REGISTERED NUMBER: 05189116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BAD ASS BIKES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R S Cooksley

SECRETARY:

J E Wheatley

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

05189116 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

4,705

5,777

CURRENT ASSETS

Stocks

14,285

11,275

Debtors

5

6,334

16,370

Cash at bank

-

71

20,619

27,716

CREDITORS

Amounts falling due within one year

6

21,903

23,363

NET CURRENT (LIABILITIES)/ASSETS

(1,284

)

4,353

TOTAL ASSETS LESS CURRENT LIABILITIES

3,421

10,130

CREDITORS

Amounts falling due after more than one year

7

(2,479

)

(8,671

)

PROVISIONS FOR LIABILITIES

(894

)

(1,445

)

NET ASSETS

48

14

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

38

4

48

14

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

R S Cooksley - Director

1.	STATUTORY INFORMATION

Bad Ass Bikes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

These financial statements have been prepared on a going concern basis on the understanding that the directors and shareholders will continue to be able to financially support the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,226

8,463

20,550

4,007

39,246

DEPRECIATION

At 1 January 2024

3,464

7,510

18,488

4,007

33,469

Charge for year

414

143

515

-

1,072

At 31 December 2024

3,878

7,653

19,003

4,007

34,541

NET BOOK VALUE

At 31 December 2024

2,348

810

1,547

-

4,705

At 31 December 2023

2,762

953

2,062

-

5,777

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

6,334

16,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,796

12,758

Trade creditors

1,150

-

Taxation and social security

3,446

6,295

Other creditors

2,511

4,310

21,903

23,363

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,479

8,671

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R S Cooksley

Balance outstanding at start of year

8,064

1,357

Amounts advanced

30,141

16,796

Amounts repaid

(38,205

)

(10,089

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,064

Advances made to directors are interest free and repayable within nine months.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £5,920 (2023: £8,023) by an associated company by

virtue of it's majority shareholding.

The company charged an associated company below market value rent of £Nil (2023: £4,605) during the period.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Cooksley by virtue of his majority shareholdings.