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REGISTERED NUMBER: 04549247 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PLANET BIKE LIMITED

PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,265 1,898

CURRENT ASSETS
Stocks 328,427 383,106
Debtors 5 2,393 2,548
Cash at bank and in hand 295,752 286,347
626,572 672,001
CREDITORS
Amounts falling due within one year 6 58,038 77,606
NET CURRENT ASSETS 568,534 594,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,799

596,293

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 569,798 596,292
SHAREHOLDERS' FUNDS 569,799 596,293

PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

BALANCE SHEET - continued
31 OCTOBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr P Cann - Director


PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Planet Bike Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04549247

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Fixtures and fittings - 20% on cost
Equipment - 20% 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 Profit and loss account, 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.

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.

PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 29,479 8,250 8,562 46,291
DEPRECIATION
At 1 November 2023 29,479 8,250 6,664 44,393
Charge for year - - 633 633
At 31 October 2024 29,479 8,250 7,297 45,026
NET BOOK VALUE
At 31 October 2024 - - 1,265 1,265
At 31 October 2023 - - 1,898 1,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,393 2,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,932 50,257
Taxation and social security 17,344 26,382
Other creditors 762 967
58,038 77,606

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

PLANET BIKE LIMITED (REGISTERED NUMBER: 04549247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. RESERVES
Retained
earnings
£   

At 1 November 2023 596,292
Profit for the year 15,506
Dividends (42,000 )
At 31 October 2024 569,798