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Company Registration No. 12974035 (England and Wales)
Southern Ebike Rentals Limited Unaudited accounts for the year ended 31 October 2024
Southern Ebike Rentals Limited Unaudited accounts Contents
Page
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Southern Ebike Rentals Limited Company Information for the year ended 31 October 2024
Directors
O Evans P Marsden
Company Number
12974035 (England and Wales)
Registered Office
Malt Barn House Southbrook Road West Ashling Chichester West Sussex PO18 8DN England
Accountants
PGB Accountancy Limited 202 Walmer Road Fratton Portsmouth Hampshire PO1 5AU
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Southern Ebike Rentals Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,580 
72,213 
Current assets
Debtors
5,972 
2,624 
Cash at bank and in hand
3,695 
39,864 
9,667 
42,488 
Creditors: amounts falling due within one year
(56,268)
(60,397)
Net current liabilities
(46,601)
(17,909)
Total assets less current liabilities
28,979 
54,304 
Provisions for liabilities
Other provisions
(2,951)
(1,192)
Net assets
26,028 
53,112 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,928 
53,012 
Shareholders' funds
26,028 
53,112 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
O Evans Director Company Registration No. 12974035
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Southern Ebike Rentals Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Southern Ebike Rentals Limited is a private company, limited by shares, registered in England and Wales, registration number 12974035. The registered office is Malt Barn House, Southbrook Road, West Ashling, Chichester, West Sussex, PO18 8DN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
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Southern Ebike Rentals Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
106,462 
17,775 
124,237 
Additions
39,789 
- 
39,789 
Disposals
(28,964)
- 
(28,964)
At 31 October 2024
117,287 
17,775 
135,062 
Depreciation
At 1 November 2023
47,580 
4,444 
52,024 
Charge for the year
21,860 
3,333 
25,193 
On disposals
(17,735)
- 
(17,735)
At 31 October 2024
51,705 
7,777 
59,482 
Net book value
At 31 October 2024
65,582 
9,998 
75,580 
At 31 October 2023
58,882 
13,331 
72,213 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,951 
2,271 
Accrued income and prepayments
- 
332 
Other debtors
3,021 
21 
5,972 
2,624 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,000 
38,000 
Trade creditors
4,503 
1,050 
Taxes and social security
1,336 
6,647 
Other creditors
730 
901 
Loans from directors
12,949 
12,949 
Accruals
750 
850 
56,268 
60,397 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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