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REGISTERED NUMBER: 08358746 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MOTORRAD TOURS LIMITED

MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTORRAD TOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C J Hone





REGISTERED OFFICE: 1 Heol Mostyn
Village Farm Industrial Estate
Pyle
Bridgend
CF33 6BJ





REGISTERED NUMBER: 08358746 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,854 -
Tangible assets 5 3,767 11,817
6,621 11,817

CURRENT ASSETS
Debtors 6 98,143 151,571
Cash at bank and in hand 333,161 341,031
431,304 492,602
CREDITORS
Amounts falling due within one year 7 239,019 279,660
NET CURRENT ASSETS 192,285 212,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,906

224,759

CREDITORS
Amounts falling due after more than one
year

8

(39,128

)

(44,632

)

PROVISIONS FOR LIABILITIES (1,258 ) (2,245 )
NET ASSETS 158,520 177,882

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 148,520 167,882
158,520 177,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)

BALANCE SHEET - continued
31 DECEMBER 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 14 February 2024 and were signed by:





C J Hone - Director


MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Motorrad Tours Limited 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motorcycle equipment - 25% on cost
Fixtures, Fittings & Equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

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 3 (2022 - 3 ) .

MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 4,800
Additions 3,100
At 31 December 2023 7,900
AMORTISATION
At 1 January 2023 4,800
Charge for year 246
At 31 December 2023 5,046
NET BOOK VALUE
At 31 December 2023 2,854
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Motorcycle Fittings Motor Computer
equipment & Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 15,362 8,403 41,463 1,237 66,465
Additions - - - 2,067 2,067
At 31 December 2023 15,362 8,403 41,463 3,304 68,532
DEPRECIATION
At 1 January 2023 13,598 7,988 32,651 411 54,648
Charge for year 673 416 8,292 736 10,117
At 31 December 2023 14,271 8,404 40,943 1,147 64,765
NET BOOK VALUE
At 31 December 2023 1,091 (1 ) 520 2,157 3,767
At 31 December 2022 1,764 415 8,812 826 11,817

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,290 5,903
VAT 6,555 -
Prepayments 83,298 86,168
Rubella Inter Co Account - 59,500
98,143 151,571

MOTORRAD TOURS LIMITED (REGISTERED NUMBER: 08358746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,427 24,199
Tax 31,535 33,627
Social security and other taxes - 383
VAT - 106
Other creditors 199,761 220,145
Accruals and deferred income 1,296 1,200
239,019 279,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,640 5,503
Bank loans - 2-5 years 17,781 17,348
Bank loans more 5 yr by instal 15,707 21,781
39,128 44,632

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,707 21,781