Registered number
12409607
Kilburn Cycles (London) Limited
Unaudited Filleted Accounts and Notes
For the year ended
31 January 2024
Kilburn Cycles (London) Limited
Registered number: 12409607
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 6,358 10,399
Cash at bank and in hand 87,768 101,572
94,126 111,971
Creditors: amounts falling due within one year 4 (31,798) (56,447)
Net current assets 62,328 55,524
Total assets less current liabilities 62,328 55,524
Creditors: amounts falling due after more than one year 5 (6,750) (6,750)
Net assets 55,578 48,774
Capital and reserves
Called up share capital 15 15
Profit and loss account 55,563 48,759
Shareholders' funds 55,578 48,774
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O'Neil Burnett
Director
Approved by the board on 14 October 2024
Kilburn Cycles (London) Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2024 2023
£ £
Other debtors 6,358 10,399
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,085 6,899
Taxation and social security costs 11,395 15,022
Other creditors 6,318 34,526
31,798 56,447
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 6,750 6,750
6 Other information
Kilburn Cycles (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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