IRIS Accounts Production v24.3.0.553 09946202 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099462022023-04-30099462022024-04-30099462022023-05-012024-04-30099462022022-04-30099462022022-05-012023-04-30099462022023-04-3009946202ns15:EnglandWales2023-05-012024-04-3009946202ns14:PoundSterling2023-05-012024-04-3009946202ns10:Director12023-05-012024-04-3009946202ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009946202ns10:SmallEntities2023-05-012024-04-3009946202ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009946202ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009946202ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009946202ns10:AbridgedAccounts2023-05-012024-04-3009946202ns10:CompanySecretary12023-05-012024-04-3009946202ns10:RegisteredOffice2023-05-012024-04-3009946202ns5:CurrentFinancialInstruments2024-04-3009946202ns5:CurrentFinancialInstruments2023-04-3009946202ns5:ShareCapital2024-04-3009946202ns5:ShareCapital2023-04-3009946202ns5:RetainedEarningsAccumulatedLosses2024-04-3009946202ns5:RetainedEarningsAccumulatedLosses2023-04-3009946202ns5:PlantMachinery2023-05-012024-04-30
REGISTERED NUMBER: 09946202 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

BIKERSWEAR (BHAM) LIMITED

BIKERSWEAR (BHAM) LIMITED (REGISTERED NUMBER: 09946202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BIKERSWEAR (BHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr Sunit Sharma



SECRETARY: Mr Vijay Sharma



REGISTERED OFFICE: 46 New John Street West
Birmingham
B19 3NB



REGISTERED NUMBER: 09946202 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Barclays Bank Plc
161 High Street
Birmingham
B14 7LA

BIKERSWEAR (BHAM) LIMITED (REGISTERED NUMBER: 09946202)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 14,449 18,061

CURRENT ASSETS
Stocks 401,190 522,120
Cash at bank and in hand 54,066 315,845
455,256 837,965
CREDITORS
Amounts falling due within one year 330,952 763,159
NET CURRENT ASSETS 124,304 74,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,753

92,867

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 138,553 92,667
SHAREHOLDERS' FUNDS 138,753 92,867

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

BIKERSWEAR (BHAM) LIMITED (REGISTERED NUMBER: 09946202)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25th October 2024 and were signed by:





Mr Sunit Sharma - Director


BIKERSWEAR (BHAM) LIMITED (REGISTERED NUMBER: 09946202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. 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.
Plant and machinery etc - 20% on reducing balance

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

BIKERSWEAR (BHAM) LIMITED (REGISTERED NUMBER: 09946202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023
and 30th April 2024 34,827
DEPRECIATION
At 1st May 2023 16,766
Charge for year 3,612
At 30th April 2024 20,378
NET BOOK VALUE
At 30th April 2024 14,449
At 30th April 2023 18,061