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Company Registration No. 07604403 (England and Wales)
PI SQUARED BICYCLES LTD. Unaudited accounts for the year ended 30 April 2025
PI SQUARED BICYCLES LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PI SQUARED BICYCLES LTD. Company Information for the year ended 30 April 2025
Directors
ANDREW WAGERER PAULO CARVALHO
Company Number
07604403 (England and Wales)
Registered Office
360A KING STREET LONDON W6 0RX ENGLAND
Accountants
Accounts & Finance Consultants Ltd 1000 Great West Road Brentford London Middlesex TW8 9DW
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PI SQUARED BICYCLES LTD. Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
46,700
56,040
Current assets
Inventories
140,000
140,000
Debtors
5
34,281
12,372
Cash at bank and in hand
1,848
2,662
176,129
155,034
Creditors: amounts falling due within one year
6
(51,362)
(40,100)
Net current assets
124,767
114,934
Total assets less current liabilities
171,467
170,974
Creditors: amounts falling due after more than one year
7
(24,000)
(24,000)
Net assets
147,467
146,974
Capital and reserves
Called up share capital
1,250
1,250
Profit and loss account
146,217
145,724
Shareholders' funds
147,467
146,974
For the year ending 30 April 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
ANDREW WAGERER Director Company Registration No. 07604403
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PI SQUARED BICYCLES LTD. Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PI SQUARED BICYCLES LTD. is a private company, limited by shares, registered in England and Wales, registration number 07604403. The registered office is 360A KING STREET, LONDON, W6 0RX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 year deprecation straight line
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 May 2024
93,400
At 30 April 2025
93,400
Depreciation
At 1 May 2024
37,360
Charge for the year
9,340
At 30 April 2025
46,700
Net book value
At 30 April 2025
46,700
At 30 April 2024
56,040
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
273
-
Trade debtors
10,819
(10,817)
Other debtors
23,189
23,189
34,281
12,372
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PI SQUARED BICYCLES LTD. Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
18,432
VAT
-
4,217
Trade creditors
62,867
13,567
Taxes and social security
5,921
7,204
Other creditors
(9,867)
(22,326)
Loans from directors
(7,559)
19,006
51,362
40,100
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
24,000
24,000
8
Average number of employees
During the year the average number of employees was 3 (2024: 4).
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