Company Registration No. 9075245 (England and Wales)
BIKE ALIVE LIMITED
Unaudited accounts
for the year ended 31 October 2023
BIKE ALIVE LIMITED
Company Information
for the year ended 31 October 2023
Directors
Derek Hambleton
Donna Hambleton
Company Number
9075245 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
Dorset
WC2H 9JQ
United Kingdom
Accountants
Philip Richardson
2 West Moors Road
Three Legged Cross
Wimborne
Dorset
BH21 6QP
BIKE ALIVE LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
14,114
22,540
Cash at bank and in hand
136
347
Creditors: amounts falling due within one year
(13,115)
(9,489)
Net current liabilities
(10,239)
(9,042)
Called up share capital
100
100
Profit and loss account
3,775
13,398
Shareholders' funds
3,875
13,498
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Derek Hambleton
Director
Company Registration No. 9075245
BIKE ALIVE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
BIKE ALIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9075245. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, Dorset, WC2H 9JQ, 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.
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
3 Year Straight Line
Motor vehicles
5 Year Straight Line
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
15,774
22,127
37,901
Disposals
(2,197)
-
(2,197)
At 31 October 2023
13,577
22,127
35,704
At 1 November 2022
10,073
5,288
15,361
Charge for the year
3,138
5,288
8,426
On disposals
(2,197)
-
(2,197)
At 31 October 2023
11,014
10,576
21,590
At 31 October 2023
2,563
11,551
14,114
At 31 October 2022
5,701
16,839
22,540
BIKE ALIVE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
2,740
100
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
12,329
7,541
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).