Business Bicycles Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06463661 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Business Bicycles Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Totty

REGISTERED OFFICE:

Kemp House

160 City Road

London

EC1V 2NX

REGISTERED NUMBER:

06463661 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

Level 7, Tower 12,

18-22 Bridge Street,

Spinningfields,

Manchester

M3 3BZ

CURRENT ASSETS

Debtors

4

3

3

Cash at bank

64

64

67

67

CREDITORS

Amounts falling due within one year

5

6,340

6,340

NET CURRENT LIABILITIES

(6,273

)

(6,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,273

)

(6,273

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(6,276

)

(6,276

)

SHAREHOLDERS' FUNDS

(6,273

)

(6,273

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2021 and were signed by:

N Totty - Director

1.	STATUTORY INFORMATION

Business Bicycles Ltd is a private company, limited by shares , registered in England and Wales. The 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company relies on the support of its director in order to meet its debts as they fall due. The director has

confirmed his intention to continue this support for the foreseeable future and accordingly has prepared the

financial statements on a going concern basis. The financial statements do not include any adjustments that

would result from the withdrawal of this support.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

3

3

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Directors loan account

6,340

6,340

6.	RELATED PARTY DISCLOSURES

The company is controlled by Mr N J Totty a director and principal shareholder.

At 31st March 2019, £6,340 (2018: £6,340) was due to Mr N J Totty by the company. The balance is interest

free and repayable on demand.