Black Lion Bikes LTD - Filleted accounts

Registered number

08327925

Black Lion Bikes LTD

Filleted Accounts

31 March 2025

Black Lion Bikes LTD
Registered number:		08327925
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		68,125			160,000
Debtors	3	283,968			249,833
Cash at bank and in hand		7,408			5,515
		359,501			415,348

Creditors: amounts falling due within one year	4	(36,375)			(81,912)

Net current assets			323,126			333,436

Total assets less current liabilities			323,126			333,436

Creditors: amounts falling due after more than one year	5		(5,012)			(15,661)



Net assets			318,114			317,775

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			317,114			316,775

Shareholders' funds			318,114			317,775

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J Duncan
Director
Approved by the board on 8 December 2025

Black Lion Bikes LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Trade debtors	1,333		3,673
	Other debtors	282,635		246,160
		283,968		249,833


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	10,648		10,119
	Trade creditors	595		775
	Director current account	675		675
	Taxation and social security costs	23,864		69,778
	Other creditors	593		565
		36,375		81,912


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	5,012		15,661


6	Other information

	Black Lion Bikes LTD is a private company limited by shares and incorporated in England. Its registered office is:
	84 Priory Bridge Road
	Taunton
	Somerset
	TA1 1QA