Company Registration No. 08691741 (England and Wales)
The Motorcycle Co SW Limited
Unaudited accounts
for the year ended 31 December 2023
The Motorcycle Co SW Limited
Unaudited accounts
Contents
The Motorcycle Co SW Limited
Company Information
for the year ended 31 December 2023
Company Number
08691741 (England and Wales)
Registered Office
Unit4 Olympus Business Park
Kingsteignton Road
Newton Abbot
Devon
TQ12 2SN
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
The Motorcycle Co SW Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,835
13,443
Cash at bank and in hand
(12)
1,709
Creditors: amounts falling due within one year
(18,871)
(18,898)
Net current liabilities
(6,595)
(5,669)
Total assets less current liabilities
4,240
7,774
Creditors: amounts falling due after more than one year
(4,220)
(7,819)
Net assets/(liabilities)
20
(45)
Called up share capital
100
100
Profit and loss account
(80)
(145)
Shareholders' funds
20
(45)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2024 and were signed on its behalf by
Mr Matthew Yates
Director
Company Registration No. 08691741
The Motorcycle Co SW Limited
Notes to the Accounts
for the year ended 31 December 2023
The Motorcycle Co SW Limited is a private company, limited by shares, registered in England and Wales, registration number 08691741. The registered office is Unit4 Olympus Business Park, Kingsteignton Road, Newton Abbot, Devon, TQ12 2SN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Reducing Balance Basis
Plant & machinery
20% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
Fixtures & fittings
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The Motorcycle Co SW Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
2,678
13,734
15,505
2,039
-
33,956
At 31 December 2023
2,678
13,734
15,505
2,039
100
34,056
At 1 January 2023
2,322
8,068
8,489
1,634
-
20,513
Charge for the year
71
1,133
1,403
81
20
2,708
At 31 December 2023
2,393
9,201
9,892
1,715
20
23,221
At 31 December 2023
285
4,533
5,613
324
80
10,835
At 31 December 2022
356
5,666
7,016
405
-
13,443
Amounts falling due within one year
Accrued income and prepayments
257
699
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,600
3,600
Trade creditors
2,810
3,058
Taxes and social security
1,126
464
Loans from directors
6,682
7,902
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).