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REGISTERED NUMBER: 10615146 (England and Wales)















D & R MOTORCYCLES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






D & R MOTORCYCLES LIMITED (REGISTERED NUMBER: 10615146)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


D & R MOTORCYCLES LIMITED

Company Information
for the year ended 31 March 2024







Directors: D T Brookes
J R Brookes





Secretary: Mrs K L Brookes





Registered office: Unit 10
Rockfield Road Industrial Estate
Rockfield Road
Hereford
Herefordshire
HR1 2UA





Registered number: 10615146 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

D & R MOTORCYCLES LIMITED (REGISTERED NUMBER: 10615146)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,575 5,982

Current assets
Stocks 21,025 21,329
Debtors 5 4,936 6,279
Cash at bank and in hand 48,480 57,039
74,441 84,647
Creditors
Amounts falling due within one year 6 54,061 53,839
Net current assets 20,380 30,808
Total assets less current liabilities 25,955 36,790

Provisions for liabilities 957 853
Net assets 24,998 35,937

Capital and reserves
Called up share capital 100 100
Retained earnings 24,898 35,837
Shareholders' funds 24,998 35,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





D T Brookes - Director


D & R MOTORCYCLES LIMITED (REGISTERED NUMBER: 10615146)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

D & R Motorcycles Limited 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.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

D & R MOTORCYCLES LIMITED (REGISTERED NUMBER: 10615146)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 April 2023 7,547 1,500 3,995 13,042
Additions 325 - - 325
At 31 March 2024 7,872 1,500 3,995 13,367
Depreciation
At 1 April 2023 3,114 662 3,284 7,060
Charge for year 471 83 178 732
At 31 March 2024 3,585 745 3,462 7,792
Net book value
At 31 March 2024 4,287 755 533 5,575
At 31 March 2023 4,433 838 711 5,982

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 718 2,650
Other debtors 4,218 3,629
4,936 6,279

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 13,141 14,316
Taxation and social security 20,991 20,006
Other creditors 19,929 19,517
54,061 53,839

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 10,260 10,260
Between one and five years 25,650 35,910
35,910 46,170

8. Related party disclosures

During the year D T Brookes held a director's loan account with the company. At the year end the company owed D T Brookes £16,146 (2023 - £16,146) in respect of his director's loan account.

During the year J R Brookes held a director's loan account with the company. At the year end the company owed J R Brookes £410 (2023 - £410) in respect of his director's loan account.

There is no interest payable on the director's loans and the loans are considered repayable on demand.