Registered number: 06399950 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
F Buchwald, M Wrotek | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
8,098,334 | 9,357,175 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 9,025,537 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 7,896,562 | 9,066,607 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Motor Cars | reducing 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 | ||||||||
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 | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 November 2021 | 50,000 | 50,000 | ||
At 31 October 2022 | 50,000 | 50,000 | ||
Depreciation | ||||
At 1 November 2021 | 35,000 | 35,000 | ||
For the year | 2,500 | 2,500 | ||
At 31 October 2022 | 37,500 | 37,500 | ||
Net Book Amounts | ||||
At 31 October 2022 | ||||
At 31 October 2021 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Fixtures | |||||||
Machinery | and Fittings | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 November 2021 | 26,629 | 50,166 | 25,780 | 102,575 | ||||
Additions | - | 459 | - | 459 | ||||
At 31 October 2022 | 26,629 | 50,625 | 25,780 | 103,034 | ||||
Depreciation | ||||||||
At 1 November 2021 | 24,786 | 28,077 | 23,542 | 76,405 | ||||
For the year | 461 | 5,367 | 559 | 6,387 | ||||
At 31 October 2022 | 25,247 | 33,444 | 24,101 | 82,792 | ||||
Net Book Amounts | ||||||||
At 31 October 2022 | 20,242 | |||||||
At 31 October 2021 | 26,170 | |||||||
4. STOCK | 2022 | 2021 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 127,218 | 319,293 | ||||||
Other debtors | 1,393,401 | 1,363,692 | ||||||
Prepayments and accrued income | 11,962 | 22,135 | ||||||
1,532,581 | 1,705,120 | |||||||
Brick Lane Bikes Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Taxation and social security | 153,839 | 196,789 | ||||||
Salaries and wages control | 21,088 | 29,891 | ||||||
Directors current account | 6,370 | - | ||||||
Trade creditors | 33,645 | 92,325 | ||||||
Other creditors | 13,920 | 5,995 | ||||||
Pension schemes | 1,741 | 1,807 | ||||||
Accruals | 3,811 | 4,831 | ||||||
234,414 | 331,638 | |||||||
7. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | 20 | |||||
8. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
46 | 46 | |||||||
45 | 45 | |||||||
9 | 9 | |||||||
100 | 100 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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