2023-08-012024-07-312024-07-31false11444054CHAINLINK BIKES 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CHAINLINK BIKES LTD

Registered Number
11444054
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

CHAINLINK BIKES LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SANCHES, Ana Carolina Mendonca

Registered Address

204a Bikeworks Cambridge Heath Road
London
E2 9NQ

Registered Number

11444054 (England and Wales)
CHAINLINK BIKES LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3614-
614-
Current assets
Stocks45,0005,000
Debtors1,6532,464
Cash at bank and on hand18,14723,777
24,80031,241
Creditors amounts falling due within one year5(18,144)(27,662)
Net current assets (liabilities)6,6563,579
Total assets less current liabilities7,2703,579
Net assets7,2703,579
Capital and reserves
Called up share capital2020
Profit and loss account7,2503,559
Shareholders' funds7,2703,579
The financial statements were approved and authorised for issue by the Director on 25 April 2025, and are signed on its behalf by:
SANCHES, Ana Carolina Mendonca
Director
Registered Company No. 11444054
CHAINLINK BIKES LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles3
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 August 234,850-4,850
Additions-850850
Disposals(4,850)-(4,850)
At 31 July 24-850850
Depreciation and impairment
At 01 August 234,850-4,850
Charge for year-236236
On disposals(4,850)-(4,850)
At 31 July 24-236236
Net book value
At 31 July 24-614614
At 31 July 23---
4.Stocks

2024

2023

££
Raw materials and consumables5,0005,000
Total5,0005,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,6023,605
Taxation and social security7,7884,064
Other creditors5,92819,243
Accrued liabilities and deferred income826750
Total18,14427,662
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.