1 September 2024 false No description of principal activity Taxfiler 2024.6 5920055 business:CompanyLimitedByGuarantee 2024-09-01 2025-08-31 5920055 2024-08-31 5920055 2024-09-01 2025-08-31 5920055 business:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 5920055 business:FilletedAccounts 2024-09-01 2025-08-31 5920055 2025-08-31 5920055 business:Director1 2024-09-01 2025-08-31 5920055 business:Director2 2024-09-01 2025-08-31 5920055 business:Director3 2024-09-01 2025-08-31 5920055 business:Director4 2024-09-01 2025-08-31 5920055 business:Director5 2024-09-01 2025-08-31 5920055 business:Director6 2024-09-01 2025-08-31 5920055 business:Director7 2024-09-01 2025-08-31 5920055 business:Director8 2024-09-01 2025-08-31 5920055 business:Director10 2024-09-01 2025-08-31 5920055 business:Director11 2024-09-01 2025-08-31 5920055 business:CompanySecretary1 2024-09-01 2025-08-31 5920055 business:RegisteredOffice 2024-09-01 2025-08-31 5920055 2024-08-31 5920055 core:WithinOneYear 2025-08-31 5920055 core:WithinOneYear 2024-08-31 5920055 core:AfterOneYear 2025-08-31 5920055 core:AfterOneYear 2024-08-31 5920055 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 5920055 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 5920055 core:PreviouslyStatedAmount 2025-08-31 5920055 core:PreviouslyStatedAmount 2024-08-31 5920055 business:SmallEntities 2024-09-01 2025-08-31 5920055 countries:EnglandWales 2024-09-01 2025-08-31 5920055 core:PlantMachinery 2024-09-01 2025-08-31 5920055 core:PlantMachinery 2024-08-31 5920055 core:PlantMachinery 2025-08-31 5920055 core:WithinOneYear 2024-09-01 2025-08-31 5920055 core:AfterOneYear 2024-09-01 2025-08-31 5920055 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 5920055 (England and Wales)
Audax United Kingdom Long Distance Cyclists' Association Unaudited accounts for the year ended 31 August 2025
Audax United Kingdom Long Distance Cyclists' Association Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Audax United Kingdom Long Distance Cyclists' Association Company Information for the year ended 31 August 2025
Directors
William John Ward Nigel Peter Armstrong Caroline Anne Fenton Ian Gerard Hennessey Andrew David Yates Paul Renshaw Andy Cox Grant Huggins Anne Margaret Young Elizabeth Arabella Maude
Secretary
Graeme David Provan
Company Number
5920055 (England and Wales)
Registered Office
Whitelands Terling Road Hatfield Peverel Essex CM3 2AG
- 3 -
Audax United Kingdom Long Distance Cyclists' Association Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,352
1,236
Current assets
Inventories
16,541
13,409
Debtors
5
28,652
19,134
Cash at bank and in hand
457,072
418,463
502,265
451,006
Creditors: amounts falling due within one year
6
(50,302)
(59,471)
Net current assets
451,963
391,535
Total assets less current liabilities
455,315
392,771
Creditors: amounts falling due after more than one year
7
(38,853)
(36,614)
Net assets
416,462
356,157
Reserves
8
Profit and loss account
416,462
356,157
Members' funds
416,462
356,157
For the year ending 31 August 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 17 January 2026 and were signed on its behalf by
Andy Cox Director Company Registration No. 5920055
- 4 -
Audax United Kingdom Long Distance Cyclists' Association Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Audax United Kingdom Long Distance Cyclists' Association is a private company, limited by guarantee, registered in England and Wales, registration number 5920055. The registered office is Whitelands, Terling Road, Hatfield Peverel, Essex, CM3 2AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities, The Financial Reporting Standard applicable in the UK and the Companies Act 2006. These financial statements were authorised for issue by the Board on 18th January 2025
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets, except that as disclosed in the accounts certain items are shown at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance method
Inventories
Finished goods inventories have been valued at the lower of cost and estimated selling price less costs to sell and comprise stocks of medals and badges.
Tax accounting policy
The tax expense is recognised in profit and loss. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted by the reporting date in the countries where the company operates.
Revenue Recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employees
Members and Directors of Audax United Kingdom Long Distance Cyclists' Association who are paid an honorarium for their services to the company are identified as employees in note 9.
Cash & cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
- 5 -
Audax United Kingdom Long Distance Cyclists' Association Notes to the Accounts for the year ended 31 August 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 September 2024
2,545
Additions
2,940
Disposals
(1,126)
At 31 August 2025
4,359
Depreciation
At 1 September 2024
1,309
Charge for the year
716
On disposals
(1,018)
At 31 August 2025
1,007
Net book value
At 31 August 2025
3,352
At 31 August 2024
1,236
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
75
Accrued income and prepayments
28,652
19,059
28,652
19,134
- 6 -
Audax United Kingdom Long Distance Cyclists' Association Notes to the Accounts for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,471
6,182
Taxes and social security
4,141
3,479
Other creditors
30,397
31,021
Accruals
4,023
14,697
Deferred income
270
4,092
50,302
59,471
Other creditors above include members deferred subscriptions of £30,397.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
38,853
36,614
Other creditors above are made up of members deferred subscriptions.
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding Â£1.
9
Average number of employees
During the year the average number of employees was 22 (2024: 21).
- 7 -