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REGISTERED NUMBER: 11091589 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Batribike Limited

Batribike Limited (Registered number: 11091589)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Batribike Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Lundqvist
L Pearson





SECRETARY:





REGISTERED OFFICE: Unit 4
Ingleby Grange
Ingleby
Lincoln
Lincolnshire
LN1 2PQ





REGISTERED NUMBER: 11091589 (England and Wales)





ACCOUNTANTS: CP Accounting
11, The Croft
Nettleham
Lincoln
Lincolnshire
LN2 2NW

Batribike Limited (Registered number: 11091589)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,100 2,800
Tangible assets 5 15,957 15,555
18,057 18,355

CURRENT ASSETS
Stocks 1,306,608 1,446,055
Debtors 6 377,018 382,194
Cash at bank 17,563 121,071
1,701,189 1,949,320
CREDITORS
Amounts falling due within one year 7 1,666,950 1,937,112
NET CURRENT ASSETS 34,239 12,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,296

30,563

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,196 30,463
52,296 30,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Batribike Limited (Registered number: 11091589)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





J Lundqvist - Director


Batribike Limited (Registered number: 11091589)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Batribike Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

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.


Batribike Limited (Registered number: 11091589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 7,000
AMORTISATION
At 1 July 2023 4,200
Charge for year 700
At 30 June 2024 4,900
NET BOOK VALUE
At 30 June 2024 2,100
At 30 June 2023 2,800

Batribike Limited (Registered number: 11091589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 65,592
Additions 8,980
At 30 June 2024 74,572
DEPRECIATION
At 1 July 2023 50,037
Charge for year 8,578
At 30 June 2024 58,615
NET BOOK VALUE
At 30 June 2024 15,957
At 30 June 2023 15,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 243,630 213,634
Other debtors 133,388 168,560
377,018 382,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 1,707
Trade creditors 1,393,979 1,651,296
Taxation and social security 24,458 30,509
Other creditors 248,513 253,600
1,666,950 1,937,112