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REGISTERED NUMBER: 07171639 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Electric Bicycle Company Limited

Electric Bicycle Company Limited (Registered number: 07171639)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Electric Bicycle Company Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: S F Patterson
C S Patterson





REGISTERED OFFICE: 711 North Circular Road
London
NW2 7AX





REGISTERED NUMBER: 07171639 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Electric Bicycle Company Limited (Registered number: 07171639)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Stocks 35,000 47,612
Debtors 4 4,984 2,416
Cash at bank 14,089 30,996
54,073 81,024
CREDITORS
Amounts falling due within one year 5 104,247 124,996
NET CURRENT LIABILITIES (50,174 ) (43,972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,174

)

(43,972

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (50,274 ) (44,072 )
SHAREHOLDERS' FUNDS (50,174 ) (43,972 )

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

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

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 9 April 2024 and were signed on its behalf by:





S F Patterson - Director


Electric Bicycle Company Limited (Registered number: 07171639)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Electric Bicycle Company 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
At 30th June 2023 the company was dependent upon related party support to fund its deficit. The director of the related party company confirms that this financial support will continue for at least twelve months following the approval date of these accounts and the director of Electric Bicycle Company Limited therefore considers it appropriate to prepare them on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

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 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,886 2,318
Called up share capital not paid 98 98
4,984 2,416

Electric Bicycle Company Limited (Registered number: 07171639)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 10,649 28,592
Social security and other taxes 1,650 593
VAT 2,951 3,557
East West Contracting Limited 29,153 29,153
Directors' current accounts 76 188
Accrued expenses 59,768 62,913
104,247 124,996

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 July 2022 (44,072 )
Deficit for the year (2,902 )
Dividends (3,300 )
At 30 June 2023 (50,274 )

8. RELATED PARTY DISCLOSURES

The company's ultimate controlling party is the director, Mr S Patterson.

Included in creditors are a current account balance of £29,153 and accrued expenses of £58,828 due to East West Contracting Limited, a company controlled by the director, Mr S Patterson.

East West Contracting Limited rendered a service charge of £4,250 for the year.