KINETIC BIKE BEARINGS LTD

Company Registration Number:
09067863 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

KINETIC BIKE BEARINGS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

KINETIC BIKE BEARINGS LTD

Balance sheet

As at 31 March 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 41,522 47,595
Total fixed assets: 41,522 47,595
Current assets
Stocks: 52,177 62,516
Debtors:   13,611 16,614
Cash at bank and in hand: 907,253 702,546
Total current assets: 973,041 781,676
Creditors: amounts falling due within one year:   (163,136) (119,940)
Net current assets (liabilities): 809,905 661,736
Total assets less current liabilities: 851,427 709,331
Total net assets (liabilities): 851,427 709,331
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 851,327 709,231
Shareholders funds: 851,427 709,331

The notes form part of these financial statements

KINETIC BIKE BEARINGS LTD

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 May 2025
and signed on behalf of the board by:

Name: Mr Craig Mark Binns
Status: Director

The notes form part of these financial statements

KINETIC BIKE BEARINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows. Motor Vehicles over 10 years : plant and machinery over 10 years.

KINETIC BIKE BEARINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 3 3

KINETIC BIKE BEARINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 74,243
Additions 4,309
At 31 March 2025 78,552
Depreciation
At 01 April 2024 26,648
Charge for year 10,382
At 31 March 2025 37,030
Net book value
At 31 March 2025 41,522
At 31 March 2024 47,595