IRIS Accounts Production v23.4.0.336 08033676 Board of Directors Board of Directors Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080336762022-09-30080336762023-09-30080336762022-10-012023-09-30080336762021-09-30080336762021-10-012022-09-30080336762022-09-3008033676ns15:EnglandWales2022-10-012023-09-3008033676ns14:PoundSterling2022-10-012023-09-3008033676ns10:Director12022-10-012023-09-3008033676ns10:Director22022-10-012023-09-3008033676ns10:Director32022-10-012023-09-3008033676ns10:Director42022-10-012023-09-3008033676ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3008033676ns10:SmallEntities2022-10-012023-09-3008033676ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3008033676ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3008033676ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008033676ns10:FullAccounts2022-10-012023-09-300803367612022-10-012023-09-3008033676ns10:OrdinaryShareClass12022-10-012023-09-3008033676ns10:OrdinaryShareClass22022-10-012023-09-3008033676ns10:OrdinaryShareClass32022-10-012023-09-3008033676ns10:CompanySecretary12022-10-012023-09-3008033676ns10:RegisteredOffice2022-10-012023-09-3008033676ns5:CurrentFinancialInstruments2023-09-3008033676ns5:CurrentFinancialInstruments2022-09-3008033676ns5:Non-currentFinancialInstruments2023-09-3008033676ns5:Non-currentFinancialInstruments2022-09-3008033676ns5:ShareCapital2023-09-3008033676ns5:ShareCapital2022-09-3008033676ns5:RetainedEarningsAccumulatedLosses2023-09-3008033676ns5:RetainedEarningsAccumulatedLosses2022-09-3008033676ns5:NetGoodwill2022-10-012023-09-3008033676ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3008033676ns5:ComputerSoftware2022-10-012023-09-3008033676ns5:PlantMachinery2022-10-012023-09-3008033676ns5:FurnitureFittings2022-10-012023-09-3008033676ns5:NetGoodwill2022-09-3008033676ns5:ComputerSoftware2022-09-3008033676ns5:NetGoodwill2023-09-3008033676ns5:ComputerSoftware2023-09-3008033676ns5:NetGoodwill2022-09-3008033676ns5:ComputerSoftware2022-09-3008033676ns5:PlantMachinery2022-09-3008033676ns5:FurnitureFittings2022-09-3008033676ns5:PlantMachinery2023-09-3008033676ns5:FurnitureFittings2023-09-3008033676ns5:PlantMachinery2022-09-3008033676ns5:FurnitureFittings2022-09-3008033676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3008033676ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008033676ns10:OrdinaryShareClass12023-09-3008033676ns10:OrdinaryShareClass22023-09-3008033676ns10:OrdinaryShareClass32023-09-30
REGISTERED NUMBER: 08033676 (England and Wales)













BIKE STOP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BIKE STOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs M A Brown
M R Brown
D I Brown
M D Rogers





SECRETARY: D I Brown





REGISTERED OFFICE: 104 High Street
Stevenage
Hertfordshire
SG1 3DQ





REGISTERED NUMBER: 08033676 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 126,045 147,074
Tangible assets 5 18,624 22,719
144,669 169,793

CURRENT ASSETS
Stocks 539,542 486,447
Debtors 6 28,542 25,299
Cash at bank and in hand 131,775 66,148
699,859 577,894
CREDITORS
Amounts falling due within one year 7 380,426 239,751
NET CURRENT ASSETS 319,433 338,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,102

507,936

CREDITORS
Amounts falling due after more than one
year

8

400,000

400,000
NET ASSETS 64,102 107,936

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings (35,898 ) 7,936
SHAREHOLDERS' FUNDS 64,102 107,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

BALANCE SHEET - continued
30 SEPTEMBER 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 23 January 2024 and were signed on its behalf by:




M R Brown - Director Mrs M A Brown - Director




D I Brown - Director M D Rogers - Director


BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Bike Stop 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty 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.

Website development is being amortised evenly over its estimated useful life of nil years.

Website development
The website is being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 balance sheet date.


BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 213,064 103,766 316,830
AMORTISATION
At 1 October 2022 108,305 61,451 169,756
Amortisation for year 10,653 10,376 21,029
At 30 September 2023 118,958 71,827 190,785
NET BOOK VALUE
At 30 September 2023 94,106 31,939 126,045
At 30 September 2022 104,759 42,315 147,074

BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022 16,771 44,179 60,950
Additions - 634 634
Disposals (6,689 ) - (6,689 )
At 30 September 2023 10,082 44,813 54,895
DEPRECIATION
At 1 October 2022 7,179 31,052 38,231
Charge for year 1,438 2,056 3,494
Eliminated on disposal (5,454 ) - (5,454 )
At 30 September 2023 3,163 33,108 36,271
NET BOOK VALUE
At 30 September 2023 6,919 11,705 18,624
At 30 September 2022 9,592 13,127 22,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,042 16,549
Other debtors 2,750 2,750
Prepayments 9,750 6,000
28,542 25,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 8,574
Trade creditors 255,688 129,590
Tax 63 63
Social security and other taxes 1,959 3,828
Value added tax 17,681 21,502
Directors' current accounts 74,464 68,528
Sundry creditors and accruals 10,571 7,666
380,426 239,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors loan 400,000 400,000

BIKE STOP LIMITED (REGISTERED NUMBER: 08033676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
89,998 Ordinary A £1 89,998 89,998
2 Ordinary B £1 2 2
10,000 Ordinary C Shares £1 10,000 10,000
100,000 100,000