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Company Registration No. 13072635 (England and Wales)
Wicked Bike Repair Ltd Unaudited accounts for the year ended 31 December 2024
Wicked Bike Repair Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wicked Bike Repair Ltd Company Information for the year ended 31 December 2024
Director
Mr U Longo
Company Number
13072635 (England and Wales)
Registered Office
Units 1-28 Echo Building East Bay Lane London E15 2SJ United Kingdom
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
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Wicked Bike Repair Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
6,900 
6,900 
Debtors
4
1,896 
672 
Cash at bank and in hand
21,527 
37,207 
30,323 
44,779 
Creditors: amounts falling due within one year
5
(18,194)
(34,880)
Net current assets
12,129 
9,899 
Net assets
12,129 
9,899 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
12,128 
9,898 
Shareholders' funds
12,129 
9,899 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Mr U Longo Director Company Registration No. 13072635
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Wicked Bike Repair Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Wicked Bike Repair Ltd is a private company, limited by shares, registered in England and Wales, registration number 13072635. The registered office is Units 1-28 Echo Building, East Bay Lane, London, E15 2SJ, United Kingdom.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
846 
- 
Accrued income and prepayments
- 
672 
Other debtors
1,050 
- 
1,896 
672 
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Wicked Bike Repair Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,400 
20,357 
Trade creditors
1,057 
100 
Taxes and social security
2,299 
1,147 
Other creditors
5,565 
6,610 
Loans from directors
4,873 
4,873 
Accruals
1,000 
1,793 
18,194 
34,880 
6
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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