Company Registration No. 02579546 (England and Wales)
Chaineys Cycles Limited
Unaudited accounts
for the year ended 31 May 2026
Chaineys Cycles Limited
Unaudited accounts
Contents
Chaineys Cycles Limited
Company Information
for the year ended 31 May 2026
Company Number
02579546 (England and Wales)
Registered Office
Chaineys Cycles Ltd
15 Benbow Court
Shenley Church End
Milton Keynes
Buckinghamshire
MK5 6JG
England
Accountants
Balanced Books Accountancy Services Ltd
Unit 27
Pages Park Ind. Estate
Eden Way
Leighton Buzzard
Beds
LU7 4TZ
Chaineys Cycles Limited
Statement of financial position
as at 31 May 2026
Tangible assets
8,700
1,599
Inventories
102,578
110,118
Cash at bank and in hand
15,868
22,720
Creditors: amounts falling due within one year
(117,205)
(112,260)
Net current assets
4,735
23,883
Total assets less current liabilities
13,435
25,482
Creditors: amounts falling due after more than one year
(890)
(11,373)
Called up share capital
24
24
Profit and loss account
12,521
14,085
Shareholders' funds
12,545
14,109
For the year ending 31 May 2026 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 director acknowledges his 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 and authorised for issue on 15 September 2026 and were signed on its behalf by
Matthew Morton
Director
Company Registration No. 02579546
Chaineys Cycles Limited
Notes to the Accounts
for the year ended 31 May 2026
Chaineys Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 02579546. The registered office is Chaineys Cycles Ltd, 15 Benbow Court, Shenley Church End, Milton Keynes, Buckinghamshire, MK5 6JG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2025
-
14,170
6,175
20,345
Additions
10,000
-
-
10,000
At 31 May 2026
10,000
14,170
6,175
30,345
At 1 June 2025
-
13,111
5,635
18,746
Charge for the year
2,500
264
135
2,899
At 31 May 2026
2,500
13,375
5,770
21,645
At 31 May 2026
7,500
795
405
8,700
At 31 May 2025
-
1,059
540
1,599
Amounts falling due within one year
Accrued income and prepayments
3,494
3,305
Chaineys Cycles Limited
Notes to the Accounts
for the year ended 31 May 2026
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
34,859
47,328
Taxes and social security
12,779
9,345
Other creditors
46,575
47,632
Loans from directors
13,099
306
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).