Registration number:
Unaudited Abbreviated Accounts
for the Period from
Geared Up Cycles Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Geared Up Cycles Ltd
for the Period Ended 30 September 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Geared Up Cycles Ltd for the period ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Geared Up Cycles Ltd, as a body, in accordance with the terms of our engagement letterdated 4 September 2013. Our work has been undertaken solely to prepare for your approval the accounts of Geared Up Cycles Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Geared Up Cycles Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Geared Up Cycles 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 Geared Up Cycles Ltd. You consider that Geared Up Cycles Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Geared Up Cycles 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.
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Beevers & Co
Chartered Accountants
44 Chatsworth Gardens
Acton
London
W3 9LW
2 June 2015
Geared Up Cycles Ltd
(Registration number: 08676799)
Abbreviated Balance Sheet at 30 September 2014
Note |
30 September 2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr S R A Groombridge
Director
2
Geared Up Cycles Ltd
Notes to the Abbreviated Accounts for the Period from 4 September 2013 to 30 September 2014
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Office equipment |
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Fixtures and fittings |
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Stock
Hire purchase and leasing
Financial instruments
Geared Up Cycles Ltd
Notes to the Abbreviated Accounts for the Period from 4 September 2013 to 30 September 2014
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
6,179 |
6,179 |
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At 30 September 2014 |
6,179 |
6,179 |
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Depreciation |
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Charge for the period |
1,448 |
1,448 |
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At 30 September 2014 |
1,448 |
1,448 |
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Net book value |
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At 30 September 2014 |
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Share capital |
Allotted, called up and fully paid shares
30 September 2014 |
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No. |
£ |
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New shares allotted
During the period
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