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REGISTERED NUMBER: 08068904 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED

SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Kris Brown





REGISTERED OFFICE: Unit 9, Nexus
Capitol Court
Dodworth
Barnsley
S75 3UD





REGISTERED NUMBER: 08068904 (England and Wales)

SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,880 5,484

CURRENT ASSETS
Stocks 80,305 95,717
Debtors 6 8,353 18,174
Cash at bank and in hand 327 1,673
88,985 115,564
CREDITORS
Amounts falling due within one year 7 118,301 109,316
NET CURRENT (LIABILITIES)/ASSETS (29,316 ) 6,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,436

)

11,732

CREDITORS
Amounts falling due after more than one
year

8

(8,510

)

(11,218

)

PROVISIONS FOR LIABILITIES (839 ) (862 )
NET LIABILITIES (34,785 ) (348 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (34,786 ) (349 )
SHAREHOLDERS' FUNDS (34,785 ) (348 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Kris Brown - Director


SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

South Yorkshire Electric Bike Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The address of the principal place of business is 9 Stadium Court, Mangham Road, Parkgate, Rotherham, S62 6EW.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,097 1,441 12,055 225 15,818
DEPRECIATION
At 1 April 2023 1,153 1,018 7,984 179 10,334
Charge for year 419 325 814 46 1,604
At 31 March 2024 1,572 1,343 8,798 225 11,938
NET BOOK VALUE
At 31 March 2024 525 98 3,257 - 3,880
At 31 March 2023 944 423 4,071 46 5,484

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 8,353 18,174

SOUTH YORKSHIRE ELECTRIC BIKE CENTRE
LIMITED (REGISTERED NUMBER: 08068904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,781 4,976
Trade creditors 10,149 10,055
Amounts owed to group undertakings 99,371 92,785
Other creditors 3,000 1,500
118,301 109,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,510 11,218

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 27,882
Between one and five years - 27,883
- 55,765

10. CALLED UP SHARE CAPITAL

The share capital of £1, (2023, £1) has been allotted, called up and fully paid.

11. RELATED PARTY DISCLOSURES

At the balance sheet date £99,371 (2023 - £92,785) was owed by the company to fellow group companies.

The amounts owed are interest free and are repayable on demand.

Transactions between the company and all related parties including fellow group companies are concluded in each and every case under normal market conditions.

12. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Karlmarx Holdings Limited, incorporated in England and Wales.