Company registration number 13212861 (England and Wales)
GLORIOUS CYCLING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
GLORIOUS CYCLING LTD
COMPANY INFORMATION
Director
Mr P Sears
Company number
13212861
Registered office
2 Upperton Gardens
Eastbourne
East Sussex
United Kingdom
BN21 2AH
Accountants
Xeinadin South East Ltd
2 Upperton Gardens
Eastbourne
East Sussex
United Kingdom
BN21 2AH
GLORIOUS CYCLING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GLORIOUS CYCLING LTD
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
65,656
86,869
Current assets
Stocks
1,700
1,700
Debtors
4
29,681
19,015
Cash at bank and in hand
100,837
78,634
132,218
99,349
Creditors: amounts falling due within one year
5
(220,106)
(184,488)
Net current liabilities
(87,888)
(85,139)
Net (liabilities)/assets
(22,232)
1,730
Capital and reserves
Called up share capital
2
2
Share premium account
202,997
202,997
Profit and loss reserves
(225,231)
(201,269)
Total equity
(22,232)
1,730

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 July 2026
2026-07-14
Mr P Sears
Director
Company registration number 13212861 (England and Wales)
GLORIOUS CYCLING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Glorious Cycling Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Upperton Gardens, Eastbourne, East Sussex, United Kingdom, BN21 2AH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Computers
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

1.5
Employee benefits

Contributions to defined contribution plans are expensed in the period to which they relate.

1.6
Retirement benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

GLORIOUS CYCLING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
111,326
Additions
1,843
At 31 October 2025
113,169
Depreciation and impairment
At 1 November 2024
24,457
Depreciation charged in the year
23,056
At 31 October 2025
47,513
Carrying amount
At 31 October 2025
65,656
At 31 October 2024
86,869
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
29,681
19,015
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
10,442
12,157
Other creditors
209,664
172,331
220,106
184,488
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