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Company Registration No. 2129864 (England and Wales)
Bikeworx Limited Unaudited accounts for the year ended 31 March 2024
Bikeworx Limited Unaudited accounts Contents
Page
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Bikeworx Limited Company Information for the year ended 31 March 2024
Director
Mr C W Urquhart
Company Number
2129864 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH
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Bikeworx Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,500 
1,500 
Tangible assets
9,901 
10,117 
11,401 
11,617 
Current assets
Inventories
500 
750 
Debtors
3,908 
3,646 
Cash at bank and in hand
3,223 
4,807 
7,631 
9,203 
Creditors: amounts falling due within one year
(3,608)
(5,430)
Net current assets
4,023 
3,773 
Net assets
15,424 
15,390 
Capital and reserves
Called up share capital
400 
400 
Share premium
14,900 
14,900 
Profit and loss account
124 
90 
Shareholders' funds
15,424 
15,390 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 12 September 2024 and were signed on its behalf by
Mr C W Urquhart Director Company Registration No. 2129864
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Bikeworx Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bikeworx Limited is a private company, limited by shares, registered in England and Wales, registration number 2129864. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON , EX17 3AH.
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
10% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
1,500 
At 31 March 2024
1,500 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
1,500 
At 31 March 2023
1,500 
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Bikeworx Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
69,860 
Additions
837 
At 31 March 2024
70,697 
Depreciation
At 1 April 2023
59,743 
Charge for the year
1,053 
At 31 March 2024
60,796 
Net book value
At 31 March 2024
9,901 
At 31 March 2023
10,117 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,000 
3,096 
Accrued income and prepayments
550 
550 
Other debtors
2,358 
- 
3,908 
3,646 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
253 
Trade creditors
- 
548 
Taxes and social security
3,608 
4,587 
Loans from directors
- 
42 
3,608 
5,430 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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