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
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
Lucky 13 Bikes Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
11,777
9,554
Cash at bank and in hand
13,052
14,922
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
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
Lucky 13 Bikes Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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.
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 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.
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
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
At 30 June 2023
1,395
3,967
5,931
484
11,777
At 30 June 2022
-
569
8,809
176
9,554
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,000
2,040
Trade creditors
2,936
2,272
Taxes and social security
849
2,562
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
49,503
42,271
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).