ACCOUNTS - Final Accounts preparation

FLYBIKEFLY.COM LIMITED - Company Information

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Registered number: 08550848

FLYBIKEFLY.COM Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2019

FLYBIKEFLY.COM Limited

Registered number: 08550848

Balance Sheet

As at 31 May 2019

		2019		2018
Note		£		£



Creditors: amounts falling due within one year	4	(2,175)		(2,175)
Net current liabilities			(2,175)		(2,175)
Total assets less current liabilities			(2,175)		(2,175)

Net liabilities			(2,175)		(2,175)

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(2,275)	(2,275)
		(2,175)	(2,175)

For the year ended 31 May 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

B J Warrillow

Director

Date: 27 February 2020

The notes on pages 2 to 4 form part of these financial statements.

Page 1

FLYBIKEFLY.COM Limited

Notes to the Financial Statements

For the Year Ended 31 May 2019

1.	General information

Flybikefly.com Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Woodward Avenue, Westerleigh Business Park, Yate, Bristol, Avon, BS37 5YS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

In 2017, the company ceased to trade and became dormant. The debts outstanding are to fellow group undertakings who do not intend to call upon this debt. As such the accounts are stated on a going concern basis. Should this underlying support be withdrawn it may be necessary to prepare the accounts on a break up basis.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

5-7 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

FLYBIKEFLY.COM Limited

Notes to the Financial Statements

For the Year Ended 31 May 2019

3.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 June 2018	9,291
	At 31 May 2019	9,291
	Depreciation
	At 1 June 2018	9,291
	At 31 May 2019	9,291
	Net book value
	At 31 May 2019	-
	At 31 May 2018	-

4.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

	Amounts owed to group undertakings	2,175	2,175

5.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

100 (2018 -100) Ordinary shares of £1.00 each	100	100

6.	Related party transactions
	In accordance with FRS 102 Section 1A Appendix C.35, the company has taken advantage of the exemption to not disclose transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

Page 3

FLYBIKEFLY.COM Limited

Notes to the Financial Statements

For the Year Ended 31 May 2019

7.	Controlling party

At the start of the period, the company was wholly controlled by David Hathaway Holdings Limited.
On 5 April 2019, the entire issued share capital of the company was acquired by Kinaxia Transport and Warehousing Limited. As a result, the compay's immediate parent undertaking is Kinaxia Transport and Warehousing Limited, a company registered in England and Wales.
Kinaxia Transport and Warehousing Limited is a wholly owned subsidiary of Kinaxia Limited. The company's ultimate parent undertaking is therefore Kinaxa Limited, a company registered in England and Wales, company number 07466536. There is no overall controlling party of Kinaxia Limited.

Page 4