The Yellow Bike Company Ltd - Accounts to registrar (filleted) - small 18.2
The Yellow Bike Company Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
THE YELLOW BIKE COMPANY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
THE YELLOW BIKE COMPANY LTD (REGISTERED NUMBER: 06922927) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE YELLOW BIKE COMPANY LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
THE YELLOW BIKE COMPANY LTD (REGISTERED NUMBER: 06922927) |
BALANCE SHEET |
31 OCTOBER 2019 |
2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
THE YELLOW BIKE COMPANY LTD (REGISTERED NUMBER: 06922927) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
1. | STATUTORY INFORMATION |
The Yellow Bike Company Ltd is a |
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 "The Financial Reporting Standards |
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 |
as applicable to companies subject to the small companies regime. |
The disclosure requirements of section 1A of FRS 102 have been applied other than where additional |
disclosure is required to show a true and far view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £1. |
The financial statements have been prepared under the historical cost convention, modified to include certain |
financial instruments at fair value. The principal accounting policies adopted are set out below. |
At the balance sheet date the company has net liabilities, and is dependent upon the support of the directors to |
continue trading. The directors have indicated their support will continue for a period of at least 12 months |
from the date of signing these financial statements, and as such the going concern basis has been used. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds |
and the carrying value of the asset and is recognised in the income statement. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Financial assets |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial assets are recognised in the company's statement of financial position when the company becomes |
party to the contractual provisions of the instrument. |
Basic financial assets, which include trade and other receivables and cash and bank balances are initially |
measured at transaction price including transaction costs and are subsequently carried at amortised cost using |
the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction |
is measured at the present value of the future receipts discounted at a market rate of interest. |
THE YELLOW BIKE COMPANY LTD (REGISTERED NUMBER: 06922927) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
2. | ACCOUNTING POLICIES - continued |
Financial liabilities |
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price |
and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where |
the debt instrument is measured at the present value of the future receipts discounted at a market rate of |
interest. |
Equity instruments |
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct |
issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the |
discretion of the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2018 |
Additions |
At 31 October 2019 |
DEPRECIATION |
At 1 November 2018 |
Charge for year |
At 31 October 2019 |
NET BOOK VALUE |
At 31 October 2019 |
At 31 October 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
THE YELLOW BIKE COMPANY LTD (REGISTERED NUMBER: 06922927) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
6. | RELATED PARTY DISCLOSURES |
E Darlington |
Wife of P R C Darlington. |
At the balance sheet date the company owed £41,300 (2018: £26,700). |
No interest is charged on this loan. |
7. | POST BALANCE SHEET EVENTS |
COVID-19 and its effects on the business represent a non-adjusting post balance sheet event. |