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REGISTERED NUMBER: 04927652 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ALL BIKES ACCESSORIES LIMITED

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL BIKES ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: K J Goodwin
S Phethean





SECRETARY: K J Goodwin





REGISTERED OFFICE: 48 Milnrow Road
ROCHDALE
Lancashire
OL16 1UD





REGISTERED NUMBER: 04927652 (England and Wales)





ACCOUNTANTS: Chandley Robinson Limited
Chartered Accountants
8A Manor Close
Cheadle Hulme
CHEADLE
Cheshire
SK8 7DJ

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 30,227 4,956
30,228 4,957

CURRENT ASSETS
Stocks 417,788 309,267
Debtors 6 10,921 43,610
Cash at bank and in hand 253,011 384,697
681,720 737,574
CREDITORS
Amounts falling due within one year 7 248,237 306,100
NET CURRENT ASSETS 433,483 431,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,711

436,431

CREDITORS
Amounts falling due after more than one
year

8

(6,098

)

-

PROVISIONS FOR LIABILITIES (6,045 ) (942 )
NET ASSETS 451,568 435,489

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 451,418 435,339
SHAREHOLDERS' FUNDS 451,568 435,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

BALANCE SHEET - continued
31ST OCTOBER 2023


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 30th July 2024 and were signed on its behalf by:




K J Goodwin - Director



S Phethean - Director


ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

All Bikes Accessories 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
The goodwill was acquired in 2003 and has been written down to £1.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 2,000
AMORTISATION
At 1st November 2022
and 31st October 2023 1,999
NET BOOK VALUE
At 31st October 2023 1
At 31st October 2022 1

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 14,432 40,197 22,500 3,906 81,035
Additions - - 38,261 - 38,261
At 31st October 2023 14,432 40,197 60,761 3,906 119,296
DEPRECIATION
At 1st November 2022 14,430 35,246 22,500 3,903 76,079
Charge for year - 3,425 9,565 - 12,990
At 31st October 2023 14,430 38,671 32,065 3,903 89,069
NET BOOK VALUE
At 31st October 2023 2 1,526 28,696 3 30,227
At 31st October 2022 2 4,951 - 3 4,956

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 38,261
At 31st October 2023 38,261
DEPRECIATION
Charge for year 9,565
At 31st October 2023 9,565
NET BOOK VALUE
At 31st October 2023 28,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29 4,529
Other debtors 10,892 39,081
10,921 43,610

ALL BIKES ACCESSORIES LIMITED (REGISTERED NUMBER: 04927652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,219 -
Trade creditors 138,566 216,696
Taxation and social security 20,224 14,836
Other creditors 84,228 74,568
248,237 306,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 6,098 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors' current accounts were both in credit in the combined sum of £59,973 (2022- £36,194) These balances are repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.



10. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2022 - £120,000) were paid to the directors .

During the year directors received benefits in kind of £420.

The premises occupied by the company are owned by Mr S Phethean a director and shareholder. During the year a rent was paid for the use of the premises of £24,000 (2022 - £24,000).



11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are Mr K Goodwin and Mr S Phethean who are the sole directors and shareholders of the company.