Company Registration No. 6205167 (England and Wales)
TWELVE50 BIKES LIMITED
Unaudited accounts
for the year ended 31 March 2023
TWELVE50 BIKES LIMITED
Unaudited accounts
Contents
TWELVE50 BIKES LIMITED
Company Information
for the year ended 31 March 2023
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 2023
Intangible assets
50,000
50,000
Tangible assets
67,052
86,332
Inventories
485,755
393,671
Cash at bank and in hand
20,688
10,974
Creditors: amounts falling due within one year
(171,094)
(143,891)
Net current assets
355,698
260,754
Net assets
472,750
397,086
Called up share capital
100
100
Capital redemption reserve
5,293
25,713
Profit and loss account
467,357
371,273
Shareholders' funds
472,750
397,086
For the year ending 31 March 2023 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 23 April 2023 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 2023
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 2023
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 2022
103,666
24,938
4,121
26,410
159,135
Disposals
-
(14,963)
-
-
(14,963)
At 31 March 2023
103,666
9,975
4,121
26,410
144,172
At 1 April 2022
42,419
-
4,120
26,264
72,803
Charge for the year
4,171
-
-
146
4,317
At 31 March 2023
46,590
-
4,120
26,410
77,120
At 31 March 2023
57,076
9,975
1
-
67,052
At 31 March 2022
61,247
24,938
1
146
86,332
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
129,159
92,454
Taxes and social security
35,953
39,838
Loans from directors
5,982
5,982
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 5 (2022: 5).
