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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
Page
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Harlow Rusty Bike Ltd Company Information for the period from 14 July 2022 to 31 July 2023
Director
MR AIN UDEEN
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
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Harlow Rusty Bike Ltd Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
121,045 
Current assets
Debtors
1,327 
Cash at bank and in hand
30,090 
31,417 
Creditors: amounts falling due within one year
(240,512)
Net current liabilities
(209,095)
Net liabilities
(88,050)
Capital and reserves
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
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Harlow Rusty Bike Ltd Notes to the Accounts for the period from 14 July 2022 to 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
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.
Pension 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
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
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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 
At 14 July 2022
- 
- 
- 
- 
Additions
44,497 
116,063 
833 
161,393 
At 31 July 2023
44,497 
116,063 
833 
161,393 
Depreciation
Charge for the period
11,124 
29,016 
208 
40,348 
At 31 July 2023
11,124 
29,016 
208 
40,348 
Net book value
At 31 July 2023
33,373 
87,047 
625 
121,045 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
1,327 
6
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
26,311 
VAT
7,400 
Trade creditors
20,195 
Taxes and social security
5,590 
Other creditors
27,266 
Loans from directors
146,373 
Accruals
7,377 
240,512 
7
Share capital
2023 
£ 
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.
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