6920511falseto sale bicycles, spares and repair bicycles2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6920511
The London Bicycle Workshop Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Sheikh Associates Limited
Accountants and Registered Auditors
Regus Business Centre
Cardinal Point, Park Road
Rickmansworth
Herts
WD3 1RE
The London Bicycle Workshop Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Mr P Kielbasa
REGISTERED OFFICE
97-99 Clerkenwell Road
London
EC1R 5BX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6920511
BANKERS
Santander
ACCOUNTANTS
Sheikh Associates Limited
Accountants and Registered Auditors
Regus Business Centre
Cardinal Point, Park Road
Rickmansworth
Herts
WD3 1RE
The London Bicycle Workshop Limited
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The London Bicycle Workshop Limited
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets3739820
CURRENT ASSETS
Stock72,99390,435
Debtors538,05836,998
Cash at bank and in hand13,71110,366
124,762137,799
CREDITORS: Amounts falling due within one year659,07363,314
NET CURRENT ASSETS65,68974,485
TOTAL ASSETS LESS CURRENT LIABILITIES66,42875,305
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account66,42675,303
SHAREHOLDERS' FUNDS66,42875,305
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2025 and signed on their behalf by
.............................
Mr P Kielbasa
Director
The London Bicycle Workshop Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20252024
No.No.
Average number of employees22
The London Bicycle Workshop Limited
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/04/202433,46033,460
Additions253253
At 31/03/202533,71333,713
Depreciation
At 01/04/202432,64032,640
For the year334334
At 31/03/202532,97432,974
Net Book Amounts
At 31/03/2025739739
At 31/03/2024820820
4. STOCK 20252024
££
Stock comprises:
Stock72,99390,435
72,99390,435
5. DEBTORS 20252024
££
Amounts falling due within one year
UK corporation tax2,0842,084
Other debtors26,06025,000
Directors current account9,9149,914
38,05836,998
The London Bicycle Workshop Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
VAT6,9173,820
PAYE control1,9181,754
Salaries and wages control436-
Bank Loan19,16829,168
Trade creditors16,75014,664
Other creditors12,95412,998
Accruals930910
59,07363,314
7. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22