Registration number: 08504810

Cycle Exchange Ltd

Contents

Company Information	1
Directors' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 10

Cycle Exchange Ltd

Company Information

Directors

M Connelly H Roper K Kim

Registered office

Cycle Exchange 27 Sury Basin Kingston Upon Thames Greater London KT2 5NZ

Cycle Exchange Ltd

Directors' Report for the Year Ended 31 August 2025

The directors present their report and the abridged financial statements for the year ended 31 August 2025.

Directors of the company

The directors who held office during the year were as follows:

M Connelly

H Roper (appointed 3 September 2024)

K Kim (appointed 26 August 2025)

K Connelley (ceased 26 August 2025)

Principal activity

The principal activity of the company is trading in new and second hand racing cycles.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:
 

......................................... M Connelly Director

Cycle Exchange Ltd

(Registration number: 08504810)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	37,328	20,261
Tangible assets	6	81,458	40,106
Investments	7	-	15
		118,786	60,382
Current assets
Stocks	8	638,188	556,096
Debtors		143,903	147,729
Cash at bank and in hand		2,258,588	80,032
		3,040,679	783,857
Prepayments and accrued income		6,644	11,014
Creditors: Amounts falling due within one year		(828,968)	(502,984)
Net current assets		2,218,355	291,887
Total assets less current liabilities		2,337,141	352,269
Creditors: Amounts falling due after more than one year		(996,722)	(319,465)
Accruals and deferred income		(38,836)	-
Net assets		1,301,583	32,804
Capital and reserves
Called up share capital		274	149
Share premium reserve		1,390,835	-
Retained earnings		(89,526)	32,655
Shareholders' funds		1,301,583	32,804

For the financial 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.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Cycle Exchange Ltd

(Registration number: 08504810)
Abridged Balance Sheet as at 31 August 2025

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:
 

.........................................

M Connelly

Director

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Cycle Exchange 27 Sury Basin
Kingston Upon Thames
Greater London
KT2 5NZ
England

These financial statements were authorised for issue by the Board on 22 May 2026.

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 abridged 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 abridged 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% straight line
Other tangible assets	33% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and 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.

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.

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

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.

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 Profit and Loss Account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 20).

4	Loss before tax

Arrived at after charging/(crediting)

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

	2025 £	2024 £
Depreciation expense	24,373	19,185
Amortisation expense	6,453	11,615

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

5	Intangible assets

	Total £
Cost or valuation
At 1 September 2024	102,597
Additions acquired separately	23,520
At 31 August 2025	126,117
Amortisation
At 1 September 2024	82,336
Amortisation charge	6,453
At 31 August 2025	88,789
Carrying amount
At 31 August 2025	37,328
At 31 August 2024	20,261

6	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	29,841	65,852	95,693
Additions	5,259	60,466	65,725
At 31 August 2025	35,100	126,318	161,418
Depreciation
At 1 September 2024	24,681	30,906	55,587
Charge for the year	5,253	19,120	24,373
At 31 August 2025	29,934	50,026	79,960
Carrying amount
At 31 August 2025	5,166	76,292	81,458
At 31 August 2024	5,160	34,946	40,106

Cycle Exchange Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

7	Investments

	Total £
Cost or valuation
At 1 September 2024	15
Revaluation	(15)
At 31 August 2025	-
Provision
Carrying amount
At 31 August 2025	-
At 31 August 2024	15