Company Registration No. 14235789 (England and Wales)
Harlow Rusty Bike Ltd
Unaudited accounts
for the period from 14 July 2022 to 31 July 2023
Harlow Rusty Bike Ltd
Unaudited accounts
Contents
Harlow Rusty Bike Ltd
Company Information
for the period from 14 July 2022 to 31 July 2023
Company Number
14235789 (England and Wales)
Registered Office
134-138 Station Road
London
E4 6AN
United Kingdom
Accountants
Kapook Accountancy
Certified Practising Accountants (ICPA)
94 Caledonian Road
London
N1 9DN
Harlow Rusty Bike Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
30,090
Creditors: amounts falling due within one year
(240,512)
Net current liabilities
(209,095)
Called up share capital
100
Profit and loss account
(88,150)
Shareholders' funds
(88,050)
For the period ending 31 July 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 3 April 2024 and were signed on its behalf by
MR AIN UDEEN
Director
Company Registration No. 14235789
Harlow Rusty Bike Ltd
Notes to the Accounts
for the period from 14 July 2022 to 31 July 2023
Harlow Rusty Bike Ltd is a private company, limited by shares, registered in England and Wales, registration number 14235789. The registered office is 134-138 Station Road, London, E4 6AN, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Harlow Rusty Bike Ltd
Notes to the Accounts
for the period from 14 July 2022 to 31 July 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
44,497
116,063
833
161,393
At 31 July 2023
44,497
116,063
833
161,393
Charge for the period
11,124
29,016
208
40,348
At 31 July 2023
11,124
29,016
208
40,348
At 31 July 2023
33,373
87,047
625
121,045
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
26,311
Taxes and social security
5,590
Loans from directors
146,373
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
8
Average number of employees
During the period the average number of employees was 8.