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REGISTERED NUMBER: 11032165 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

K'S BICYCLE WORKSHOP LIMITED

K'S BICYCLE WORKSHOP LIMITED (REGISTERED NUMBER: 11032165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K'S BICYCLE WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr K Cardozo De Biasi
Mrs A Zunchetta





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 11032165 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

K'S BICYCLE WORKSHOP LIMITED (REGISTERED NUMBER: 11032165)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £ £
CURRENT ASSETS
Stocks 13,278 13,818
Debtors 4 2,065 3,352
Cash at bank 25,008 25,724
40,351 42,894
CREDITORS
Amounts falling due within one year 5 22,562 26,537
NET CURRENT ASSETS 17,789 16,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,789

16,357

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 17,689 16,257
SHAREHOLDERS' FUNDS 17,789 16,357

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

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

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 19th October 2023 and were signed on its behalf by:





Mr K Cardozo De Biasi - Director


K'S BICYCLE WORKSHOP LIMITED (REGISTERED NUMBER: 11032165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

K'S Bicycle Workshop Limited 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Rent deposit 2,065 2,065
Prepayments and accrued income - 1,287
2,065 3,352

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Tax 19,101 18,475
VAT 2,022 24
Directors' current accounts - 6,837
Accrued expenses 1,439 1,201
22,562 26,537

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary £1 100 100

K'S BICYCLE WORKSHOP LIMITED (REGISTERED NUMBER: 11032165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. RESERVES
Retained
earnings
£

At 1st April 2022 16,257
Profit for the year 81,432
Dividends (80,000 )
At 31st March 2023 17,689

8. ULTIMATE CONTROLLING PARTY

The two directors hold ultimate control over K's Bicycle Workshop Limited.