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Registered number: 06399950

Brick Lane Bikes Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Brick Lane Bikes Limited

ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
DIRECTORS
J Milewski
F Buchwald
M Wrotek
SECRETARY
F Buchwald, M Wrotek
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06399950
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Brick Lane Bikes Limited

ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Brick Lane Bikes Limited

BALANCE SHEET AT 31 October 2023
20232022
Notes££
FIXED ASSETS
Intangible assets210,00012,500
Tangible assets327,01020,242
37,01032,742
CURRENT ASSETS
Stock42,557,7672,907,581
Debtors51,432,8701,532,581
Cash at bank and in hand1,834,5233,658,172
5,825,1608,098,334
CREDITORS: Amounts falling due within one year692,752234,414
NET CURRENT ASSETS5,732,4087,863,920
TOTAL ASSETS LESS CURRENT LIABILITIES5,769,4187,896,662
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account5,769,3187,896,562
SHAREHOLDERS' FUNDS5,769,4187,896,662
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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on their behalf by
.............................
M Wrotek
Director

Brick Lane Bikes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts is recognised when either services are rendered or goods delivered.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1h. Statutory Information
Brick Lane Bikes Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 06399950 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth,England, TW7 4PU.

Brick Lane Bikes Limited

1i. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 November 202250,00050,000
At 31 October 202350,00050,000
Depreciation
At 1 November 202237,50037,500
For the year2,5002,500
At 31 October 202340,00040,000
Net Book Amounts
At 31 October 202310,00010,000
At 31 October 202212,50012,500
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 1 November 202226,62950,62525,780103,034
Additions8,5525,445-13,997
At 31 October 202335,18156,07025,780117,031
Depreciation
At 1 November 202225,24733,44424,10182,792
For the year1,5935,2164207,229
At 31 October 202326,84038,66024,52190,021
Net Book Amounts
At 31 October 20238,34117,4101,25927,010
At 31 October 20221,38217,1811,67920,242
4. STOCK 20232022
££
Stock comprises:
Stock2,557,7672,907,581
2,557,7672,907,581

Brick Lane Bikes Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors111,423127,218
Other debtors1,314,1891,393,401
Prepayments and accrued income7,25811,962
1,432,8701,532,581
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security4,318153,839
Salaries and wages control16,57821,088
Directors current account6,3706,370
Trade creditors47,26533,645
Other creditors12,45713,920
Pension schemes1,6481,741
Accruals4,1163,811
92,752234,414
7. EMPLOYEES
20232022
No.No.
Average number of employees1415
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
46 A Ordinary shares of £1.00 each4646
45 B Ordinary shares of £1.00 each4545
9 C Ordinary shares of £1.00 each99
100100