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Company Registration No. 12071361 (England and Wales)
Lucky 13 Bikes Ltd Unaudited accounts for the year ended 30 June 2024
Lucky 13 Bikes Ltd Unaudited accounts Contents
Page
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Lucky 13 Bikes Ltd Company Information for the year ended 30 June 2024
Director
Ryan David Machin
Company Number
12071361 (England and Wales)
Registered Office
Unit 8 Maida Vale Business Park Leckhampton CHELTENHAM GLOUCESTERSHIRE GL53 7ER UNITED KINGDOM
Accountants
Louise Newman and co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Lucky 13 Bikes Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,338 
11,777 
Current assets
Inventories
50,919 
33,000 
Debtors
2,791 
2,646 
Cash at bank and in hand
25,080 
13,052 
78,790 
48,698 
Creditors: amounts falling due within one year
(20,501)
(6,840)
Net current assets
58,289 
41,858 
Total assets less current liabilities
68,627 
53,635 
Creditors: amounts falling due after more than one year
(65,817)
(54,954)
Net assets/(liabilities)
2,810 
(1,319)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,710 
(1,419)
Shareholders' funds
2,810 
(1,319)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Ryan David Machin Director Company Registration No. 12071361
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Lucky 13 Bikes Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Lucky 13 Bikes Ltd is a private company, limited by shares, registered in England and Wales, registration number 12071361. The registered office is Unit 8, Maida Vale Business Park, Leckhampton, CHELTENHAM, GLOUCESTERSHIRE, GL53 7ER, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Lucky 13 Bikes Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
1,550 
6,026 
14,388 
751 
22,715 
Additions
1,820 
- 
- 
1,638 
3,458 
At 30 June 2024
3,370 
6,026 
14,388 
2,389 
26,173 
Depreciation
At 1 July 2023
155 
2,059 
8,457 
267 
10,938 
Charge for the year
337 
1,204 
2,878 
478 
4,897 
At 30 June 2024
492 
3,263 
11,335 
745 
15,835 
Net book value
At 30 June 2024
2,878 
2,763 
3,053 
1,644 
10,338 
At 30 June 2023
1,395 
3,967 
5,931 
484 
11,777 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
291 
146 
Other debtors
2,500 
2,500 
2,791 
2,646 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,960 
2,000 
VAT
1,721 
650 
Trade creditors
3,425 
2,936 
Taxes and social security
4,233 
849 
Other creditors
1,918 
123 
Accruals
282 
282 
Deferred income
6,962 
- 
20,501 
6,840 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,503 
5,451 
Loans from directors
62,314 
49,503 
65,817 
54,954 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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