One Four The Road - Sandbanks Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

One Four The Road - Sandbanks Limited

(Registration number: 08846820)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,803	11,478
Current assets
Stocks		184,984	165,580
Debtors	5	40,102	9,544
Cash at bank and in hand		34,620	19,181
		259,706	194,305
Creditors: Amounts falling due within one year	6	(93,121)	(68,829)
Net current assets		166,585	125,476
Total assets less current liabilities		174,388	136,954
Creditors: Amounts falling due after more than one year	6	(460,986)	(440,866)
Net liabilities		(286,598)	(303,912)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(286,698)	(304,012)
Shareholders' deficit		(286,598)	(303,912)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 April 2026
 

Mr H R Roper Director

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 12, 16 Alder Hills
Poole
Dorset
BH12 4AR

Principal activity

The principal activity of the company is sales and repairs of bicycles and accessories as well as operating a cafe.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's director. If the company were unable to continue in operational existence for the foreseeable future, adjustments will have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets. The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property - Over lease term
Plant and machinery - 20% straight line
Computer equipment - 33% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2024 - 14).

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Short leasehold property £	Plant and machinery £	Computer equipment £	Total £
Cost or valuation
At 1 January 2025	162,909	30,793	15,042	208,744
Additions	-	-	497	497
At 31 December 2025	162,909	30,793	15,539	209,241
Depreciation
At 1 January 2025	157,323	25,121	14,822	197,266
Charge for the year	1,136	2,665	371	4,172
At 31 December 2025	158,459	27,786	15,193	201,438
Carrying amount
At 31 December 2025	4,450	3,007	346	7,803
At 31 December 2024	5,586	5,672	220	11,478

5

Debtors

	2025 £	2024 £
Trade debtors	26,220	-
Other debtors	2,382	1,668
Prepayments	11,500	7,876
	40,102	9,544

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Creditors

		2025 £	2024 £
Due within one year
Loans and borrowings		4,167	10,000
Trade creditors		48,402	27,809
Taxation and social security		20,562	16,976
Accruals and deferred income		9,312	8,406
Other creditors		10,678	5,638
		93,121	68,829

 

		2025 £	2024 £
Due after one year
Loans and borrowings		-	4,167
Other creditors		460,986	436,699
		460,986	440,866

The bank loan is repayable over 6 years (1 year remaining) at an interest rate of 2.5%. The first 12 months of the loan were interest and repayment free.

The credit card liability is secured by a fixed and floating charge over the company's assets and undertaking.

The bounce back loan has been the benefit of a government guarantee.

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Financial commitments, guarantees and contingencies

As at 31 December 2025 the company had non-cancellable financial commitments totalling £15,500 (2024: £15,500)

One Four The Road - Sandbanks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Directors Loan	(436,699)	713	(25,000)	(460,986)

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
Directors Loan	(442,196)	5,497	(436,699)