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REGISTERED NUMBER: 01774376 (England and Wales)














REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 5

Notes to the Consolidated Financial Statements 6


AMATEUR MOTOR CYCLE ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr M C Brettle
Mr M D Fry
Mr D Morris
Mr M J Penn
Mr C E Price
Mr J Williams





REGISTERED OFFICE: Hyland House
Unit 28 Navigation Way
Cannock
Staffordshire
WS11 7XU





REGISTERED NUMBER: 01774376 (England and Wales)





ACCOUNTANT: Richards Associates Limited
North Lodge
Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

Mr M C Brettle
Mr M D Fry
Mr D Morris
Mr M J Penn
Mr C E Price
Mr J Williams

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M J Penn - Director


13 February 2024

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2023

31.10.22 31.10.23
£    Notes £   

1,178,503 TURNOVER 1,138,957

(1,231,254 ) Administrative expenses (1,350,423 )
(52,751 ) (211,466 )

55,976 Other operating income 42,917
3,225 OPERATING (DEFICIT)/SURPLUS 4 (168,549 )

2,309 Interest receivable and similar income 13,607
5,534 (DEFICIT)/SURPLUS BEFORE
TAXATION

(154,942

)

(3,659 ) Tax on (deficit)/surplus (1,981 )
1,875 (DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(156,923

)

(Deficit)/surplus attributable to:
1,875 Owners of the parent (156,923 )

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

CONSOLIDATED BALANCE SHEET
31 OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
482,813 Tangible assets 6 493,476
739 Investments 7 1,053
483,552 494,529

CURRENT ASSETS
128,454 Stocks 8 73,672
162,114 Debtors 9 139,798
1,204,239 Cash at bank and in hand 999,563
1,494,807 1,213,033
CREDITORS
274,045 Amounts falling due within one year 10 160,171
1,220,762 NET CURRENT ASSETS 1,052,862
1,704,314 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,547,391

RESERVES
316,252 Other reserves 316,252
1,388,062 Income and expenditure account 1,231,139
1,704,314 1,547,391

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's surplus or deficit 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 and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mr M J Penn - Director


AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

COMPANY BALANCE SHEET
31 OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
482,813 Tangible assets 6 493,476
741 Investments 7 1,055
483,554 494,531

CURRENT ASSETS
1,259,441 Debtors 9 1,231,721

CREDITORS
154,030 Amounts falling due within one year 10 154,032
1,105,411 NET CURRENT ASSETS 1,077,689
1,588,965 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,572,220

RESERVES
316,252 Other reserves 316,252
1,272,713 Income and expenditure account 1,255,968
1,588,965 1,572,220

(15,511 ) Company's loss for the financial year (16,745 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





Mr M J Penn - Director


AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Amateur Motor Cycle Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the General 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 as modified by the revaluation of certain assets.

The financial statements cover the group, and have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on the assumption that the group is able to carry on business as a going concern, which the directors consider appropriate having regard to the group's current and expected performance.

Basis of consolidation
The consolidated financial statements incorporate those of Amateur Motor Cycle Association Limited and it's subsidiary undertakings for the year. All financial statements are made up to 31 October.

All intra-group transactions, balances and unrealized gains on transactions between group companies are eliminated on consolidation.

The parent company has not presented it profit and loss account as provided by section 408 of the Companies Act 2006.

The group has also taken exemption under s405(2) Companies Act 2006 not to include a dormant subsidiary undertaking in the consolidation.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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.
Freehold property - 2% on cost
Vehicles, garage and scramble equipment - 25% on cost
Computer equipment - 20% on cost
Office equipment - 10% on cost
Water pumps - 25% on reducing balance

Fixed asset investments are revalued on an open market basis every three years.

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

2. ACCOUNTING POLICIES - continued

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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

3. EMPLOYEES AND DIRECTORS

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

The average number of employees by undertakings that were proportionately consolidated during the year was 6 (2022 - 4 ) .

4. OPERATING (DEFICIT)/SURPLUS

The operating deficit (2022 - operating surplus) is stated after charging:

31.10.23 31.10.22
£    £   
Depreciation - owned assets 17,126 15,007

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

6. TANGIBLE FIXED ASSETS

Group
Vehicles,
garage
and
Freehold scramble
Totals property equipment
£    £    £   
COST
At 1 November 2022 1,149,461 627,622 171,932
Additions 27,789 - 27,789
At 31 October 2023 1,177,250 627,622 199,721
DEPRECIATION
At 1 November 2022 666,648 160,478 163,985
Charge for year 17,126 7,400 6,635
At 31 October 2023 683,774 167,878 170,620
NET BOOK VALUE
At 31 October 2023 493,476 459,744 29,101
At 31 October 2022 482,813 467,144 7,947

Computer Office Water
equipment equipment pumps
£    £    £   
COST
At 1 November 2022 262,319 73,102 14,486
Additions - - -
At 31 October 2023 262,319 73,102 14,486
DEPRECIATION
At 1 November 2022 260,504 67,195 14,486
Charge for year 663 2,428 -
At 31 October 2023 261,167 69,623 14,486
NET BOOK VALUE
At 31 October 2023 1,152 3,479 -
At 31 October 2022 1,815 5,907 -

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

6. TANGIBLE FIXED ASSETS - continued

Company
Vehicles,
garage
and
Freehold scramble
Totals property equipment
£    £    £   
COST
At 1 November 2022 1,149,461 627,622 171,932
Additions 27,789 - 27,789
At 31 October 2023 1,177,250 627,622 199,721
DEPRECIATION
At 1 November 2022 666,648 160,478 163,985
Charge for year 17,126 7,400 6,635
At 31 October 2023 683,774 167,878 170,620
NET BOOK VALUE
At 31 October 2023 493,476 459,744 29,101
At 31 October 2022 482,813 467,144 7,947

Computer Office Water
equipment equipment pumps
£    £    £   
COST
At 1 November 2022 262,319 73,102 14,486
Additions - - -
At 31 October 2023 262,319 73,102 14,486
DEPRECIATION
At 1 November 2022 260,504 67,195 14,486
Charge for year 663 2,428 -
At 31 October 2023 261,167 69,623 14,486
NET BOOK VALUE
At 31 October 2023 1,152 3,479 -
At 31 October 2022 1,815 5,907 -

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

7. FIXED ASSET INVESTMENTS

Group
Listed
investments
£   
COST OR VALUATION
At 1 November 2022 739
Revaluations 314
At 31 October 2023 1,053
NET BOOK VALUE
At 31 October 2023 1,053
At 31 October 2022 739

Cost or valuation at 31 October 2023 is represented by:

Listed
investments
£   
Valuation in 2023 1,053
Company
Listed Unlisted
Totals investments investments
£    £    £   
COST OR VALUATION
At 1 November 2022 741 739 2
Revaluations 314 314 -
At 31 October 2023 1,055 1,053 2
NET BOOK VALUE
At 31 October 2023 1,055 1,053 2
At 31 October 2022 741 739 2

Cost or valuation at 31 October 2023 is represented by:

Listed Unlisted
Totals investments investments
£    £    £   
Valuation in 2023 1,055 1,053 2

If the shares had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 1,559 1,559

Fixed asset investments have been revalued on an open market basis in 2023. This is carried out every 3 years.

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

7. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Amca Events Limited
Registered office: Hyland House, Unit 28 Navigation Way, Cannock, Staffordshire, WS11 7XU
Nature of business:
%
Class of shares: holding
Ordinary 100.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves (162,629 ) (26,339 )
(Loss)/profit for the year (136,290 ) 19,873

Amateur Motor Cycle Association Benevolent Fund
Registered office: Hyland House, Unit 28 Navigation Way, Cannock, Staffordshire, WS11 7XU
Nature of business: A company limited by guarantee
%
Class of shares: holding
Limited by Guarantee
31.10.23 31.10.22
£    £   
Aggregate capital and reserves 137,801 141,690
Loss for the year (3,889 ) (2,487 )

AMCA Developments Limited
Registered office: Hyland House, Unit 28 Navigation Way, Cannock, Staffordshire, WS11 7XU
Nature of business:
%
Class of shares: holding
Ordinary 1.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves 1 1


8. STOCKS

Group
31.10.23 31.10.22
£    £   
Finished goods 73,672 128,454

AMATEUR MOTOR CYCLE ASSOCIATION LIMITED (REGISTERED NUMBER: 01774376)

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

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.10.23 31.10.22 31.10.23 31.10.22
£    £    £    £   
Trade debtors 11,657 25,440 - -
Amounts owed by group undertakings - - 1,231,721 1,259,441
Other debtors 128,141 136,674 - -
139,798 162,114 1,231,721 1,259,441

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.10.23 31.10.22 31.10.23 31.10.22
£    £    £    £   
Trade creditors 115,129 172,701 - -
Amounts owed to group undertakings - - 154,012 154,012
Taxation and social security 3,786 5,241 20 18
Other creditors 41,256 96,103 - -
160,171 274,045 154,032 154,030

11. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. Every member of the association undertakes to contribute to the assets of the Association in the event of it being wound up while he or she is a member, or within one year thereafter for an amount of £1 (2022 - £1). Each member has one vote.