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Registered Number: 09540267
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 April 2024

for

BIKER EMPORIUM LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 4,400    5,500 
Tangible fixed assets 4 380,940    389,417 
385,340    394,917 
Current assets      
Stocks 316,412    239,066 
Debtors 10,927    11,037 
Cash at bank and in hand 43,176    16,311 
370,515    266,414 
Creditors: amount falling due within one year (456,059)   (428,949)
Net current assets (85,544)   (162,535)
 
Total assets less current liabilities 299,796    232,382 
Creditors: amount falling due after more than one year (248,120)   (236,251)
Provisions for liabilities   (1,470)
Net assets 51,676    (5,339)
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account 51,675    (5,340)
Shareholders' funds 51,676    (5,339)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 January 2025 and were signed by:


-------------------------------
Martin Tarrant
Director
1
General Information
Biker Emporium Ltd is a private company, limited by shares, registered in England and Wales, registration number 09540267, registration address Kennedy Drive, Eldene, Swindon, Wiltshire, SN3 3SB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings                    2% Straight Line
Fixtures and Fittings                  20% Reducing Balance
Computer equipment                 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2023 11,000    11,000 
Additions  
Disposals  
At 30 April 2024 11,000    11,000 
Amortisation
At 01 May 2023 5,500    5,500 
Charge for year 1,100    1,100 
On disposals  
At 30 April 2024 6,600    6,600 
Net book values
At 30 April 2024 4,400    4,400 
At 30 April 2023 5,500    5,500 


4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 May 2023 406,044    15,460    421,504 
Additions   2,725    2,725 
Disposals    
At 30 April 2024 406,044    18,185    424,229 
Depreciation
At 01 May 2023 24,363    7,724    32,087 
Charge for year 8,121    3,081    11,202 
On disposals    
At 30 April 2024 32,484    10,805    43,289 
Net book values
Closing balance as at 30 April 2024 373,560    7,380    380,940 
Opening balance as at 01 May 2023 381,681    7,736    389,417 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

2