General Information
Just Pedal Limited is a private company, limited by shares, registered in England and Wales, registration number 07931641, registration address Rest Harrow Barr Lane, Burton Bradstock, Bridport, DT6 4PU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Equipment for Hire |
33.3% Straight Line |
| Plant and Machinery |
20% Straight Line
|
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
20% Straight Line
|
| Computer Equipment |
33.3% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2023 : 4).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Equipment for Hire |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2023 |
16,872 |
|
11,000 |
|
34,331 |
|
4,550 |
|
62,343 |
|
129,096 |
| Additions |
- |
|
- |
|
391 |
|
796 |
|
327,892 |
|
329,079 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
(44,468) |
|
(44,468) |
| At 30 November 2024 |
16,872 |
|
11,000 |
|
34,722 |
|
5,346 |
|
345,767 |
|
413,707 |
| Depreciation |
| At 01 December 2023 |
16,807 |
|
11,000 |
|
3,041 |
|
2,505 |
|
29,932 |
|
63,285 |
| Charge for year |
- |
|
- |
|
1,722 |
|
1,420 |
|
28,761 |
|
31,903 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
(10,817) |
|
(10,817) |
| At 30 November 2024 |
16,807 |
|
11,000 |
|
4,763 |
|
3,925 |
|
47,876 |
|
84,371 |
| Net book values |
| Closing balance as at 30 November 2024 |
65 |
|
- |
|
29,959 |
|
1,421 |
|
297,891 |
|
329,336 |
| Opening balance as at 01 December 2023 |
65 |
|
- |
|
31,290 |
|
2,045 |
|
61,615 |
|
95,015 |
The net book value of Equipment for Hire includes £ 297,891 (2023 £32,411) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Stocks
|
2024
£ |
|
2023
£ |
| Stocks |
29,892 |
|
46,742 |
|
29,892 |
|
46,742 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
18,112 |
|
27,419 |
| Prepayments & Accrued Income |
0 |
|
557 |
| Corporation tax repayable |
16 |
|
16 |
|
18,128 |
|
27,992 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
393,937 |
|
48,996 |
| Bank Loans & Overdrafts (Secured) |
40,000 |
|
40,000 |
| Bank Loans & Overdrafts |
1,684 |
|
3 |
| Corporation Tax |
1,227 |
|
1,227 |
| PAYE & Social Security |
852 |
|
4,199 |
| Accrued Expenses |
6,133 |
|
0 |
| Deferred Income |
92,638 |
|
36,403 |
| Other Creditors |
1,804 |
|
1,508 |
| Wages & Salaries Control Account |
301 |
|
301 |
| Directors' Current Accounts |
17,909 |
|
9,301 |
| VAT Control Account |
(56,267) |
|
17,847 |
|
500,218 |
|
159,785 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Bank Loans & Overdrafts (secured) |
26,923 |
|
71,538 |
|
26,923 |
|
71,538 |
|
3
|
