Company Registration No. 07161335 (England and Wales)
NSA Motorcycles Limited
Unaudited accounts
for the year ended 28 February 2023
NSA Motorcycles Limited
Unaudited accounts
Contents
NSA Motorcycles Limited
Company Information
for the year ended 28 February 2023
Director
Nicholas James Avery
Company Number
07161335 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
England
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
NSA Motorcycles Limited
Statement of financial position
as at 28 February 2023
Tangible assets
1,141
1,427
Cash at bank and in hand
7,356
8,590
Creditors: amounts falling due within one year
(20,099)
(20,722)
Net current liabilities
(4,318)
(4,137)
Net liabilities
(3,177)
(2,710)
Called up share capital
1
1
Profit and loss account
(3,178)
(2,711)
Shareholders' funds
(3,177)
(2,710)
For the year ending 28 February 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 8 November 2023 and were signed on its behalf by
Nicholas James Avery
Director
Company Registration No. 07161335
NSA Motorcycles Limited
Notes to the Accounts
for the year ended 28 February 2023
NSA Motorcycles Limited is a private company, limited by shares, registered in England and Wales, registration number 07161335. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR, England. The principal place of business is 8 Upper Olland Street, Bungay, Suffolk, NR35 1BG, England.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
NSA Motorcycles Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
3,868
3,732
2,827
10,427
At 28 February 2023
3,868
3,732
2,827
10,427
At 1 March 2022
3,329
3,309
2,362
9,000
Charge for the year
108
85
93
286
At 28 February 2023
3,437
3,394
2,455
9,286
At 28 February 2023
431
338
372
1,141
At 28 February 2022
539
423
465
1,427
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
20,099
20,403
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).