Registered Number:10792877 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
Big Fun Bikes Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Big Fun Bikes Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
266
646
2
266
646
3,591
3,147
3
Trade and other receivables |
2,400
2,400
4
7,980
Cash and cash equivalents |
10,013
15,560
13,971
Trade and other payables: amounts falling due within one |
year |
(1,072)
(1,895)
5
12,899
13,665
Net current assets
Total assets less current liabilities |
13,931
13,545
13,931
Net assets
13,545
10
10
13,921
13,535
13,931
13,545
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 21 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
Big Fun Bikes Ltd
Notes to the Financial Statements
Statutory Information
Big Fun Bikes Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 10792877. |
5 Steeple Walk
London
N1 8TF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods sold.
Property, plant and equipment
Property, plant and equipment, 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: |
Plant and Machinery
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
2. Property, plant and equipment |
4,393
995
3,398
3,398
995
4,393
Provision for depreciation and impairment |
3,747
449
3,298
Charge for year
380
331
49
4,127
780
3,347
51
215
266
100
546
646
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For the year ended 31 May 2024
Big Fun Bikes Ltd
Notes to the Financial Statements Continued
2023
2024
3,147
3,591
4. Trade and other receivables |
2023
2024
2,400
2,400
5. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
1,352
586
543
486
1,895
1,072
6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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