Company No: 04793661 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Piers Maffett
	Andrew William Shrimpton

SECRETARY

Piers Maffett

REGISTERED OFFICE	31 Hospital Fields Road
	York
	YO10 4FS
	United Kingdom

COMPANY NUMBER

04793661 (England and Wales)

ACCOUNTANT	Jones & Co of York Limited
	Wellington House
	Aviator Court
	York
	YO30 4UZ
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	55,003		7,016
		55,003		7,016
Current assets
Stocks	5	439,511		447,417
Debtors	6	34,633		51,872
Cash at bank and in hand	7	716		4,294
		474,860		503,583
Creditors: amounts falling due within one year	8	( 281,372)		( 278,805)
Net current assets		193,488		224,778
Total assets less current liabilities		248,491		231,794
Creditors: amounts falling due after more than one year	9	0		( 20,000)
Provision for liabilities	10	( 7,731)		1,567
Net assets		240,760		213,361
Capital and reserves
Called-up share capital	11	1,000		1,000
Profit and loss account		239,760		212,361
Total shareholders' funds		240,760		213,361

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cycle Heaven Limited (registered number: 04793661) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

Andrew William Shrimpton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cycle Heaven Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 31 Hospital Fields Road, York, YO10 4FS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	20 years straight line
Computer software	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		23

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost/Valuation
At 01 April 2025	66,000		56,896		122,896
At 31 March 2026	66,000		56,896		122,896
Accumulated amortisation
At 01 April 2025	66,000		56,896		122,896
At 31 March 2026	66,000		56,896		122,896
Net book value
At 31 March 2026	0		0		0
At 31 March 2025	0		0		0

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2025	144,453		18,206		162,659
Additions	0		53,410		53,410
Disposals	0		( 2,788)		( 2,788)
At 31 March 2026	144,453		68,828		213,281
Accumulated depreciation
At 01 April 2025	144,453		11,190		155,643
Charge for the financial year	0		3,419		3,419
Disposals	0		( 784)		( 784)
At 31 March 2026	144,453		13,825		158,278
Net book value
At 31 March 2026	0		55,003		55,003
At 31 March 2025	0		7,016		7,016

5. Stocks

	2026		2025
	£		£
Stocks	439,511		447,417

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

6. Debtors

	2026		2025
	£		£
Trade debtors	15,241		33,250
Other debtors	19,392		18,622
	34,633		51,872

7. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	716		4,294
Less: Bank overdrafts	( 51,720)		0
	(51,004)		4,294

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	71,720		30,000
Trade creditors	144,847		181,186
Taxation and social security	20,393		38,057
Other creditors	44,412		29,562
	281,372		278,805

9. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		20,000

There are no amounts included above in respect of which any security has been given by the small entity.

10. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	1,567		1,252
(Charged)/credited to the Statement of Income and Retained Earnings	( 9,298)		315
At the end of financial year	( 7,731)		1,567

11. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000