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A & M Motorcycles Ltd

Financial Statements for the Year Ended 30 September 2023






A & M Motorcycles Ltd (Registered number: 04970983)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & M Motorcycles Ltd

Company Information
for the year ended 30 September 2023







DIRECTORS: Mr S Oates
Mr D Oates





REGISTERED OFFICE: No 1 Diamond Industrial Centre
Works Road
Letchworth
Hertfordshire
SG6 1LW





REGISTERED NUMBER: 04970983 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

A & M Motorcycles Ltd (Registered number: 04970983)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 251,606 252,091
251,606 252,091

CURRENT ASSETS
Stocks 185,569 233,468
Debtors 6 1,879 2,749
Cash at bank and in hand 249,749 231,088
437,197 467,305
CREDITORS
Amounts falling due within one year 7 37,991 50,008
NET CURRENT ASSETS 399,206 417,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,812

669,388

CAPITAL AND RESERVES
Called up share capital 8 5 5
Revaluation reserve 9 (1,858 ) (1,858 )
Retained earnings 652,665 671,241
SHAREHOLDERS' FUNDS 650,812 669,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:



Mr S Oates - Director


A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

A & M 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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 6 (2022 - 6 ) .

A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 11,250
AMORTISATION
At 1 October 2022
and 30 September 2023 11,250
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2022 249,000 46,119 1,234
Additions - - 382
At 30 September 2023 249,000 46,119 1,616
DEPRECIATION
At 1 October 2022 - 44,111 970
Charge for year - 502 161
At 30 September 2023 - 44,613 1,131
NET BOOK VALUE
At 30 September 2023 249,000 1,506 485
At 30 September 2022 249,000 2,008 264

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 18,820 788 315,961
Additions - - 382
At 30 September 2023 18,820 788 316,343
DEPRECIATION
At 1 October 2022 18,002 787 63,870
Charge for year 204 - 867
At 30 September 2023 18,206 787 64,737
NET BOOK VALUE
At 30 September 2023 614 1 251,606
At 30 September 2022 818 1 252,091

A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,879 2,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,137 33,224
Corporation tax 7,875 7,250
PAYE 1,255 944
VAT 18,704 6,461
Pension fund 277 386
Directors' current accounts 93 93
Accrued expenses 1,650 1,650
37,991 50,008

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary A shares £1 4 4
1 Ordinary B shares £1 1 1
5 5

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 (1,858 )