REGISTERED NUMBER: 09697621 (England and Wales)

Financial Statements for the Year Ended 30 September 2025

for

Cycle Shops Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr Philip Wilkinson

Mrs Alisha Wilkinson

REGISTERED OFFICE:

143 Eastfield Road

Peterborough

Cambridgeshire

PE1 4AU

REGISTERED NUMBER:

09697621 (England and Wales)

ACCOUNTANTS:

Accountancy Solutions

143 Eastfield Road

Peterborough

Cambridgeshire

PE1 4AU

FIXED ASSETS

Intangible assets

4

11,500

11,500

Property, plant and equipment

5

14,708

1,037

26,208

12,537

CURRENT ASSETS

Inventories

6

45,984

50,483

Debtors

7

(1,001

)

(1,940

)

Cash at bank and in hand

27,035

31,503

72,018

80,046

CREDITORS

Amounts falling due within one year

8

96,458

83,153

NET CURRENT LIABILITIES

(24,440

)

(3,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,768

9,430

CREDITORS

Amounts falling due after more than one year

9

-

(7,480

)

PROVISIONS FOR LIABILITIES

(802

)

(802

)

NET ASSETS

966

1,148

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

866

1,048

SHAREHOLDERS' FUNDS

966

1,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

Mr Philip Wilkinson - Director

1.	STATUTORY INFORMATION

Cycle Shops Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

115,000

AMORTISATION

At 1 October 2024

and 30 September 2025

103,500

NET BOOK VALUE

At 30 September 2025

11,500

At 30 September 2024

11,500

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2024

5,287

4,500

9,787

Additions

-

17,348

17,348

At 30 September 2025

5,287

21,848

27,135

DEPRECIATION

At 1 October 2024

4,716

4,034

8,750

Charge for year

114

3,563

3,677

At 30 September 2025

4,830

7,597

12,427

NET BOOK VALUE

At 30 September 2025

457

14,251

14,708

At 30 September 2024

571

466

1,037

6.	INVENTORIES

30.9.25

30.9.24

£

£

Stocks

45,984

50,483

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade Debtors

(1,001

)

(1,940

)

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other loans

23,298

20,062

Trade Creditors

17,112

18,177

Bounce Back Loans

7,480

-

Corporation Tax

3,391

2,583

Social security and other taxes

564

356

Pension

264

-

Value Added Tax

5,531

5,127

Directors' current accounts

38,818

36,848

96,458

83,153

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Other loans - 1-2 years

-

7,480

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 October 2024

1,048

Profit for the year

11,818

Dividends

(12,000

)

At 30 September 2025

866

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Solutions

143 Eastfield Road

Peterborough

Cambridgeshire

PE1 4AU

Date: .............................................