LARKFIELD CYCLES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07323612

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		59,265		42,987

			59,265		42,987
CURRENT ASSETS
Stocks	5	363,250		358,708
Debtors	6	-		35,165
Cash at bank and in hand		158,711		148,064

		521,961		541,937
Creditors: Amounts Falling Due Within One Year	7	(106,017 )		(119,937 )

NET CURRENT ASSETS (LIABILITIES)			415,944		422,000

TOTAL ASSETS LESS CURRENT LIABILITIES			475,209		464,987

NET ASSETS			475,209		464,987

CAPITAL AND RESERVES
Called up share capital	9		124		124
Profit and Loss Account			475,085		464,863

SHAREHOLDERS' FUNDS			475,209		464,987

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LARKFIELD CYCLES LIMITED

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Tony Wilsher

Director

26 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

LARKFIELD CYCLES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07323612 . The registered office is 8-10 MARTIN SQUARE, LARKFIELD, AYLESFORD, ME20 6QJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% Straight Line
Plant & Machinery	15% Reducing Balance
Motor Vehicles	20% Straight Line
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	15% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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LARKFIELD CYCLES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 August 2024	77,523	43,705	57,647	40,968
Additions	-	30,000	-	-

As at 31 July 2025	77,523	73,705	57,647	40,968

Depreciation
As at 1 August 2024	77,523	36,001	34,587	33,199
Provided during the period	-	7,541	11,529	1,165

As at 31 July 2025	77,523	43,542	46,116	34,364

Net Book Value
As at 31 July 2025	-	30,163	11,531	6,604

As at 1 August 2024	-	7,704	23,060	7,769


	Computer Equipment	Total
	£	£
Cost
As at 1 August 2024	13,890	233,733
Additions	8,448	38,448

As at 31 July 2025	22,338	272,181

Depreciation
As at 1 August 2024	9,436	190,746
Provided during the period	1,935	22,170

As at 31 July 2025	11,371	212,916

Net Book Value
As at 31 July 2025	10,967	59,265

As at 1 August 2024	4,454	42,987

5. Stocks

	2025	2024
	£	£
Finished goods	363,250	358,708

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LARKFIELD CYCLES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	10,165
Other debtors	-	25,000

	-	35,165

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,505	9,933
Trade creditors	31,770	29,339
Corporation tax	26,366	11,452
Other taxes and social security	1,647	1,776
VAT	14,387	14,717
Accruals and deferred income	3,028	1,514
Director's loan account	26,314	51,206

	106,017	119,937

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,505	9,933

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	124	124

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