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REGISTERED NUMBER: 14070260 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Elves Bikes UK Ltd

Elves Bikes UK Ltd (Registered number: 14070260)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elves Bikes UK Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S J Williams
S Williams





REGISTERED OFFICE: 53 Dibles Road
Southampton
Hampshire
SO31 9JL





REGISTERED NUMBER: 14070260 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Elves Bikes UK Ltd (Registered number: 14070260)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,168 -

CURRENT ASSETS
Debtors 5 1,782 2,381
Cash at bank 16,792 22,140
18,574 24,521
CREDITORS
Amounts falling due within one year 6 11,739 6,284
NET CURRENT ASSETS 6,835 18,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,003

18,237

RESERVES
Retained earnings 8,003 18,237
SHAREHOLDERS' FUNDS 8,003 18,237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 23 October 2024 and were signed on its behalf by:




S Williams - Director



S J Williams - Director


Elves Bikes UK Ltd (Registered number: 14070260)

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

1. STATUTORY INFORMATION

Elves Bikes UK Ltd 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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Elves Bikes UK Ltd (Registered number: 14070260)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,433
At 30 April 2024 1,433
DEPRECIATION
Charge for year 265
At 30 April 2024 265
NET BOOK VALUE
At 30 April 2024 1,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 2,381
Prepayments 1,782 -
1,782 2,381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 5,977 4,278
Social security and other taxes 144 -
VAT 3,901 -
Directors' current accounts 817 1,106
Accrued expenses 900 900
11,739 6,284

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Williams.