Registration number: 06733506

Central Bikes Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Central Bikes Limited

Company Information

Directors

Mr Dan Rose Mrs Nicole Rose

Registered office

15 Shepherds Bush Road Hammersmith London W6 7LX

Accountants

Delphi Accounting Ltd Chartered Tax Advisers3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

Central Bikes Limited

(Registration number: 06733506)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	820,797	850,490
Current assets
Stocks	5	516,071	479,895
Debtors	6	53,175	42,499
Cash at bank and in hand		61,836	82,804
		631,082	605,198
Creditors: Amounts falling due within one year	7	(537,816)	(507,989)
Net current assets		93,266	97,209
Total assets less current liabilities		914,063	947,699
Creditors: Amounts falling due after more than one year	7	(449,984)	(472,124)
Provisions for liabilities		(4,308)	(6,667)
Net assets		459,771	468,908
Capital and reserves
Called up share capital	8	50,000	50,000
Retained earnings		409,771	418,908
Shareholders' funds		459,771	468,908

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:
 

......................................... Mr Dan Rose Director

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
15 Shepherds Bush Road
Hammersmith
London
W6 7LX

These financial statements were authorised for issue by the Board on 9 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance
Freehold property	2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 6).

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 April 2024	960,959	49,938	24,121	24,113
Additions	-	-	400	346
At 31 March 2025	960,959	49,938	24,521	24,459
Depreciation
At 1 April 2024	155,063	45,384	15,435	20,919
Charge for the year	19,188	1,139	2,213	859
At 31 March 2025	174,251	46,523	17,648	21,778
Carrying amount
At 31 March 2025	786,708	3,415	6,873	2,681
At 31 March 2024	805,896	4,554	8,686	3,194

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	76,715	1,135,846
Additions	-	746
At 31 March 2025	76,715	1,136,592
Depreciation
At 1 April 2024	48,555	285,356
Charge for the year	7,040	30,439
At 31 March 2025	55,595	315,795
Carrying amount
At 31 March 2025	21,120	820,797
At 31 March 2024	28,160	850,490

Included within the net book value of land and buildings above is £786,708 (2024 - £805,896) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	516,071	479,895

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	11,415
Prepayments	37,944	25,223
Other debtors	15,231	5,861
	53,175	42,499

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	37,024	76,827
Trade creditors		458,680	311,921
Taxation and social security		27,334	107,798
Accruals and deferred income		-	2,100
Other creditors		14,778	9,343
		537,816	507,989

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	449,984	472,124

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	50,000	50,000	50,000	50,000

Central Bikes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	449,984	472,124

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	37,024	76,827

10	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £509,406 (2024 - £548,951). National Westminster holds a fixed and floating charge over the trade and assets of the company in relation to these balances.

11	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr D & Mrs N Rose	(2,123)	(14,107)	22,340	6,110

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr D & Mrs N Rose	(53,225)	(40,585)	91,687	(2,123)