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Company Registration No. 06537532 (England and Wales)
Cyclehoop Limited Unaudited accounts for the year ended 31 December 2025
Cyclehoop Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cyclehoop Limited Company Information for the year ended 31 December 2025
Directors
Anthony Lau Barry Jackson David Allan Staveley
Company Number
06537532 (England and Wales)
Registered Office
Unit 1 Burnham Way Kangley Bridge Road Lower Sydenham London SE26 5AG United Kingdom
Accountants
CFPro Limited BKL LLP 35 Ballards Lane London N3 1XW
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Cyclehoop Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
137,556
169,550
Tangible assets
5
789,339
799,177
Investment property
6
640,000
640,000
1,566,895
1,608,727
Current assets
Inventories
1,670,117
1,788,455
Debtors
7
1,493,367
1,064,267
Cash at bank and in hand
2,476,256
2,482,575
5,639,740
5,335,297
Creditors: amounts falling due within one year
8
(2,776,490)
(2,760,444)
Net current assets
2,863,250
2,574,853
Net assets
4,430,145
4,183,580
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss account
4,429,145
4,182,580
Shareholders' funds
4,430,145
4,183,580
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by
Barry Jackson Director Company Registration No. 06537532
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Cyclehoop Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Cyclehoop Limited is a private company, limited by shares, registered in England and Wales, registration number 06537532. The registered office is Unit 1 Burnham Way, Kangley Bridge Road, Lower Sydenham, London, SE26 5AG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
- 20% straight line basis (Leasehold improvements)
Motor vehicles
- 25% straight line basis
Fixtures & fittings
- 33.33% straight line basis
Computer equipment
- 33.33% straight line basis
Investment property
Investment properties are initially included at cost but will thereafter be valued at their fair value at the balance sheet date, with any changes in the fair value, being recognised in the profit and loss account in the period in which they arise. No depreciation is charged on investment property measured at fair value. Deferred taxation is provided on the fair value gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Cyclehoop Limited Notes to the Accounts for the year ended 31 December 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred, unless the development expenditure can be capitalised in which case it is amortised over its useful life.
Intangible fixed assets
Intangible fixed assets, including software and website development are included at cost less accumulated amortisation using an estimated economic life of 5 years.
Investments
Investments in shares are measured at cost less accumulated impairment.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. In forming this view, the directors have considered the company’s forecasts and projections, taking account of reasonably possible changes in trading performance, and the current economic environment. Based on this review, the directors believe the company will be able to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
383,434
Additions
32,470
At 31 December 2025
415,904
Amortisation
At 1 January 2025
213,884
Charge for the year
64,464
At 31 December 2025
278,348
Net book value
At 31 December 2025
137,556
At 31 December 2024
169,550
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Cyclehoop Limited Notes to the Accounts for the year ended 31 December 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
1,053,620
265,980
92,523
137,733
1,549,856
Additions
-
39,590
13,252
17,512
70,354
Disposals
-
(35,435)
-
-
(35,435)
At 31 December 2025
1,053,620
270,135
105,775
155,245
1,584,775
Depreciation
At 1 January 2025
369,784
194,355
80,279
106,261
750,679
Charge for the year
2,602
35,862
8,090
14,185
60,739
On disposals
-
(15,982)
-
-
(15,982)
At 31 December 2025
372,386
214,235
88,369
120,446
795,436
Net book value
At 31 December 2025
681,234
55,900
17,406
34,799
789,339
At 31 December 2024
683,836
71,625
12,244
31,472
799,177
6
Investment property
2025
£
Fair value at 1 January 2025
640,000
At 31 December 2025
640,000
The carrying value of the investment property approximates its fair value.
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
540,613
360,610
Amounts due from group undertakings etc.
747,175
560,601
Accrued income and prepayments
158,942
98,804
Other debtors
46,637
44,252
1,493,367
1,064,267
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
23,468
24,868
Trade creditors
357,713
250,200
Taxes and social security
167,711
113,234
Proposed dividends
34,000
33,000
Other creditors
1,614,175
1,962,062
Loans from directors
22,522
(2,731)
Accruals
108,968
51,637
Deferred income
447,933
328,174
2,776,490
2,760,444
- 7 -
Cyclehoop Limited Notes to the Accounts for the year ended 31 December 2025
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Transactions with related parties
The total director's remuneration for the year was £118,204 (2024: £112,386). The company paid a dividend of £34,000 (2024: £33,000) and contributed £10,565 (2024: £3,522) towards pension for the directors. Included in creditors is £56,522 payable to a director (2024: £30,269). During the year the Company had the following transactions with subsidiary company, Cyclehoop US LLC. Sales £37,190 (2024: £nil), Funding of £81,000 (2024: £nil), interest from intercompany funding £24,468 (2024: £17,932), cost of sales £32,658 (2024: £nil) and management fees £44,024 (2024: £63,208). As at the year end the Company held the following balances with the subsidiary- intercompany trade receivable £176,726 (2024: £139,537) and intercompany loan receivable £570,449 (2024: £421,064). During the year the Company also had the following transactions with IBIKELONDON CIC, Funding of £nil (2024: £3,750), loan repayment of £nil (2024: £12,149), loan interest of £459 (2024: £639) and miscellaneous transactions of £nil (2024: £110) . As at the year end the Company was due a debtor balance of £9,162 (2024: £8,703). IBIKELONDON CIC is a private company limited by guarantee, which was set up in July 2023 and shares a director in common with the Company.
11
Average number of employees
During the year the average number of employees was 49 (2024: 47).
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