Biker Bespoke Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02827132 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Biker Bespoke Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Biker

B R Biker

H M Pearson

S J J Biker

REGISTERED OFFICE:

Moor Park

Moor Road

LEYBURN

North Yorkshire

DL8 5LA

REGISTERED NUMBER:

02827132 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

419,595

724,512

419,595

724,512

CURRENT ASSETS

Stocks

6

423,940

292,729

Debtors

7

5,068,187

3,544,560

Cash at bank and in hand

168,674

90,288

5,660,801

3,927,577

CREDITORS

Amounts falling due within one year

8

(6,178,018

)

(4,210,230

)

NET CURRENT LIABILITIES

(517,217

)

(282,653

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,622

)

441,859

CREDITORS

Amounts falling due after more than one
year

9

(20,500

)

(271,103

)

PROVISIONS FOR LIABILITIES

12

(11,293

)

(53,488

)

NET (LIABILITIES)/ASSETS

(129,415

)

117,268

CAPITAL AND RESERVES

Called up share capital

13

5,000

Retained earnings

(134,415

)

112,268

SHAREHOLDERS' FUNDS

(129,415

)

117,268

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

B R Biker - Director

1.	STATUTORY INFORMATION

Biker Bespoke Limited 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.

There were no material departures from that standard.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Any related party transactions were on commercial terms.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the sale of goods and the rendering of services.

Income recognition

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 rendering of services is recognised by reference to the stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Stock is measured on a first in first out basis.

Work in progress

Joinery work in progress is valued at the costs of materials used and labour costs incurred relating to the projects to the year end date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

41,857

AMORTISATION

At 1 January 2024

and 31 December 2024

41,857

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

369,000

466,891

16,658

136,778

989,327

Additions

-

33,420

Disposals

-

(350,000

)

-

(124,000

)

(474,000

)

At 31 December 2024

369,000

116,891

16,658

46,198

548,747

DEPRECIATION

At 1 January 2024

18,979

222,448

13,778

9,610

264,815

Charge for year

7,380

4,358

576

6,718

19,032

Eliminated on disposal

-

(148,495

)

-

(6,200

)

(154,695

)

At 31 December 2024

26,359

78,311

14,354

10,128

129,152

NET BOOK VALUE

At 31 December 2024

342,641

38,580

2,304

36,070

419,595

At 31 December 2023

350,021

244,443

2,880

127,168

724,512

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

350,000

124,000

474,000

Additions

-

33,420

Disposals

(350,000

)

(124,000

)

(474,000

)

At 31 December 2024

-

33,420

DEPRECIATION

At 1 January 2024

148,495

6,200

154,695

Charge for year

-

6,571

Eliminated on disposal

(148,495

)

(6,200

)

(154,695

)

At 31 December 2024

-

6,571

NET BOOK VALUE

At 31 December 2024

-

26,849

At 31 December 2023

201,505

117,800

319,305

6.

STOCKS

2024

2023

as restated

£

Stocks

316,498

237,722

Work-in-progress

107,442

55,007

423,940

292,729

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

Trade debtors

1,377

17,327

Amounts owed by group undertakings

4,698,432

3,204,469

Amounts owed by related undertakings

57

23

Other debtors

368,183

322,603

Prepayments and accrued income

138

5,068,187

3,544,560

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

Bank loans and overdrafts

45,330

123,167

Other loans

48,204

66,423

Hire purchase contracts (see note 10)

4,602

35,901

Trade creditors

81,981

65,757

Amounts owed to group undertakings

5,732,984

3,250,082

Amounts owed to related undertakings

8

4,118

Corporation tax

-

(26

)

Taxation and social security

67,600

74,058

Other creditors

100,375

531,812

Accruals and deferred income

96,934

58,938

6,178,018

4,210,230

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

as restated

£

Bank loans due 1 - 2 years

-

71,973

Bank loans due 2 - 5 years

-

99,807

Other loans due 1 - 2 years

-

48,204

Hire purchase contracts (see note 10)

20,500

51,119

20,500

271,103

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

as restated

£

Net obligations repayable:

Within one year

4,602

35,901

Between one and five years

20,500

51,119

25,102

87,020

Non-cancellable

operating leases

2024

2023

as restated

£

Within one year

8,403

55,291

Between one and five years

4,202

13,559

12,605

68,850

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

Bank overdraft

-

28,003

Bank loans

45,330

266,944

Hire purchase contracts

25,102

87,020

Other loans

48,204

114,627

118,636

496,594

The loan is repayable over five years and attracts interest at 3.6% plus Bank of England base rate interest.

The loan and overdraft are currently secured/guaranteed by:

a) a charge dated 5 May 2017,

b) fixed and floating charges over assets held by the company.

The hire purchase creditors are secured against the assets on which they relate.

Other loans from Enterprise Ventures are secured on the company's assets. In addition, directors have given a personal guarantee limited to £250,000 being £125,000 per loan agreement.

The mortgage is secured by:

a) a charge dated 5 May 2017,

b) a charge over the property.

The hire purchase creditors are secured against the assets on which they relate.

12.	PROVISIONS FOR LIABILITIES

2024

2023

as restated

£

Deferred tax

11,293

53,488

Deferred

tax

£

Balance at 1 January 2024

53,488

Accelerated capital allowances

(42,195

)

Balance at 31 December 2024

11,293

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

3,000

Ordinary

£1

3,000

1,000

A Ordinary

£1

1,000

B Ordinary

£1

1,000

5,000

Ordinary shares have full voting rights, full dividend rights and are non-redeemable.

Ordinary A shares have full dividend rights and are non-redeemable.

Ordinary B shares have full dividend rights and are non-redeemable.

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

15.	CONTINGENT LIABILITIES

The company has a £1,000,000 group overdraft arrangement held with Biker Group Concrete Ltd, AWB Autos Limited, Biker Group Haulage and Aggregates Ltd, Biker Group Construction Ltd, Biker Group Holdings Ltd and Biker Group Construction Ltd. As at the year end the group facility is not overdrawn.

16.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

as restated

£

A W Biker

Balance outstanding at start of year

-

411,757

Amounts advanced

-

458,243

Amounts repaid

-

(870,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

B R Biker

Balance outstanding at start of year

61,274

107,086

Amounts advanced

21,352

-

Amounts repaid

-

(45,812

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

82,626

61,274

S J J Biker

Balance outstanding at start of year

-

25,308

Amounts repaid

-

(25,308

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M A Biker

Balance outstanding at start of year

-

(35,775

)

Amounts advanced

-

168,345

Amounts repaid

-

(132,570

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Interest has been charged at 2.25%.

17.	ULTIMATE PARENT COMPANY

The ultimate parent company is Biker Group Holdings Limited, a company registered in England and Wales. The registered office is Moor Park, Moor Road, Leyburn, North Yorkshire, DL8 5LA.