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MOTOR CYCLE ACCESSORIES LIMITED

Registered Number
02004687
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2023

MOTOR CYCLE ACCESSORIES LIMITED
Company Information
for the period from 1 March 2022 to 30 June 2023

Director

Dean Ellison

Registered Address

160-162 Belgrave Gate
Leicester
LE1 3XL

Registered Number

02004687 (England and Wales)
MOTOR CYCLE ACCESSORIES LIMITED
Balance Sheet as at
30 June 2023

Notes

30 Jun 2023

28 Feb 2022

£

£

£

£

Fixed assets
Tangible assets617,12053,115
17,12053,115
Current assets
Stocks782,50087,654
Debtors8-77,564
Cash at bank and on hand30,0871,692
112,587166,910
Creditors amounts falling due within one year9(162,615)(301,245)
Net current assets (liabilities)(50,028)(134,335)
Total assets less current liabilities(32,908)(81,220)
Creditors amounts falling due after one year10(31,745)(45,078)
Net assets(64,653)(126,298)
Capital and reserves
Profit and loss account(64,653)(126,298)
Shareholders' funds(64,653)(126,298)
The financial statements were approved and authorised for issue by the Director on 1 May 2024, and are signed on its behalf by:
Dean Ellison
Director
Registered Company No. 02004687
MOTOR CYCLE ACCESSORIES LIMITED
Notes to the Financial Statements
for the period ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Retail of motorcycle clothing and accessories
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year34
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 March 2228,300103,420-14,703146,423
Additions--21,400-21,400
Disposals(28,300)(103,420)-(14,703)(146,423)
At 30 June 23--21,400-21,400
Depreciation and impairment
At 01 March 22-80,402-12,90693,308
Charge for year--4,280-4,280
On disposals-(80,402)-(12,906)(93,308)
At 30 June 23--4,280-4,280
Net book value
At 30 June 23--17,120-17,120
At 28 February 2228,30023,018-1,79753,115
7.Stocks

2023

2022

££
Other stocks82,50087,654
Total82,50087,654
8.Debtors

2023

2022

££
Trade debtors / trade receivables-2,971
Prepayments and accrued income-3,470
Other debtors (Non-current)-71,123
Total-77,564
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,690104,432
Bank borrowings and overdrafts-93,161
Taxation and social security105,65478,960
Other creditors52,2712,192
Accrued liabilities and deferred income-22,500
Total162,615301,245
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts31,74545,078
Total31,74545,078