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REGISTERED NUMBER: 01250815















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Haines & Co. (Motor Cycles) Limited

Haines & Co. (Motor Cycles) Limited (Registered number: 01250815)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haines & Co. (Motor Cycles) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A R Moore
Mrs R L Moore





SECRETARY: Mrs R L Moore





REGISTERED OFFICE: 125 High Street
Cinderford
Gloucestershire
GL14 2TB





REGISTERED NUMBER: 01250815





ACCOUNTANTS: Golden Valley Accountancy Limited
Unit 4
Westwood Industrial Estate
Pontrilas
Herefordshire
HR2 0EL

Haines & Co. (Motor Cycles) Limited (Registered number: 01250815)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,196 128,917

CURRENT ASSETS
Stocks 66,394 94,015
Debtors 5 1,953 3,796
Cash at bank and in hand 12,454 25,804
80,801 123,615
CREDITORS
Amounts falling due within one year 6 36,839 61,838
NET CURRENT ASSETS 43,962 61,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,158

190,694

CREDITORS
Amounts falling due after more than
one year

7

138,754

146,346
NET ASSETS 34,404 44,348

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 34,204 44,148
34,404 44,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Haines & Co. (Motor Cycles) Limited (Registered number: 01250815)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by Mr. A. Moore the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mr A R Moore - Director


Haines & Co. (Motor Cycles) Limited (Registered number: 01250815)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Haines & Co. (Motor Cycles) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Haines & Co. (Motor Cycles) Limited (Registered number: 01250815)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 115,035 44,969 160,004
Additions - 5,000 5,000
At 28 February 2023 115,035 49,969 165,004
DEPRECIATION
At 1 March 2022 - 31,087 31,087
Charge for year - 4,721 4,721
At 28 February 2023 - 35,808 35,808
NET BOOK VALUE
At 28 February 2023 115,035 14,161 129,196
At 28 February 2022 115,035 13,882 128,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 92 686
Other debtors 1,861 3,110
1,953 3,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,964 21,742
Trade creditors 17,295 28,906
Taxation and social security 2,765 3,315
Other creditors 6,815 7,875
36,839 61,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 138,754 146,346