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REGISTERED NUMBER: 11535434 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Bike2Work Exclusive Limited

Bike2Work Exclusive Limited (Registered number: 11535434)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bike2Work Exclusive Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: B Hatton





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11535434 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Bike2Work Exclusive Limited (Registered number: 11535434)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138 1,378
Investments 5 1,249 1,449
1,387 2,827

CURRENT ASSETS
Debtors 6 991,138 700,475
Cash at bank and in hand 8,065 15,533
999,203 716,008
CREDITORS
Amounts falling due within one year 7 275,473 209,124
NET CURRENT ASSETS 723,730 506,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,117

509,711

PROVISIONS FOR LIABILITIES 34 344
NET ASSETS 725,083 509,367

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 724,783 509,067
725,083 509,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bike2Work Exclusive Limited (Registered number: 11535434)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 4 September 2024 and were signed by:





B Hatton - Director


Bike2Work Exclusive Limited (Registered number: 11535434)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bike2Work Exclusive 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the current liability position and continuing losses the accounts have been prepared on a going concern basis due to the continued support from the other companies in the group.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Revenue is recognised to the extent that the company obtains the right to the consideration in exchange for it's performance and once collectability is reasonably assured. Revenue is measured at the fair value of the consideration achieved. Revenue represents the net commission received excluding VAT, on 'redemption' of a certificate. Revenue is recognised on issue of a certificate, which is not materially different from the date of redemption.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Bike2Work Exclusive Limited (Registered number: 11535434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 1 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,757
DEPRECIATION
At 1 January 2023 2,379
Charge for year 1,240
At 31 December 2023 3,619
NET BOOK VALUE
At 31 December 2023 138
At 31 December 2022 1,378

Bike2Work Exclusive Limited (Registered number: 11535434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,449
Disposals (200 )
At 31 December 2023 1,249
NET BOOK VALUE
At 31 December 2023 1,249
At 31 December 2022 1,449

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 19,018 29,477
Amounts owed by group undertakings 860,155 179,979
Other debtors 111,965 491,019
991,138 700,475

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 15
Trade creditors 20,894 23,077
Taxation and social security 13,372 3,762
Other creditors 241,207 182,270
275,473 209,124