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REGISTERED NUMBER: 06131482 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Tarty Bikes Ltd

Tarty Bikes Ltd (Registered number: 06131482)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tarty Bikes Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr C Goddard
Mr B O Tyrrell





REGISTERED OFFICE: Units 3-4 Club Street
Bamber Bridge
Preston
Lancashire
PR5 6FN





REGISTERED NUMBER: 06131482 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Tarty Bikes Ltd (Registered number: 06131482)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,427 4,368
2,427 4,368

CURRENT ASSETS
Stocks 192,627 211,434
Debtors 6 10,735 11,561
Cash at bank 22,610 171,162
225,972 394,157
CREDITORS
Amounts falling due within one year 7 20,691 16,932
NET CURRENT ASSETS 205,281 377,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,708

381,593

PROVISIONS FOR LIABILITIES 6,461 6,830
NET ASSETS 201,247 374,763

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 4 4
Retained earnings 201,143 374,659
SHAREHOLDERS' FUNDS 201,247 374,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Tarty Bikes Ltd (Registered number: 06131482)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




Mr B O Tyrrell - Director



Mr C Goddard - Director


Tarty Bikes Ltd (Registered number: 06131482)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Tarty Bikes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Website development - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Tarty Bikes Ltd (Registered number: 06131482)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

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 profit or loss in the period to which they relate.

Warranty costs
Provision is made for expected warranty costs on sales in accordance with the company's warranty terms. The warranty accrual reflects managements best estimate of probable liability under product warranties given. The warranty accrual based on known product failures (if any), historical experience, and other evidence currently available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Tarty Bikes Ltd (Registered number: 06131482)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Website
machinery fittings vehicles development Totals
£    £    £    £    £   
COST
At 1 April 2022 17,503 13,006 31,138 34,217 95,864
Disposals - - (20,500 ) - (20,500 )
At 31 March 2023 17,503 13,006 10,638 34,217 75,364
DEPRECIATION
At 1 April 2022 17,491 12,102 31,138 30,765 91,496
Charge for year 12 182 - 1,747 1,941
Eliminated on disposal - - (20,500 ) - (20,500 )
At 31 March 2023 17,503 12,284 10,638 32,512 72,937
NET BOOK VALUE
At 31 March 2023 - 722 - 1,705 2,427
At 31 March 2022 12 904 - 3,452 4,368

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 979 2,688
Other debtors 363 352
VAT 1,693 -
Prepayments 7,700 8,521
10,735 11,561

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 4,815 3,745
Tax 13,225 8,053
VAT - 835
Directors' loan accounts 151 -
Accrued expenses 2,500 4,299
20,691 16,932

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 30,000 30,000