REGISTERED NUMBER: 03299041 (England and Wales)

Unaudited Financial Statements

for the Year Ended 25th February 2025

for

POWERBIKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

B J Gray

Registered office:

1 Kille House

Chinnor Road

Thame

Oxfordshire

OX9 3NU

Registered number:

03299041 (England and Wales)

Accountants:

S G Beale and Co

Chartered Accountants

1 Kille House

Chinnor Road

Thame

Oxfordshire

OX9 3NU

Bankers:

Metro Bank Plc

One Southampton Row

London

WC1B 5HA

FIXED ASSETS

11,472

Tangible assets

4

10,059

CURRENT ASSETS

284,448

Stocks

5

169,448

103,899

Debtors

6

111,131

19,995

Cash at bank

15,449

408,342

296,028

CREDITORS

255,468

Amounts falling due within one year

7

194,459

152,874

NET CURRENT ASSETS

101,569

164,346

TOTAL ASSETS LESS CURRENT LIABILITIES

111,628

CAPITAL AND RESERVES

500

Called up share capital

500

163,846

Retained earnings

8

111,128

164,346

SHAREHOLDERS' FUNDS

111,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2025 and were signed by:

B J Gray - Director

1.	STATUTORY INFORMATION

Powerbiking Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Plant and equipment

-

at varying rates on cost

Furniture & fixtures

-

20% on cost

Motor vehicles

-

25% on written down values

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Furniture

Motor

Totals

leasehold

equipment

& fixtures

vehicles

£

£

£

£

£

Cost

At 26th February 2024

294,502

185,490

59,839

16,393

32,780

Additions

1,107

-

958

149

-

At 25th February 2025

295,609

185,490

60,797

16,542

32,780

Depreciation

At 26th February 2024

283,030

185,490

53,841

15,266

28,433

Charge for year

2,520

-

1,123

310

1,087

At 25th February 2025

285,550

185,490

54,964

15,576

29,520

Net book value

At 25th February 2025

10,059

-

5,833

966

3,260

At 25th February 2024

11,472

-

5,998

1,127

4,347

5.

STOCKS

2025

2024

£

£

Stocks

169,448

284,448

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,059

Amounts owed by associates

77,121

69,028

Sundry debtors and prepayments

34,010

33,812

111,131

103,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,208

-

Trade creditors

104,606

197,502

Corporation tax

(2,167

)

(2,167

)

Social security and other taxes

2,940

5,673

VAT

7,822

3,412

Directors' current accounts

18,537

148

Accruals and sundry creditors

25,513

50,900

194,459

255,468

8.

RESERVES

Retained

earnings

£

At 26th February 2024

163,846

Deficit for the year

(52,718

)

At 25th February 2025

111,128

9.	RELATED PARTY DISCLOSURES

The controlling party is B J Gray.