1 May 2023 false No description of principal activity Taxfiler 2024.6 07604403business:PrivateLimitedCompanyLtd2023-05-012024-04-30 076044032023-04-30 076044032023-05-012024-04-30 07604403business:AuditExemptWithAccountantsReport2023-05-012024-04-30 07604403business:FilletedAccounts2023-05-012024-04-30 076044032024-04-30 07604403business:Director12023-05-012024-04-30 07604403business:Director22023-05-012024-04-30 07604403business:RegisteredOffice2023-05-012024-04-30 076044032023-04-30 07604403core:WithinOneYear2024-04-30 07604403core:WithinOneYear2023-04-30 07604403core:AfterOneYear2024-04-30 07604403core:AfterOneYear2023-04-30 07604403core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 07604403core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07604403core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 07604403core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07604403core:PreviouslyStatedAmount2024-04-30 07604403core:PreviouslyStatedAmount2023-04-30 07604403business:SmallEntities2023-05-012024-04-30 07604403countries:EnglandWales2023-05-012024-04-30 07604403core:FurnitureFittings2023-05-012024-04-30 07604403core:FurnitureFittings2023-04-30 07604403core:FurnitureFittings2024-04-30 076044032022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 07604403 (England and Wales)
PI SQUARED BICYCLES LTD. Unaudited accounts for the year ended 30 April 2024
PI SQUARED BICYCLES LTD. Unaudited accounts Contents
Page
- 2 -
PI SQUARED BICYCLES LTD. Company Information for the year ended 30 April 2024
Directors
ANDREW WAGERER PAULO CARVALHO
Company Number
07604403 (England and Wales)
Registered Office
360A KING STREET LONDON W6 0RX ENGLAND
Accountants
Accounts & Finance Consultants Ltd 1000 Great West Road Brentford London Middlesex TW8 9DW
- 3 -
PI SQUARED BICYCLES LTD. Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,040 
65,380 
Current assets
Inventories
140,000 
140,000 
Debtors
12,372 
23,076 
Cash at bank and in hand
2,662 
25,412 
155,034 
188,488 
Creditors: amounts falling due within one year
(40,100)
(32,695)
Net current assets
114,934 
155,793 
Total assets less current liabilities
170,974 
221,173 
Creditors: amounts falling due after more than one year
(24,000)
(24,000)
Net assets
146,974 
197,173 
Capital and reserves
Called up share capital
1,250 
1,250 
Profit and loss account
145,724 
195,923 
Shareholders' funds
146,974 
197,173 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
ANDREW WAGERER Director Company Registration No. 07604403
- 4 -
PI SQUARED BICYCLES LTD. Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
PI SQUARED BICYCLES LTD. is a private company, limited by shares, registered in England and Wales, registration number 07604403. The registered office is 360A KING STREET, LONDON, W6 0RX, ENGLAND.
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.
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:
Fixtures & fittings
10 year deprecation straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
93,400 
At 30 April 2024
93,400 
Depreciation
At 1 May 2023
28,020 
Charge for the year
9,340 
At 30 April 2024
37,360 
Net book value
At 30 April 2024
56,040 
At 30 April 2023
65,380 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,238 
Trade debtors
(10,817)
5,838 
Other debtors
23,189 
16,000 
12,372 
23,076 
- 5 -
PI SQUARED BICYCLES LTD. Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,432 
- 
VAT
4,217 
- 
Trade creditors
13,567 
49,343 
Taxes and social security
7,204 
8,271 
Other creditors
(22,326)
(7,189)
Loans from directors
19,006 
(17,730)
40,100 
32,695 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,000 
24,000 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -