The Bicycle Chain Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03057206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2026

FOR

THE BICYCLE CHAIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P G Kenchington

Mrs A Kenchington

Mr A L Kenchington

REGISTERED OFFICE:

Bicycle Chains

Salmon Parade

Bridgwater

Somerset

TA6 5JY

REGISTERED NUMBER:

03057206 (England and Wales)

ACCOUNTANTS:

Aspen Waite

Chartered Certified Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,665,186

1,608,600

Investments

6

204

1,665,390

1,608,804

CURRENT ASSETS

Stocks

1,682,678

1,602,700

Debtors

7

220,831

81,119

Cash at bank and in hand

712,921

976,819

2,616,430

2,660,638

CREDITORS

Amounts falling due within one year

8

(1,429,048

)

(1,445,970

)

NET CURRENT ASSETS

1,187,382

1,214,668

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,852,772

2,823,472

CREDITORS

Amounts falling due after more than one
year

9

(503,234

)

(806,438

)

PROVISIONS FOR LIABILITIES

(19,912

)

(7,312

)

NET ASSETS

2,329,626

2,009,722

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

2,329,624

2,009,720

SHAREHOLDERS' FUNDS

2,329,626

2,009,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 22nd October 2026 and were signed on its behalf by:

Mr P G Kenchington - Director

1.	STATUTORY INFORMATION

The Bicycle Chain Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about The Bicycle Chain Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2014 has been fully amortised.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

1% straight line basis

Long leasehold property

-

Over the life of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2025 - 51 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2025

and 28th February 2026

24,797

AMORTISATION

At 1st March 2025

and 28th February 2026

24,797

NET BOOK VALUE

At 28th February 2026

-

At 28th February 2025

-

5.	TANGIBLE FIXED ASSETS

Long

Fixtures

Freehold

leasehold

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1st March 2025

1,085,730

525,759

17,001

78,176

1,706,666

Additions

22,710

-

64,946

87,656

Disposals

-

(44,696

)

(44,696

)

At 28th February 2026

1,108,440

525,759

17,001

98,426

1,749,626

DEPRECIATION

At 1st March 2025

31,963

5,310

9,528

51,265

98,066

Charge for year

10,857

531

1,121

11,738

24,247

Eliminated on disposal

-

(37,873

)

(37,873

)

At 28th February 2026

42,820

5,841

10,649

25,130

84,440

NET BOOK VALUE

At 28th February 2026

1,065,620

519,918

6,352

73,296

1,665,186

At 28th February 2025

1,053,767

520,449

7,473

26,911

1,608,600

The net book value of tangible fixed assets includes £ 35,886 in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st March 2025

and 28th February 2026

204

NET BOOK VALUE

At 28th February 2026

204

At 28th February 2025

204

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

Trade debtors

220,330

80,616

Prepayments

501

503

220,831

81,119

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

Bank loans

72,554

91,341

Hire purchase contracts

10,014

-

Trade creditors

1,037,806

1,135,141

Corporation tax

127,830

96,153

Social security and other taxes

146,704

86,131

Other creditors

13,796

12,599

Directors' current accounts

8,645

13,346

Accruals and deferred income

11,699

11,259

1,429,048

1,445,970

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28/2/26

28/2/25

£

Bank loans due in 1 to 5 years

198,913

343,898

Bank loans due in more than 5 years

294,794

462,540

Hire purchase contracts

9,527

-

503,234

806,438

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years

294,794

462,540

10.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/26

28/2/25

£

Hire purchase contracts

19,541

-

Bank loans

460,217

749,788

479,758

749,788