Registration number: 05784041

Cannock Chase Cycle Centre Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Cannock Chase Cycle Centre Ltd

Company Information

Director

Mr J E Swinnerton

Registered office

Birches Valley Lady Hill Rugeley Staffordshire WS15 2UQ

Accountants

Wychbury Greaves Station House Station Road Rugeley Staffordshire WS15 3HA

Cannock Chase Cycle Centre Ltd

(Registration number: 05784041)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	95,937	107,721
Current assets
Stocks	5	266,471	195,172
Debtors		2,030	15,832
Cash at bank and in hand		118,535	95,117
		387,036	306,121
Creditors: Amounts falling due within one year		(194,508)	(142,169)
Net current assets		192,528	163,952
Total assets less current liabilities		288,465	271,673
Provisions for liabilities		(4,243)	(7,189)
Net assets		284,222	264,484
Capital and reserves
Called up share capital	6	60	60
Retained earnings		284,162	264,424
Shareholders' funds		284,222	264,484

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 August 2026
 

......................................... Mr J E Swinnerton Director

Cannock Chase Cycle Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Birches Valley
Lady Hill
Rugeley
Staffordshire
WS15 2UQ

These financial statements were authorised for issue by the director on 25 August 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cannock Chase Cycle Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class	Depreciation method and rate
Fixtures & fittings	15% reducing balance
Computer equipment	33% straight line
Motor vehicles	25% reducing balance
Plant & machinery	15% reducing balance
Leasehold property	straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cannock Chase Cycle Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 7).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 December 2024	97,082	52,404	5,360	5,941
Additions	-	-	3,751	1,265
At 30 November 2025	97,082	52,404	9,111	7,206
Depreciation
At 1 December 2024	19,416	44,195	918	5,379
Charge for the year	9,708	1,231	666	984
At 30 November 2025	29,124	45,426	1,584	6,363
Carrying amount
At 30 November 2025	67,958	6,978	7,527	843
At 30 November 2024	77,666	8,209	4,442	562

Cannock Chase Cycle Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	34,225	195,012
Additions	-	5,016
At 30 November 2025	34,225	200,028
Depreciation
At 1 December 2024	17,383	87,291
Charge for the year	4,211	16,800
At 30 November 2025	21,594	104,091
Carrying amount
At 30 November 2025	12,631	95,937
At 30 November 2024	16,842	107,721

Included within the net book value of land and buildings above is £67,957 (2024 - £77,665) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	266,471	195,172

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	60	60	60	60

7	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

Cannock Chase Cycle Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

	2025 £	2024 £
Not later than one year	19,743	10,000
Later than one year and not later than five years	33,098	24,167
	52,841	34,167

The amount of non-cancellable operating lease payments recognised as an expense during the year was £22,935 (2024 - £10,000).

8

Dividends

		2025		2024
		£		£
Interim dividend of £1,000.00 (2024 - £1,000.00) per ordinary share		60,000		60,000