Company Registration No. 6205167 (England and Wales)
TWELVE50 BIKES LIMITED
Unaudited accounts
for the year ended 31 March 2019
TWELVE50 BIKES LIMITED
Unaudited accounts
Contents
TWELVE50 BIKES LIMITED
Company Information
for the year ended 31 March 2019
Directors
M.J. STEADMAN
R.P. MINSHULL
Company Number
6205167 (England and Wales)
Registered Office
102 MAIN STREET
FRODSHAM
CHESHIRE
WA6 7AR
TWELVE50 BIKES LIMITED
Statement of financial position
as at 31 March 2019
Intangible assets
50,000
-
Tangible assets
75,684
81,747
Inventories
245,348
132,117
Cash at bank and in hand
-
1,104
Creditors: amounts falling due within one year
(167,096)
(107,367)
Net current assets
89,286
35,017
Total assets less current liabilities
214,970
116,764
Creditors: amounts falling due after more than one year
(61,327)
(14,036)
Net assets
153,643
102,728
Called up share capital
100
100
Capital redemption reserve
50,000
-
Profit and loss account
103,543
102,628
Shareholders' funds
153,643
102,728
For the year ending 31 March 2019 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.
Approved by the Board on 16 October 2018.
R.P. MINSHULL
Director
Company Registration No. 6205167
TWELVE50 BIKES LIMITED
Notes to the Accounts
for the year ended 31 March 2019
TWELVE50 BIKES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6205167. The registered office is 102 MAIN STREET, FRODSHAM, CHESHIRE, WA6 7AR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
TWELVE50 BIKES LIMITED
Notes to the Accounts
for the year ended 31 March 2019
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
100,380
4,121
25,797
130,298
At 31 March 2019
100,380
4,121
25,797
130,298
At 1 April 2018
25,735
4,120
18,696
48,551
Charge for the year
4,171
-
1,892
6,063
At 31 March 2019
29,906
4,120
20,588
54,614
At 31 March 2019
70,474
1
5,209
75,684
At 31 March 2018
74,645
1
7,101
81,747
Finished goods
245,348
132,117
Accrued income and prepayments
7,500
-
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
12,830
9,836
Trade creditors
146,278
58,036
Taxes and social security
6,188
8,702
Other creditors
1,800
1,800
Loans from directors
-
28,993
9
Creditors: amounts falling due after more than one year
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
TWELVE50 BIKES LIMITED
Notes to the Accounts
for the year ended 31 March 2019
11
Average number of employees
During the year the average number of employees was 5 (2018: 4).
