Company Registration No. 6205167 (England and Wales)
TWELVE50 BIKES LIMITED
Unaudited accounts
for the year ended 31 March 2021
TWELVE50 BIKES LIMITED
Unaudited accounts
Contents
TWELVE50 BIKES LIMITED
Company Information
for the year ended 31 March 2021
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 2021
Intangible assets
50,000
50,000
Tangible assets
82,420
69,621
Inventories
218,701
223,538
Cash at bank and in hand
141,440
2,154
Creditors: amounts falling due within one year
(132,022)
(139,763)
Net current assets
228,119
89,391
Total assets less current liabilities
360,539
209,012
Creditors: amounts falling due after more than one year
(90,417)
(55,654)
Net assets
270,122
153,358
Called up share capital
100
100
Capital redemption reserve
50,000
50,000
Profit and loss account
220,022
103,258
Shareholders' funds
270,122
153,358
For the year ending 31 March 2021 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 director acknowledges his 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 and authorised for issue on 26 November 2021 and were signed on its behalf by
R.P. MINSHULL
Director
Company Registration No. 6205167
TWELVE50 BIKES LIMITED
Notes to the Accounts
for the year ended 31 March 2021
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 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
100,380
-
4,121
25,797
130,298
Additions
3,286
14,963
-
613
18,862
At 31 March 2021
103,666
14,963
4,121
26,410
149,160
At 1 April 2020
34,077
-
4,120
22,480
60,677
Charge for the year
4,171
-
-
1,892
6,063
At 31 March 2021
38,248
-
4,120
24,372
66,740
At 31 March 2021
65,418
14,963
1
2,038
82,420
At 31 March 2020
66,303
-
1
3,317
69,621
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
15,237
5,673
Trade creditors
73,428
121,274
Taxes and social security
41,557
11,016
Other creditors
1,800
1,800
8
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).
