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Company Registration No. 11111806 (England and Wales)
WHEELIE BIKE SHOP LTD Unaudited accounts for the year ended 31 December 2023
WHEELIE BIKE SHOP LTD Unaudited accounts Contents
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WHEELIE BIKE SHOP LTD Company Information for the year ended 31 December 2023
Directors
Michael Maiden Vivienne Horwood Robert Fraser Harper
Company Number
11111806 (England and Wales)
Registered Office
53 HADRIAN WAY CORFE MULLEN WIMBORNE DORSET BH21 3XF ENGLAND
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WHEELIE BIKE SHOP LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,056 
7,126 
Current assets
Inventories
3,254 
17,765 
Debtors
30,438 
25,654 
Cash at bank and in hand
4,731 
3,720 
38,423 
47,139 
Creditors: amounts falling due within one year
(25,250)
(29,512)
Net current assets
13,173 
17,627 
Total assets less current liabilities
19,229 
24,753 
Creditors: amounts falling due after more than one year
(1,469)
(2,333)
Net assets
17,760 
22,420 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
17,757 
22,417 
Shareholders' funds
17,760 
22,420 
For the year ending 31 December 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 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 of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Robert Fraser Harper Director Company Registration No. 11111806
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WHEELIE BIKE SHOP LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
WHEELIE BIKE SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 11111806. The registered office is 53 HADRIAN WAY, CORFE MULLEN, WIMBORNE, DORSET, BH21 3XF, 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:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
8,014 
392 
8,406 
At 31 December 2023
8,014 
392 
8,406 
Depreciation
At 1 January 2023
1,202 
78 
1,280 
Charge for the year
1,022 
48 
1,070 
At 31 December 2023
2,224 
126 
2,350 
Net book value
At 31 December 2023
5,790 
266 
6,056 
At 31 December 2022
6,812 
314 
7,126 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,883 
5,919 
Other debtors
20,555 
19,735 
30,438 
25,654 
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WHEELIE BIKE SHOP LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(1,332)
(917)
Taxes and social security
18 
3,930 
Other creditors
162 
96 
Loans from directors
25,982 
25,983 
Accruals
420 
420 
25,250 
29,512 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,469 
2,333 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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