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REGISTERED NUMBER: 00321146 (England and Wales)
























Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 May 2016

for

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE)

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)






Contents of the Financial Statements
for the year ended 31 May 2016




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE)

Company Information
for the year ended 31 May 2016







DIRECTORS: D G Buss
P Hebden
B J Purser





SECRETARY: D G Buss





REGISTERED OFFICE: Springfield House
99-101 Crossbrook Street
Waltham Cross
Hertfordshire
EN8 8JR





REGISTERED NUMBER: 00321146 (England and Wales)





ACCOUNTANTS: The Trevor Jones Partnership LLP
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Report of the Directors
for the year ended 31 May 2016

The directors present their report with the financial statements of the company for the year ended 31 May 2016.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2015 to the date of this report.

D G Buss
P Hebden
B J Purser

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





B J Purser - Director


31 May 2017

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Profit and Loss Account
for the year ended 31 May 2016

Period
1.3.14
Year Ended to
31.5.16 31.5.15
Notes £    £   

TURNOVER 319,614 428,810

Cost of sales 215,419 282,240
GROSS PROFIT 104,195 146,570

Administrative expenses 106,331 137,035
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(2,136

)

9,535

Tax on (loss)/profit on ordinary activities 3 - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(2,136

)

9,535

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Balance Sheet
31 May 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,518 5,941

CURRENT ASSETS
Stocks 79,000 80,000
Debtors 5 10,795 4,750
Cash at bank and in hand 101 101
89,896 84,851
CREDITORS
Amounts falling due within one year 6 94,182 88,424
NET CURRENT LIABILITIES (4,286 ) (3,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232

2,368

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Profit and loss account 9 (1,768 ) 368
SHAREHOLDERS' FUNDS 232 2,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 31 May 2017 and were signed on its behalf by:





B J Purser - Director


STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Notes to the Financial Statements
for the year ended 31 May 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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

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

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 the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2. OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

Period
1.3.14
Year Ended to
31.5.16 31.5.15
£    £   
Depreciation - owned assets 876 1,151
Depreciation - assets on hire purchase contracts or finance leases 547 730
Pension costs 17 -

Directors' remuneration and other benefits etc 20,824 30,932

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 -

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Notes to the Financial Statements - continued
for the year ended 31 May 2016

3. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2016 nor for the period
ended 31 May 2015.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2015
and 31 May 2016 26,222
DEPRECIATION
At 1 June 2015 20,281
Charge for year 1,423
At 31 May 2016 21,704
NET BOOK VALUE
At 31 May 2016 4,518
At 31 May 2015 5,941

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2015
and 31 May 2016 12,300
DEPRECIATION
At 1 June 2015 10,111
Charge for year 547
At 31 May 2016 10,658
NET BOOK VALUE
At 31 May 2016 1,642
At 31 May 2015 2,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 10,795 4,750

STANLEY BRIDGE CYCLES AND SPORTS
LIMITED(THE) (REGISTERED NUMBER: 00321146)

Notes to the Financial Statements - continued
for the year ended 31 May 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 8,117 7,337
Trade creditors 24,834 29,624
Taxation and social security 1,905 3,010
Other creditors 59,326 48,453
94,182 88,424

7. OPERATING LEASE COMMITMENTS

The following operating lease payments are committed to be paid within one year:

2016 2015
£    £   
Expiring:
Within one year 8,633 -
Between one and five years - 14,500
In more than five years 16,000 11,400
24,633 25,900

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2,000 Ordinary £1 2,000 2,000

9. RESERVES
Profit
and loss
account
£   

At 1 June 2015 368
Deficit for the year (2,136 )
At 31 May 2016 (1,768 )

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the shares being held by several individuals.