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REGISTERED NUMBER: 11188609 (England and Wales)















Unaudited Financial Statements for the Year Ended 25 February 2024

for

Bikers Gear Australia Limited

Bikers Gear Australia Limited (Registered number: 11188609)






Contents of the Financial Statements
for the Year Ended 25 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bikers Gear Australia Limited

Company Information
for the Year Ended 25 February 2024







DIRECTORS: I Ahmed
J Malik Begum





REGISTERED OFFICE: 317 Golden Hill Lane
Leyland
Preston
Lancashire
PR25 2YJ





REGISTERED NUMBER: 11188609 (England and Wales)





ACCOUNTANTS: Tippings Chartered Accountants
115 Chapel Lane
Longton
Preston
PR4 5NA

Bikers Gear Australia Limited (Registered number: 11188609)

Balance Sheet
25 February 2024

25.2.24 25.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 2,500
Tangible assets 5 2,193 2,924
4,193 5,424

CURRENT ASSETS
Stocks 313,592 274,820
Debtors 6 152,533 135,042
Cash at bank 79,830 184,571
545,955 594,433
CREDITORS
Amounts falling due within one year 7 707,645 633,631
NET CURRENT LIABILITIES (161,690 ) (39,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(157,497

)

(33,774

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (157,597 ) (33,874 )
SHAREHOLDERS' FUNDS (157,497 ) (33,774 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 February 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 21 November 2024 and were signed on its behalf by:



I Ahmed - Director


Bikers Gear Australia Limited (Registered number: 11188609)

Notes to the Financial Statements
for the Year Ended 25 February 2024

1. STATUTORY INFORMATION

Bikers Gear Australia Limited is a private company limited by shares, registered in England and Wales. The company's registered number is 11188609 and its registered office is at 317 Golden Hill Lane, Leyland, PR25 2YJ.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

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.

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.

Bikers Gear Australia Limited (Registered number: 11188609)

Notes to the Financial Statements - continued
for the Year Ended 25 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 26 February 2023
and 25 February 2024 5,000
AMORTISATION
At 26 February 2023 2,500
Charge for year 500
At 25 February 2024 3,000
NET BOOK VALUE
At 25 February 2024 2,000
At 25 February 2023 2,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 26 February 2023
and 25 February 2024 4,918
DEPRECIATION
At 26 February 2023 1,994
Charge for year 731
At 25 February 2024 2,725
NET BOOK VALUE
At 25 February 2024 2,193
At 25 February 2023 2,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.2.24 25.2.23
£    £   
Trade debtors 71,221 80,457
Other debtors 81,312 54,585
152,533 135,042

Bikers Gear Australia Limited (Registered number: 11188609)

Notes to the Financial Statements - continued
for the Year Ended 25 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.2.24 25.2.23
£    £   
Bank loans and overdrafts 56 56
Trade creditors 666,158 587,109
Amounts owed to group undertakings 28,903 28,903
Taxation and social security 9,528 14,563
Other creditors 3,000 3,000
707,645 633,631

8. RELATED PARTY DISCLOSURES

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.

9. PARENT UNDERTAKING

The company's parent undertaking is Bikers Gear Australia PTY Ltd, a company registered in Australia whose registered address is 64 Greenway Drive, Ferntree Gully, 3156 Victoria, Australia. The company is not required to prepare group accounts.