Registration number:
Gravity Cycles Ltd
for the Period from 1 December 2017 to 31 December 2018
183 Sidney Road
Walton-on-Thames
Surrey
KT12 3SD
Gravity Cycles Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Gravity Cycles Ltd
Company Information
Directors |
Mr Bruce Karsten Mrs Helen Karsten |
Registered office |
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Accountants |
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Page 1 |
Gravity Cycles Ltd
Directors' Report for the Period from 1 December 2017 to 31 December 2018
The directors present their report and the financial statements for the period from 1 December 2017 to 31 December 2018.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the period were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Director
Page 2 |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gravity Cycles Ltd
for the Period Ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gravity Cycles Ltd for the period ended 31 December 2018 as set out on pages 4 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements. These are based on the principals approved by IFAC.
This report is made solely to the Board of Directors of Gravity Cycles Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gravity Cycles Ltd and state those matters that we have agreed to state to the Board of Directors of Gravity Cycles Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gravity Cycles Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gravity 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 Gravity Cycles Ltd. You consider that Gravity 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 Gravity 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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Walton-on-Thames
Surrey
KT12 3SD
Page 3 |
Gravity Cycles Ltd
(Registration number: 11074990)
Balance Sheet as at 31 December 2018
Note |
2018 |
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Fixed assets |
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Tangible assets |
18,375 |
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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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Current assets |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
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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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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
Page 4 |
Gravity Cycles Ltd
(Registration number: 11074990)
Balance Sheet as at 31 December 2018
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial period ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Director
Page 5 |