Company Registration No. 8973310 (England and Wales)
Not Your Average Bikes Limited
Unaudited accounts
for the year ended 30 April 2020
Not Your Average Bikes Limited
Unaudited accounts
Contents
Not Your Average Bikes Limited
Company Information
for the year ended 30 April 2020
Directors
Mr J Spencer
Mr J Dewart
Company Number
8973310 (England and Wales)
Registered Office
Unit 4 RCM Business Centre
Dewsbury Road
Ossett
West Yorkshire
WF5 9ND
Accountants
Simpson Accounting Services
38 Kellington Lane
Eggborough
North Yorkshire
DN14 0LB
Not Your Average Bikes Limited
Statement of financial position
as at 30 April 2020
Tangible assets
70,004
55,292
Inventories
141,463
56,665
Cash at bank and in hand
(2,089)
(9,177)
Creditors: amounts falling due within one year
(151,966)
(72,452)
Net current assets/(liabilities)
2,668
(27,856)
Called up share capital
100
100
Profit and loss account
72,572
27,336
Shareholders' funds
72,672
27,436
For the year ending 30 April 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2020 and were signed on its behalf by
Mr J Spencer
Director
Company Registration No. 8973310
Not Your Average Bikes Limited
Notes to the Accounts
for the year ended 30 April 2020
Not Your Average Bikes Limited is a private company, limited by shares, registered in England and Wales, registration number 8973310. The registered office is Unit 4 RCM Business Centre, Dewsbury Road, Ossett, West Yorkshire, WF5 9ND.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. No Depreciation is provided in the year of purchase:
Not Your Average Bikes Limited
Notes to the Accounts
for the year ended 30 April 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2019
23,806
16,672
14,250
2,035
1,284
58,047
Additions
5,212
7,535
18,658
-
-
31,405
Disposals
-
-
(14,250)
-
-
(14,250)
At 30 April 2020
29,018
24,207
18,658
2,035
1,284
75,202
At 1 May 2019
-
2,512
-
-
243
2,755
Charge for the year
-
1,828
-
407
208
2,443
At 30 April 2020
-
4,340
-
407
451
5,198
At 30 April 2020
29,018
19,867
18,658
1,628
833
70,004
At 30 April 2019
23,806
14,160
14,250
2,035
1,041
55,292
Finished goods
141,463
56,665
Trade debtors
15,260
(2,892)
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
58,983
30,148
Trade creditors
16,864
12,961
Taxes and social security
18,018
7,598
Loans from directors
56,076
12,857
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2019: 2).
