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REGISTERED NUMBER: 09240106 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Chris Walker Motorcycles Ltd

Chris Walker Motorcycles Ltd (Registered number: 09240106)






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


Chris Walker Motorcycles Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr C J Walker





REGISTERED OFFICE: Hine House
25 Regent Street
Nottingham
NG1 5BS





REGISTERED NUMBER: 09240106 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Chartered Accountants
Hine House
25 Regent Street
Nottingham
NG1 5BS

Chris Walker Motorcycles Ltd (Registered number: 09240106)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 441,882 454,289

CURRENT ASSETS
Stocks 1,158,249 997,382
Debtors 5 67,567 29,304
Cash at bank and in hand 190,865 174,339
1,416,681 1,201,025
CREDITORS
Amounts falling due within one year 6 1,269,785 1,140,093
NET CURRENT ASSETS 146,896 60,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,778

515,221

CREDITORS
Amounts falling due after more than
one year

7

(600,297

)

(576,838

)

PROVISIONS FOR LIABILITIES (5,997 ) (4,254 )
NET LIABILITIES (17,516 ) (65,871 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (17,518 ) (65,873 )
SHAREHOLDERS' FUNDS (17,516 ) (65,871 )

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 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.

Chris Walker Motorcycles Ltd (Registered number: 09240106)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Mr C J Walker - Director


Chris Walker Motorcycles Ltd (Registered number: 09240106)

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

1. STATUTORY INFORMATION

Chris Walker Motorcycles 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.

Although the company has been financially affected by the Covid-19 pandemic, and the related restrictions and lockdown periods, it has been able to continue trading and has benefitted from government support as detailed in the section relating to government grants below. In addition its parent company will continue to support its funding requirements for the foreseeable future. These accounts have therefore been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and at varying rates on cost

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 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.


Chris Walker Motorcycles Ltd (Registered number: 09240106)

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

2. ACCOUNTING POLICIES - continued
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.

The provision for deferred tax included in these accounts is £5,997 (2022 £4,254) which arises on accelerated capital allowances.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 237,736 212,574 149,348
Additions - 5,360 312
Disposals - - -
At 28 February 2023 237,736 217,934 149,660
DEPRECIATION
At 1 March 2022 37,574 71,496 78,553
Charge for year 13,537 16,347 14,221
Eliminated on disposal - - -
At 28 February 2023 51,111 87,843 92,774
NET BOOK VALUE
At 28 February 2023 186,625 130,091 56,886
At 28 February 2022 200,162 141,078 70,795

Chris Walker Motorcycles Ltd (Registered number: 09240106)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 79,114 24,172 702,944
Additions 40,908 5,537 52,117
Disposals (28,614 ) - (28,614 )
At 28 February 2023 91,408 29,709 726,447
DEPRECIATION
At 1 March 2022 44,200 16,832 248,655
Charge for year 8,347 2,575 55,027
Eliminated on disposal (19,117 ) - (19,117 )
At 28 February 2023 33,430 19,407 284,565
NET BOOK VALUE
At 28 February 2023 57,978 10,302 441,882
At 28 February 2022 34,914 7,340 454,289

Following a review of the depreciation policy, the depreciation period for Improvements to Property was been increased from 10 to 20 years in the previous year, based on the expected occupation of the premises.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 986 -
Other debtors 66,581 29,304
67,567 29,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,674 11,621
Trade creditors 923,430 899,053
Taxation and social security 13,665 14,704
Other creditors 322,016 214,715
1,269,785 1,140,093

Chris Walker Motorcycles Ltd (Registered number: 09240106)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 25,297 1,838
Other creditors 575,000 575,000
600,297 576,838

8. RELATED PARTY DISCLOSURES

Long term creditors includes a loan of £575,000 (2022 £575,000) from J H Greenwood Ltd which owns 75.1% of the shares in the company. Interest of £24,437 (2022 £24,260) was charged on the loan during the year.