1 August 2022 false No description of principal activity Taxfiler 2024.5 10274410business:PrivateLimitedCompanyLtd2022-08-012023-07-31 102744102022-07-31 102744102022-08-012023-07-31 10274410business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 10274410business:FilletedAccounts2022-08-012023-07-31 102744102023-07-31 10274410business:Director12022-08-012023-07-31 10274410business:RegisteredOffice2022-08-012023-07-31 102744102022-07-31 10274410core:WithinOneYear2023-07-31 10274410core:WithinOneYear2022-07-31 10274410core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10274410core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10274410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10274410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10274410core:PreviouslyStatedAmount2023-07-31 10274410core:PreviouslyStatedAmount2022-07-31 10274410business:SmallEntities2022-08-012023-07-31 10274410countries:EnglandWales2022-08-012023-07-31 10274410core:ComputerEquipment2022-08-012023-07-31 10274410core:PlantMachinery2022-07-31 10274410core:MotorVehicles2022-07-31 10274410core:FurnitureFittings2022-07-31 10274410core:ComputerEquipment2022-07-31 10274410core:PlantMachinery2022-08-012023-07-31 10274410core:MotorVehicles2022-08-012023-07-31 10274410core:FurnitureFittings2022-08-012023-07-31 10274410core:PlantMachinery2023-07-31 10274410core:MotorVehicles2023-07-31 10274410core:FurnitureFittings2023-07-31 10274410core:ComputerEquipment2023-07-31 102744102021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10274410 (England and Wales)
BICYCLENATION LTD Unaudited accounts for the year ended 31 July 2023
BICYCLENATION LTD Unaudited accounts Contents
Page
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BICYCLENATION LTD Company Information for the year ended 31 July 2023
Director
Mr Tamas Polocz
Company Number
10274410 (England and Wales)
Registered Office
61 TAYMOUNT GRANGE TAYMOUNT RISE LONDON SE23 3UJ ENGLAND
Accountants
Strike Consulting (London) 44 Broadway London E15 1XH
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BICYCLENATION LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,725 
5,643 
Current assets
Inventories
23,300 
23,300 
Debtors
1,846 
8,588 
Cash at bank and in hand
242,622 
176,695 
267,768 
208,583 
Creditors: amounts falling due within one year
(139,725)
(116,245)
Net current assets
128,043 
92,338 
Net assets
136,768 
97,981 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
136,668 
97,881 
Shareholders' funds
136,768 
97,981 
For the year 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 30 April 2024 and were signed on its behalf by
Mr Tamas Polocz Director Company Registration No. 10274410
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BICYCLENATION LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
BICYCLENATION LTD is a private company, limited by shares, registered in England and Wales, registration number 10274410. The registered office is 61 TAYMOUNT GRANGE, TAYMOUNT RISE, LONDON, SE23 3UJ, ENGLAND.
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 remained unchanged from the previous year, and also 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.
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:
Computer equipment
100%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
4,009 
14,047 
4,927 
2,538 
25,521 
Additions
3,547 
- 
2,181 
- 
5,728 
At 31 July 2023
7,556 
14,047 
7,108 
2,538 
31,249 
Depreciation
At 1 August 2022
2,022 
12,296 
3,272 
2,288 
19,878 
Charge for the year
1,549 
- 
1,097 
- 
2,646 
At 31 July 2023
3,571 
12,296 
4,369 
2,288 
22,524 
Net book value
At 31 July 2023
3,985 
1,751 
2,739 
250 
8,725 
At 31 July 2022
1,987 
1,751 
1,655 
250 
5,643 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,846 
8,588 
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BICYCLENATION LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,338 
8,440 
VAT
11,067 
23,553 
Obligations under finance leases and hire purchase contracts
5,910 
7,360 
Trade creditors
27,048 
15,050 
Taxes and social security
11,543 
17,937 
Other creditors
1,946 
970 
Loans from directors
61,664 
42,935 
Accruals
7,209 
- 
139,725 
116,245 
7
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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