Company Registration No. 2129864 (England and Wales)
Bikeworx Limited
Unaudited accounts
for the year ended 31 March 2024
Bikeworx Limited
Unaudited accounts
Contents
Bikeworx Limited
Company Information
for the year ended 31 March 2024
Company Number
2129864 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
Bikeworx Limited
Statement of financial position
as at 31 March 2024
Intangible assets
1,500
1,500
Tangible assets
9,901
10,117
Cash at bank and in hand
3,223
4,807
Creditors: amounts falling due within one year
(3,608)
(5,430)
Net current assets
4,023
3,773
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
Bikeworx Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Bikeworx Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
550
550
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
253
Taxes and social security
3,608
4,587
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).