M.E.S.POWERSPORTS LIMITED

Company Registration Number:
05715107 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 March 2022

End date: 31 May 2023

M.E.S.POWERSPORTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

M.E.S.POWERSPORTS LIMITED

Balance sheet

As at 31 May 2023


Notes

15 months to 31 May 2023

2022


£

£
Fixed assets
Tangible assets: 3 96,062 71,153
Total fixed assets: 96,062 71,153
Current assets
Stocks: 1,261,680 568,282
Debtors:   126,539 31,975
Cash at bank and in hand: 256,493 266,667
Total current assets: 1,644,712 866,924
Creditors: amounts falling due within one year:   (1,280,010) (526,501)
Net current assets (liabilities): 364,702 340,423
Total assets less current liabilities: 460,764 411,576
Creditors: amounts falling due after more than one year: 4 (33,438) (45,239)
Total net assets (liabilities): 427,326 366,337
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 427,226 366,237
Shareholders funds: 427,326 366,337

The notes form part of these financial statements

M.E.S.POWERSPORTS LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2023
and signed on behalf of the board by:

Name: MARK SHOVELTON
Status: Director

The notes form part of these financial statements

M.E.S.POWERSPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

M.E.S.POWERSPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

15 months to 31 May 2023 2022
Average number of employees during the period 5 4

M.E.S.POWERSPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 106,037
Additions 36,339
At 31 May 2023 142,376
Depreciation
At 01 March 2022 34,884
Charge for year 11,430
At 31 May 2023 46,314
Net book value
At 31 May 2023 96,062
At 28 February 2022 71,153

M.E.S.POWERSPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due after more than one year note

Creditors due after more than 1 year represents a Government bounce back Loan