REGISTERED NUMBER: 03536562 (England and Wales)

BIKERS CLEARANCE WORLD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Harding

REGISTERED OFFICE:

Lichfield Road

Coleshill

Birmingham

West Midlands

B46 1NU

REGISTERED NUMBER:

03536562 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

201,551

133,466

CURRENT ASSETS

Stocks

922,463

818,789

Debtors

5

71,357

55,202

Cash at bank

105,367

64,914

1,099,187

938,905

CREDITORS

Amounts falling due within one year

6

531,293

288,798

NET CURRENT ASSETS

567,894

650,107

TOTAL ASSETS LESS CURRENT LIABILITIES

769,445

783,573

CREDITORS

Amounts falling due after more than one year

7

(167,403

)

(82,552

)

PROVISIONS FOR LIABILITIES

(48,603

)

(31,434

)

NET ASSETS

553,439

669,587

CAPITAL AND RESERVES

Called up share capital

555

555

Capital redemption reserve

500

500

Retained earnings

552,384

668,532

SHAREHOLDERS' FUNDS

553,439

669,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 November 2025 and were signed by:

J Harding - Director

1.	STATUTORY INFORMATION

Bikers Clearance World 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

413,670

Additions

152,050

Disposals

(122,639

)

At 31 March 2025

443,081

DEPRECIATION

At 1 April 2024

280,204

Charge for year

73,806

Eliminated on disposal

(112,480

)

At 31 March 2025

241,530

NET BOOK VALUE

At 31 March 2025

201,551

At 31 March 2024

133,466

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

Plant and

machinery

etc

£

COST

At 1 April 2024

190,099

Additions

150,630

Disposals

(71,317

)

At 31 March 2025

269,412

DEPRECIATION

At 1 April 2024

98,561

Charge for year

58,162

Eliminated on disposal

(61,797

)

At 31 March 2025

94,926

NET BOOK VALUE

At 31 March 2025

174,486

At 31 March 2024

91,538

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,085

16,149

Other debtors

53,272

39,053

71,357

55,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

27,018

13,113

Trade creditors

394,752

139,172

Taxation and social security

28,793

65,664

Other creditors

80,730

70,849

531,293

288,798

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

167,403

82,552

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

27,018

13,113

Between one and five years

167,403

82,552

194,421

95,665

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

52,125

53,643

Between one and five years

-

2,125

52,125

55,768

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

194,421

95,665

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Harding.