PRACTICAL_BIKES_LIMITED - Accounts


Company Registration Number 07560852 (England and Wales)
PRACTICAL BIKES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
PRACTICAL BIKES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
£
£
£
£
Fixed assets
15,419
11,476
Current assets
1,827
1,217
Prepayments and accrued income
252
464
Creditors: amounts falling due within one year
(27,336)
(30,064)
Net current liabilities
(25,257)
(28,383)
Total assets less current liabilities
(9,838)
(16,907)
Creditors: amounts falling due after more than one year
(3,966)
-
Accruals and deferred income
(2,597)
(2,150)
Net liabilities
(16,401)
(19,057)
Capital and reserves
(16,401)
(19,057)
PRACTICAL BIKES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2017
31 March 2017
- 2 -

Practical Bikes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stevant Way, Northgate, White Lund Industrial Estate, Morecambe, LA3 3PA.

 

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

 

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 £.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 December 2017 and are signed on its behalf by:
Ms S B Lambert
Director
Company Registration Number 07560852
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