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Company Registration No. 12071361 (England and Wales)
Lucky 13 Bikes Ltd Unaudited accounts for the year ended 30 June 2023
Lucky 13 Bikes Ltd Unaudited accounts Contents
Page
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Lucky 13 Bikes Ltd Company Information for the year ended 30 June 2023
Director
Ryan David Machin
Company Number
12071361 (England and Wales)
Registered Office
18A LANSDOWN PLACE LANE CHELTENHAM GLOUCESTERSHIRE GL50 2LB UNITED KINGDOM
Accountants
Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Lucky 13 Bikes Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,777 
9,554 
Current assets
Inventories
33,000 
30,965 
Debtors
2,646 
11,656 
Cash at bank and in hand
13,052 
14,922 
48,698 
57,543 
Creditors: amounts falling due within one year
(6,840)
(16,329)
Net current assets
41,858 
41,214 
Total assets less current liabilities
53,635 
50,768 
Creditors: amounts falling due after more than one year
(54,954)
(49,742)
Net (liabilities)/assets
(1,319)
1,026 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,419)
926 
Shareholders' funds
(1,319)
1,026 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2023 and were signed on its behalf by
Ryan David Machin Director Company Registration No. 12071361
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Lucky 13 Bikes Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Lucky 13 Bikes Ltd is a private company, limited by shares, registered in England and Wales, registration number 12071361. The registered office is 18A LANSDOWN PLACE LANE, CHELTENHAM, GLOUCESTERSHIRE, GL50 2LB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Lucky 13 Bikes Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
- 
1,424 
14,388 
292 
16,104 
Additions
1,550 
4,602 
- 
459 
6,611 
At 30 June 2023
1,550 
6,026 
14,388 
751 
22,715 
Depreciation
At 1 July 2022
- 
855 
5,579 
116 
6,550 
Charge for the year
155 
1,204 
2,878 
151 
4,388 
At 30 June 2023
155 
2,059 
8,457 
267 
10,938 
Net book value
At 30 June 2023
1,395 
3,967 
5,931 
484 
11,777 
At 30 June 2022
- 
569 
8,809 
176 
9,554 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
146 
8,358 
Other debtors
2,500 
3,298 
2,646 
11,656 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
2,040 
VAT
650 
4,358 
Trade creditors
2,936 
2,272 
Taxes and social security
849 
2,562 
Other creditors
123 
- 
Accruals
282 
845 
Deferred income
- 
4,252 
6,840 
16,329 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,451 
7,471 
Loans from directors
49,503 
42,271 
54,954 
49,742 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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