Registration number: 07125740

Velo Management Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Velo Management Ltd

Company Information

Directors

Mr P Jeffers Mrs S Jeffers

Registered office

The Velo Store Emerald Way Stone Business Park Stone Staffordshire ST15 0SR

Accountants

Howsons Chartered AccountantsWinton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Velo Management Ltd

(Registration number: 07125740)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	41,392	53,318
Current assets
Stocks	5	192,741	309,200
Debtors	6	46,706	161,717
Cash at bank and in hand		6,337	18,138
		245,784	489,055
Creditors: Amounts falling due within one year	7	(307,207)	(409,695)
Net current (liabilities)/assets		(61,423)	79,360
Total assets less current liabilities		(20,031)	132,678
Provisions for liabilities		(7,865)	(10,131)
Net (liabilities)/assets		(27,896)	122,547
Capital and reserves
Called up share capital		2	2
Retained earnings		(27,898)	122,545
Shareholders' (deficit)/funds		(27,896)	122,547

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 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Velo Management Ltd

(Registration number: 07125740)
Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 2 June 2026 and signed on its behalf by:
 

......................................... Mr P Jeffers Director

......................................... Mrs S Jeffers Director

Velo Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
The Velo Store
Emerald Way
Stone Business Park
Stone
Staffordshire
ST15 0SR

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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:

Velo Management Ltd

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

Asset class	Depreciation method and rate
Freehold property	2% straight line basis
Plant and machinery	25% reducing balance basis
Fixtures and fittings	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	25% reducing balance basis

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

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Velo Management Ltd

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

3	Staff numbers

The average number of persons employed by the company (excluding directors) during the year, was 4 (2024 - 3).

Velo Management Ltd

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

5

Stocks

	2025 £	2024 £
Other inventories	192,741	309,200

6

Debtors

	Note	2025 £	2024 £
Trade debtors		4,870	423
Other debtors		-	121,750
Prepayments		2,292	-
s455 tax recoverable		39,544	39,544
		46,706	161,717

7

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		100,811	71,762
Taxation and social security		3,300	25,956
Other creditors		20,869	311,977
Directors' loan account		182,227	-
		307,207	409,695

Velo Management Ltd

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

9	Going Concern

Despite the loss reported for the year and the resulting negative reserves position, the directors remain confident in the ongoing viability of the business. The year’s performance was impacted by reduced gross margins, driven in part by stock valuation movements and wider pressures across the retail and cycling sectors. Since the year end, the business has taken steps to improve performance, including reducing stock levels, focusing on margin discipline, strengthening supplier terms to avoid excess forward commitments, and implementing cost reductions across staffing and overheads. These measures, together with continued director support and close monitoring of cash flow and trading performance, provide reasonable assurance that the company will be able to meet its liabilities as they fall due and continue to operate as normal. The accounts have therefore been prepared on a going concern basis.