Registration number: 09991424

Velo Bristol Ltd

Contents

Accountants' Report	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Velo Bristol Ltd
for the Year Ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Velo Bristol Ltd for the year ended 28 February 2026 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Velo Bristol Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Velo Bristol Ltd and state those matters that we have agreed to state to the Board of Directors of Velo Bristol Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Velo Bristol Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Velo Bristol Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Velo Bristol Ltd. You consider that Velo Bristol Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Velo Bristol Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jay & Jay Partnership Limited
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

3 September 2026

Velo Bristol Ltd

(Registration number: 09991424)
Abridged Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	340,000	320,000
Current assets
Cash at bank and in hand		17,744	12,165
Creditors: Amounts falling due within one year		95,634	106,329
Net current assets		77,890	94,164
Total assets less current liabilities		262,110	225,836
Creditors: Amounts falling due after more than one year	6.1	178,029	176,329
Provisions for liabilities		17,283	12,283
Net assets		66,798	37,224
Capital and reserves
Called up share capital		20	20
Retained earnings		66,778	37,204
Shareholders' funds		66,798	37,224

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

......................................... A J Burn Director

Velo Bristol Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

1	General information

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

The address of its registered office is:
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

These financial statements were authorised for issue by the Board on 3 September 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 abridged 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 abridged 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.

Velo Bristol Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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.

Investment property

The investment property is shown at its open market value which is considered to be its fair value. Depreciation is not charged on the property which is a departure from the provisions of the Companies Act 2006 in order to give a true and fair view.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Fair value adjustments to investment property	20,000	-

Velo Bristol Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

5	Tangible assets

	Land and buildings £
Cost or valuation
At 1 March 2025	320,000
Revaluations	20,000
At 28 February 2026	340,000
Depreciation
Carrying amount
At 28 February 2026	340,000
At 28 February 2025	320,000

Included within the net book value of land and buildings above is £340,000 (2025 - £320,000) in respect of freehold land and buildings. The directors consider this to be the property's fair value.
 

6

Creditors

Creditors: amounts falling due after more than one year

The bank loan creditor of £178,029 (2025 - £176,329) is an interest only mortgage which falls due after more than one year is secured on the freehold property that the company owes. Fixed and floating charges have been registered in respect of the loan.

The bank loan is repayable otherwise than by instalments and falls due for payment after more than five years from the reporting date.

7	Related party transactions

Other transactions with directors

At 28th February 2026 the company owed the directors £76,149 (2025 - £90,599). This loan is interest free and repayable on demand.