Registered number
06685414
JUICY BIKE LIMITED
Filleted Accounts
31 December 2024
JUICY BIKE LIMITED
Registered number: 06685414
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,594 14,249
Tangible assets 4 31,422 10,720
38,016 24,969
Current assets
Stocks 167,474 279,172
Debtors 5 317,722 223,754
Cash at bank and in hand 37,222 21,090
522,418 524,016
Creditors: amounts falling due within one year 6 (553,817) (548,909)
Net current liabilities (31,399) (24,893)
Net assets 6,617 76
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,517 (24)
Shareholders' funds 6,617 76
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philippe Vaxelaire
Director
Approved by the board on 9 June 2025
JUICY BIKE LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
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
The company had net assets of £6617 as at 31 December 2024 (net liabilities of £76 as at 31 December 2023). These financial statements have been prepared on the going concern basis.
The director believes that the company will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of signing the financial statements.
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Fixtures and fitting over 5 years
Computer equipment over 3 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Software
Cost
At 1 January 2024 22,966
At 31 December 2024 22,966
Amortisation
At 1 January 2024 8,717
Provided during the year 7,655
At 31 December 2024 16,372
Net book value
At 31 December 2024 6,594
At 31 December 2023 14,249
Software is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 14,127 20,376 34,503
Additions 9,024 22,030 31,054
At 31 December 2024 23,151 42,406 65,557
Depreciation
At 1 January 2024 12,542 11,241 23,783
Charge for the year 2,728 7,624 10,352
At 31 December 2024 15,270 18,865 34,135
Net book value
At 31 December 2024 7,881 23,541 31,422
At 31 December 2023 1,585 9,135 10,720
5 Debtors 2024 2023
£ £
Trade debtors 56,935 15,870
Other debtors 260,787 207,884
317,722 223,754
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 133,394 80,538
Amounts owed to group undertakings and undertakings in which the company has a participating interest 305,116 357,416
Taxation and social security costs 5,310 4,771
Other creditors 109,997 106,184
553,817 548,909
7 Related party transactions
Included in creditors are amounts owed to Vaxe, a French company, of which Philippe Vaxelaire is a director, totalling £289,946 (2023: 338,720).
8 Controlling party
The ultimate controlling party is Vaxe, a French company, registered address ZI Ouest, 3 Allee des Quatre Journaux, 72200 La Fleche, France.
9 Other information
JUICY BIKE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Number 22
Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS
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