The Bike Surgery Ltd

(Registration number: 12811396)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	556	2,222
Tangible assets	6	18,881	29,397
		19,437	31,619
Current assets
Stocks		-	4,502
Debtors	7	83,455	58,344
Cash at bank and in hand		34,243	5,217
		117,698	68,063
Creditors: Amounts falling due within one year	8	(134,403)	(116,199)
Net current liabilities		(16,705)	(48,136)
Total assets less current liabilities		2,732	(16,517)
Creditors: Amounts falling due after more than one year	8	(120,000)	(75,000)
Net liabilities		(117,268)	(91,517)
Capital and reserves
Called up share capital	9	-	-
Profit and loss account		(117,268)	(91,517)
Total equity		(117,268)	(91,517)

The Bike Surgery Ltd

(Registration number: 12811396)
Balance Sheet as at 30 September 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 24 June 2026 and signed on its behalf by:
 

.........................................

S Atkins
Director

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
157 Whiteladies Road
Bristol
BS8 2RF
England

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company for at least twelve months from the date of approval of the financial statements and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Computer equipment	33% straight line
Finance leased assets	20% straight line
Plant and machinery	20% straight line
Tools and equipment	33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill	Over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are recognised at the transaction price

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leased assets: Lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Leased assets: Lessor

The company has short-term arrangements to lease electric bikes to third parties. Lease income under operating leases is credited to the profit and loss account and the company retains all the risks and rewards of ownership.

Assets held for leasing are recognised in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4

Taxation

No liability for corporation tax arose for the year ended 30 September 2025, nor for the period ended 30 September 2024.

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5	Intangible fixed assets

	Goodwill  £
Cost
At 1 October 2024	5,000
At 30 September 2025	5,000
Amortisation
At 1 October 2024	2,778
Amortisation charge	1,666
At 30 September 2025	4,444
Carrying amount
At 30 September 2025	556
At 30 September 2024	2,222

6	Tangible fixed assets

	Computer equipment  £	Finance leased assets £	Plant and Machinery £	Tools and equipment  £	Total £
Cost
At 1 October 2024	500	19,259	24,730	4,654	49,143
At 30 September 2025	500	19,259	24,730	4,654	49,143
Depreciation
At 1 October 2024	278	9,469	7,552	2,447	19,746
Charge for the year	166	3,852	4,946	1,552	10,516
At 30 September 2025	444	13,321	12,498	3,999	30,262
Carrying amount
At 30 September 2025	56	5,938	12,232	655	18,881
At 30 September 2024	222	9,790	17,178	2,207	29,397

The Bike Surgery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

The net book value of finance leased assets above is £5,938 (2024 - £9,790) in respect of assets held under hire purchase agreements.

7	Debtors: amounts falling due within one year

	Note	2025 £	2024 £
Trade debtors		68,796	25,250
Amounts owed by group undertakings	10	-	17,761
Prepayments		7,659	8,333
Other debtors		7,000	7,000
		83,455	58,344

8

Creditors

	Note	2025 £	2024 £
Amounts falling due within one year
Trade creditors		39,763	13,350
Amounts owed to group undertakings	10	58,052	58,974
Taxation and social security		28,505	16,218
Other creditors		2,206	238
Accruals		5,877	23,542
Hire purchase and finance lease liabilities		-	3,877
		134,403	116,199

	2025 £	2024 £
Due after one year
Loans from group undertakings	120,000	75,000