REGISTERED NUMBER: 08377313 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

I Cycle Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I W Gibbs

REGISTERED OFFICE:

2 York Street

Clitheroe

Lancashire

BB7 2DL

REGISTERED NUMBER:

08377313 (England and Wales)

ACCOUNTANTS:

FS Accountants Limited

2 York Street

Clitheroe

Lancashire

BB7 2DL

FIXED ASSETS

Tangible assets

4

3,346

4,048

CURRENT ASSETS

Stocks

157,150

80,000

Debtors

27,528

92,905

Cash at bank and in hand

36,359

8,908

221,037

181,813

CREDITORS

Amounts falling due within one year

119,813

93,937

NET CURRENT ASSETS

101,224

87,876

TOTAL ASSETS LESS CURRENT LIABILITIES

104,570

91,924

PROVISIONS FOR LIABILITIES

636

769

NET ASSETS

103,934

91,155

CAPITAL AND RESERVES

Called up share capital

14

14

Retained earnings

103,920

91,141

SHAREHOLDERS' FUNDS

103,934

91,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 6 May 2026 and were signed by:

I W Gibbs - Director

1.	STATUTORY INFORMATION

I Cycle 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

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

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

20,051

Additions

1,708

Disposals

(6,800

)

At 31 January 2026

14,959

DEPRECIATION

At 1 February 2025

16,003

Charge for year

1,497

Eliminated on disposal

(5,887

)

At 31 January 2026

11,613

NET BOOK VALUE

At 31 January 2026

3,346

At 31 January 2025

4,048