LESLIE BIKE SHOP LTD

Company Registration Number:
SC368476 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

LESLIE BIKE SHOP LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

LESLIE BIKE SHOP LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 100,000 100,000
Tangible assets: 4 44,534 15,909
Total fixed assets: 144,534 115,909
Current assets
Stocks: 347,415 444,938
Debtors:   8,793 57,463
Cash at bank and in hand: 143,126 161,716
Total current assets: 499,334 664,117
Creditors: amounts falling due within one year: 5 (153,928) (168,683)
Net current assets (liabilities): 345,406 495,434
Total assets less current liabilities: 489,940 611,343
Creditors: amounts falling due after more than one year:   (833) (10,833)
Total net assets (liabilities): 489,107 600,510
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 489,007 600,410
Shareholders funds: 489,107 600,510

The notes form part of these financial statements

LESLIE BIKE SHOP LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: BRYAN MOODIE
Status: Director

The notes form part of these financial statements

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Finance leases and hire purchase contracts Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less any accumulated amortisation and impairment losses where applicable.

Valuation and information policy

Stocks and work in progress Stock is valued at the lower of cost and estimated selling price, less any associated costs to enable such sales to complete. Costs include all amounts related to the purchase, conversion and other processes in bringing stock to its present location and condition ready for sale. Cost is calculated using the "First-in, First-out" basis. Provision is made for damaged, obsolete and slow moving items of stock where appropriate.

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible Assets

Total
Cost £
At 01 December 2022 100,000
At 30 November 2023 100,000
Net book value
At 30 November 2023 100,000
At 30 November 2022 100,000

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 32,747
Additions 21,404
At 30 November 2023 54,151
Depreciation
At 01 December 2022 16,838
Charge for year 2,861
On disposals (10,082)
At 30 November 2023 9,617
Net book value
At 30 November 2023 44,534
At 30 November 2022 15,909

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

LESLIE BIKE SHOP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Related party transactions

Name of the related party:
Relationship:
Subsidiary Company
Description of the Transaction: The company is a wholly owned subsidiary of Lomond Bicycle Services Limited, company number SC639839, of registered address 41 Westbank, Auchtermuchty, Cupar, Fife, KY14 7LA.
£
Balance at 01 December 2022 0
Balance at 30 November 2023 0