 | 3,346
As at 30 June 2025 | 6,774 | 3,863 | 19,272 | 14,681
Net Book Value
As at 30 June 2025 | 558 | 209 | 25,346 | 2,047
As at 1 July 2024 | 2,025 | 1,023 | 29,819 | 5,393

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 July 2024 | 2,363 | 75,113
Additions | 3,443 | 3,443
As at 30 June 2025 | 5,806 | 78,556

...CONTINUED
Page 4
Page 5
Friction Cycles Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025

Depreciation
As at 1 July 2024 | 1,568 | 36,058
Provided during the period | 731 | 10,831
As at 30 June 2025 | 2,299 | 46,889
Net Book Value
As at 30 June 2025 | 3,507 | 31,667
As at 1 July 2024 | 795 | 39,055

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 154,442 |  | 130,544

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,920 |  | -
Prepayments and accrued income | 986 |  | 1,926
Other debtors | 4,061 |  | 9,238
| 9,967 |  | 11,164

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 36,193 |  | 44,094
Corporation tax | 1,320 |  | -
Other taxes and social security | 1,341 |  | 824
VAT | 6,495 |  | 9,617
Other creditors | 7,978 |  | 8,063
Accruals and deferred income | 202 |  | 274
Director's loan account | 1 |  | 8,357
| 53,530 |  | 71,229

The director's loan account is interest free and repayable on demand.
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 76,310 |  | 76,310

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
75,000 Ordinary Shares of £ 1.000 each | 75,000 |  | 75,000

Page 5
Page 6
Friction Cycles Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 16,667 |  | 13,500
Later than one year and not later than five years | 71,833 |  | 2,250
Later than five years | 3,000 |  | -
| 91,500 |  | 15,750

12. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £332 (2024 - £358) were due to the fund. They are included in Other Creditors.
Page 6