Company registration number 9295016 (England and Wales)
REID BIKES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
REID BIKES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
REID BIKES LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,111
45,108
Current assets
Stocks
86,784
96,602
Debtors
4
662,061
1,546,700
Cash at bank and in hand
300,579
314,475
1,049,424
1,957,777
Creditors: amounts falling due within one year
5
(707,978)
(1,755,318)
Net current assets
341,446
202,459
Total assets less current liabilities
373,557
247,567
Provisions for liabilities
(8,028)
(11,277)
Net assets
365,529
236,290
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
365,429
236,190
Total equity
365,529
236,290

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
Mr R A Akam
Director
Company registration number 9295016 (England and Wales)
REID BIKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Reid Bikes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Coy Pond Business Paek, Ingworth Road, Poole, Dorset, UK, BH12 1JY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods provided to customers net of value added tax and other sales taxes. Revenue is recognised when significant risks and rewards of ownership of the goods have passed to the buyer (usually on shipment).

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% on cost
Office equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes the purchase price and any directly attributable costs of bringing the goods to their present location and condition. Provision is made where necessary for obsolete, slow-moving, or defective stocks.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

REID BIKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

REID BIKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
13
REID BIKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
84,169
Additions
11,117
At 30 June 2025
95,286
Depreciation and impairment
At 1 July 2024
39,061
Depreciation charged in the year
24,114
At 30 June 2025
63,175
Carrying amount
At 30 June 2025
32,111
At 30 June 2024
45,108
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
627,607
1,484,130
Other debtors
34,454
62,570
662,061
1,546,700
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
27,661
41,269
Amounts owed to associated undertakings
37,099
9,035
Taxation and social security
400,597
373,190
Other creditors
271,331
1,331,824
736,688
1,755,318
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
REID BIKES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
48,167
82,167
2025-06-30 2024-07-01 false false false 22 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R A Akam Mr B C Reid Mr J A Reid 9295016 2024-07-01 2025-06-30 9295016 2025-06-30 9295016 2024-06-30 9295016 core:OtherPropertyPlantEquipment 2025-06-30 9295016 core:OtherPropertyPlantEquipment 2024-06-30 9295016 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 9295016 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 9295016 core:WithinOneYear 2025-06-30 9295016 core:WithinOneYear 2024-06-30 9295016 core:CurrentFinancialInstruments 2025-06-30 9295016 core:CurrentFinancialInstruments 2024-06-30 9295016 core:ShareCapital 2025-06-30 9295016 core:ShareCapital 2024-06-30 9295016 core:RetainedEarningsAccumulatedLosses 2025-06-30 9295016 core:RetainedEarningsAccumulatedLosses 2024-06-30 9295016 core:ShareCapitalOrdinaryShareClass1 2025-06-30 9295016 core:ShareCapitalOrdinaryShareClass1 2024-06-30 9295016 bus:Director1 2024-07-01 2025-06-30 9295016 core:PlantMachinery 2024-07-01 2025-06-30 9295016 core:FurnitureFittings 2024-07-01 2025-06-30 9295016 2023-07-01 2024-06-30 9295016 core:OtherPropertyPlantEquipment 2024-06-30 9295016 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 9295016 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 9295016 bus:OrdinaryShareClass1 2025-06-30 9295016 bus:OrdinaryShareClass1 2024-06-30 9295016 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 9295016 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 9295016 bus:FRS102 2024-07-01 2025-06-30 9295016 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 9295016 bus:Director2 2024-07-01 2025-06-30 9295016 bus:Director3 2024-07-01 2025-06-30 9295016 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP