Company Registration No. 09498068 (England and Wales)
CYCLE FIT (INDOOR CYCLING) LIMITED
Unaudited accounts
for the year ended 31 March 2022
CYCLE FIT (INDOOR CYCLING) LIMITED
Unaudited accounts
Contents
CYCLE FIT (INDOOR CYCLING) LIMITED
Company Information
for the year ended 31 March 2022
Company Number
09498068 (England and Wales)
Registered Office
47 OAKRIDGE ACRES
TENBY
SA70 8DB
WALES
Accountants
williams lester accountants ltd
Ground Floor Offices
County Chambers, Warren Street
Tenby
Pembrokeshire
SA70 7JS
CYCLE FIT (INDOOR CYCLING) LIMITED
Statement of financial position
as at
31 March 2022
Tangible assets
10,872
5,589
Cash at bank and in hand
259
758
Creditors: amounts falling due within one year
(2,173)
(2,265)
Net current liabilities
(1,914)
(1,507)
Total assets less current liabilities
8,958
4,082
Creditors: amounts falling due after more than one year
(4,268)
(5,328)
Net assets/(liabilities)
4,690
(1,246)
Called up share capital
1
1
Profit and loss account
4,689
(1,247)
Shareholders' funds
4,690
(1,246)
For the year ending 31 March 2022 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 13 October 2022 and were signed on its behalf by
J Mills
Director
Company Registration No. 09498068
CYCLE FIT (INDOOR CYCLING) LIMITED
Notes to the Accounts
for the year ended 31 March 2022
CYCLE FIT (INDOOR CYCLING) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09498068. The registered office is 47 OAKRIDGE ACRES, TENBY, SA70 8DB, WALES.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
5,680
3,500
9,180
At 31 March 2022
13,680
3,500
17,180
At 1 April 2021
1,568
2,023
3,591
Charge for the year
2,422
295
2,717
At 31 March 2022
3,990
2,318
6,308
At 31 March 2022
9,690
1,182
10,872
At 31 March 2021
4,112
1,477
5,589
CYCLE FIT (INDOOR CYCLING) LIMITED
Notes to the Accounts
for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
1,066
1,066
Taxes and social security
21
-
Loans from directors
396
509
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).