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REGISTERED NUMBER: 04628416 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Jordan Bikes Ltd

Jordan Bikes Ltd (Registered number: 04628416)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

Jordan Bikes Ltd (Registered number: 04628416)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,280 51,898

CURRENT ASSETS
Stocks 5 527,037 516,452
Debtors 6 1,531,876 1,527,509
Cash at bank and in hand 97,657 145,848
2,156,570 2,189,809
CREDITORS
Amounts falling due within one year 7 219,458 391,485
NET CURRENT ASSETS 1,937,112 1,798,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,029,392

1,850,222

PROVISIONS FOR LIABILITIES 21,810 12,975
NET ASSETS 2,007,582 1,837,247

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,007,572 1,837,237
SHAREHOLDERS' FUNDS 2,007,582 1,837,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jordan Bikes Ltd (Registered number: 04628416)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 13 August 2024 and were signed by:





N J Jordan - Director


Jordan Bikes Ltd (Registered number: 04628416)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Jordan Bikes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04628416

Registered office: Gelderd Road
Gildersome
Leeds
West Yorkshire
LS27 7JN

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company's policies for income recognition, for each source of income are as follows:

Sale of goods and services - recognised on issue of the invoice.
Sale of warranties and service contracts - recognised on issue of the invoice.
Commission income from providers of finance taken out by customers of the company - recognised on issue of the finance agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Jordan Bikes Ltd (Registered number: 04628416)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 34,397 53,142 26,436
Additions - 1,778 -
Disposals - - -
At 31 January 2024 34,397 54,920 26,436
DEPRECIATION
At 1 February 2023 21,367 35,338 23,328
Charge for year 1,716 3,243 523
At 31 January 2024 23,083 38,581 23,851
NET BOOK VALUE
At 31 January 2024 11,314 16,339 2,585
At 31 January 2023 13,030 17,804 3,108

Jordan Bikes Ltd (Registered number: 04628416)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 25,391 10,719 150,085
Additions 85,000 544 87,322
Disposals (25,000 ) - (25,000 )
At 31 January 2024 85,391 11,263 212,407
DEPRECIATION
At 1 February 2023 10,112 8,042 98,187
Charge for year 15,052 1,406 21,940
At 31 January 2024 25,164 9,448 120,127
NET BOOK VALUE
At 31 January 2024 60,227 1,815 92,280
At 31 January 2023 15,279 2,677 51,898


5. STOCKS
31.1.24 31.1.23
£    £   
Stock of goods for resale 497,341 488,987
Stock of parts 29,696 27,465
527,037 516,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 24,121 20,918
Directors' loan accounts 1,128,400 1,128,400
Tax 365,100 365,100
Prepayments 14,255 13,091
1,531,876 1,527,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 28,317 33,996
Taxation and social security 82,616 209,051
Other creditors 108,525 148,438
219,458 391,485

Jordan Bikes Ltd (Registered number: 04628416)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   

The Company's bankers hold a debenture including a fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future dated 19 October 2003.

Hire purchase liabilities are secured against the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
N J Jordan
Balance outstanding at start of year 1,117,078 795,738
Amounts advanced 133,617 396,840
Amounts repaid (152,000 ) (75,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,098,695 1,117,078

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Jordan Bikes Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jordan Bikes Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Jordan Bikes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jordan Bikes Ltd and state those matters that we have agreed to state to the director of Jordan Bikes Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Jordan Bikes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jordan Bikes Ltd. You consider that Jordan Bikes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jordan Bikes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA


13 August 2024