TOTAL CYCLING LIMITED

TOTAL CYCLING LIMITED

TOTAL CYCLING LIMITED - Company Information

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TOTAL CYCLING LIMITED

Company Registration Number:
NI045372 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

TOTAL CYCLING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

TOTAL CYCLING LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 81,000 90,000
Tangible assets: 3 143,583 145,952
Total fixed assets: 224,583 235,952
Current assets
Stocks: 451,120 436,370
Debtors:   11,099 183
Cash at bank and in hand: 4,655 28,129
Total current assets: 466,874 464,682
Creditors: amounts falling due within one year:   (255,096) (264,632)
Net current assets (liabilities): 211,778 200,050
Total assets less current liabilities: 436,361 436,002
Creditors: amounts falling due after more than one year:   (2,070) (2,070)
Provision for liabilities: (1,250) (600)
Total net assets (liabilities): 433,041 433,332
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 432,941 433,232
Shareholders funds: 433,041 433,332

The notes form part of these financial statements

TOTAL CYCLING LIMITED

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 05 October 2017
and signed on behalf of the board by:

Name: Michael McLoone
Status: Director

The notes form part of these financial statements

TOTAL CYCLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

The accounts have been prepared under the historical cost convention and in accordance with the FinancialReporting Standard for Smaller Entities effective April 2008.

Turnover policy

Turnover is the amount derived from the internal salesof bicycle parts falling within the ordinary activities ofthe business after the deduction of value added tax.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following ratesin order to write off the assets over their estimateduseful livesPlant and Machinery 12.5% Reducing balanceFixtures and Fittings 12.5% Reducing balanceMotor Vehicles 25.0% Straight Line

Intangible fixed assets and amortisation policy

Amortisation of goodwill has been provided at a fixedrate of £9000 over a twenty year period.

TOTAL CYCLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Intangible Assets

Total
Cost £
At 01 April 2016 180,000
At 31 March 2017 180,000
Amortisation
At 01 April 2016 90,000
Charge for year 9,000
At 31 March 2017 99,000
Net book value
At 31 March 2017 81,000
At 31 March 2016 90,000

TOTAL CYCLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 196,608
At 31 March 2017 196,608
Depreciation
At 01 April 2016 50,656
Charge for year 2,369
At 31 March 2017 53,025
Net book value
At 31 March 2017 143,583
At 31 March 2016 145,952