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Registered number: 06399950

Brick Lane Bikes Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Brick Lane Bikes Limited

ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022
DIRECTORS
J Milewski
F Buchwald
M Wrotek
SECRETARY
F Buchwald, M Wrotek
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06399950
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Brick Lane Bikes Limited

ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Brick Lane Bikes Limited

BALANCE SHEET AT 31 October 2022
20222021
Notes££
FIXED ASSETS
Intangible assets212,50015,000
Tangible assets320,24226,170
32,74241,170
CURRENT ASSETS
Stock2,907,5812,363,544
Debtors51,532,5811,705,120
Cash at bank and in hand3,658,1725,288,511
8,098,3349,357,175
CREDITORS: Amounts falling due within one year6234,414331,638
NET CURRENT ASSETS7,863,9209,025,537
TOTAL ASSETS LESS CURRENT LIABILITIES7,896,6629,066,707
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account7,896,5629,066,607
SHAREHOLDERS' FUNDS7,896,6629,066,707
For the year ending 31 October 2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 October 2023 and signed on their behalf by
.............................
M Wrotek
Director

Brick Lane Bikes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Statutory Information
Brick Lane Bikes Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 06399950 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth,England, TW7 4PU.
1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
1h. Turnover
Turnover represents the value of goods and services supplied by the company , net of value added tax and trade discounts is recognised when services are rendered.

Brick Lane Bikes Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 November 202150,00050,000
At 31 October 202250,00050,000
Depreciation
At 1 November 202135,00035,000
For the year2,5002,500
At 31 October 202237,50037,500
Net Book Amounts
At 31 October 202212,50012,500
At 31 October 202115,00015,000
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 1 November 202126,62950,16625,780102,575
Additions-459-459
At 31 October 202226,62950,62525,780103,034
Depreciation
At 1 November 202124,78628,07723,54276,405
For the year4615,3675596,387
At 31 October 202225,24733,44424,10182,792
Net Book Amounts
At 31 October 20221,38217,1811,67920,242
At 31 October 20211,84322,0892,23826,170
4. STOCK 20222021
££
Stock comprises:
Stock2,907,5812,363,544
2,907,5812,363,544
5. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors127,218319,293
Other debtors1,393,4011,363,692
Prepayments and accrued income11,96222,135
1,532,5811,705,120

Brick Lane Bikes Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Taxation and social security153,839196,789
Salaries and wages control21,08829,891
Directors current account6,370-
Trade creditors33,64592,325
Other creditors13,9205,995
Pension schemes1,7411,807
Accruals3,8114,831
234,414331,638
7. EMPLOYEES
20222021
No.No.
Average number of employees1520
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
46 Ordinary A shares of £1 each4646
45 Ordinary B shares of £1 each4545
9 Ordinary C shares of £1 each99
100100
9. RELATED PARTY TRANSACTIONS
Included in other debtors is an amount due from a director of £4,900. The maximum amounts owing during the year was £4,900. This loan was interest free.