2023-02-012024-01-312024-01-31false07140971SALISBURY MOTORCYCLE AND LIGHT CAR CLUB2024-06-30iso4217:GBPxbrli:pure071409712023-02-01071409712024-01-31071409712023-02-012024-01-31071409712022-02-01071409712023-01-31071409712022-02-012023-01-3107140971bus:SmallEntities2023-02-012024-01-3107140971bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3107140971bus:FullAccounts2023-02-012024-01-3107140971bus:CompanyLimitedByGuarantee2023-02-012024-01-3107140971core:WithinOneYear2024-01-3107140971core:AfterOneYear2024-01-3107140971core:WithinOneYear2023-01-3107140971core:AfterOneYear2023-01-3107140971core:ShareCapital2024-01-3107140971core:SharePremium2024-01-3107140971core:RevaluationReserve2024-01-3107140971core:OtherReservesSubtotal2024-01-3107140971core:RetainedEarningsAccumulatedLosses2024-01-3107140971core:ShareCapital2023-01-3107140971core:SharePremium2023-01-3107140971core:RevaluationReserve2023-01-3107140971core:OtherReservesSubtotal2023-01-3107140971core:RetainedEarningsAccumulatedLosses2023-01-3107140971core:LandBuildings2024-01-3107140971core:PlantMachinery2024-01-3107140971core:Vehicles2024-01-3107140971core:FurnitureFittings2024-01-3107140971core:OfficeEquipment2024-01-3107140971core:NetGoodwill2024-01-3107140971core:IntangibleAssetsOtherThanGoodwill2024-01-3107140971core:ListedExchangeTraded2024-01-3107140971core:UnlistedNon-exchangeTraded2024-01-3107140971core:LandBuildings2023-01-3107140971core:PlantMachinery2023-01-3107140971core:Vehicles2023-01-3107140971core:FurnitureFittings2023-01-3107140971core:OfficeEquipment2023-01-3107140971core:NetGoodwill2023-01-3107140971core:IntangibleAssetsOtherThanGoodwill2023-01-3107140971core:ListedExchangeTraded2023-01-3107140971core:UnlistedNon-exchangeTraded2023-01-3107140971core:LandBuildings2023-02-012024-01-3107140971core:PlantMachinery2023-02-012024-01-3107140971core:Vehicles2023-02-012024-01-3107140971core:FurnitureFittings2023-02-012024-01-3107140971core:OfficeEquipment2023-02-012024-01-3107140971core:NetGoodwill2023-02-012024-01-3107140971core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3107140971core:ListedExchangeTraded2023-02-012024-01-3107140971core:UnlistedNon-exchangeTraded2023-02-012024-01-3107140971core:MoreThanFiveYears2023-02-012024-01-3107140971core:Non-currentFinancialInstruments2024-01-3107140971core:Non-currentFinancialInstruments2023-01-3107140971dpl:CostSales2023-02-012024-01-3107140971dpl:DistributionCosts2023-02-012024-01-3107140971core:LandBuildings2023-02-012024-01-3107140971core:PlantMachinery2023-02-012024-01-3107140971core:Vehicles2023-02-012024-01-3107140971core:FurnitureFittings2023-02-012024-01-3107140971core:OfficeEquipment2023-02-012024-01-3107140971dpl:AdministrativeExpenses2023-02-012024-01-3107140971core:NetGoodwill2023-02-012024-01-3107140971core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3107140971dpl:GroupUndertakings2023-02-012024-01-3107140971dpl:ParticipatingInterests2023-02-012024-01-3107140971dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3107140971core:ListedExchangeTraded2023-02-012024-01-3107140971dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3107140971core:UnlistedNon-exchangeTraded2023-02-012024-01-3107140971dpl:CostSales2022-02-012023-01-3107140971dpl:DistributionCosts2022-02-012023-01-3107140971core:LandBuildings2022-02-012023-01-3107140971core:PlantMachinery2022-02-012023-01-3107140971core:Vehicles2022-02-012023-01-3107140971core:FurnitureFittings2022-02-012023-01-3107140971core:OfficeEquipment2022-02-012023-01-3107140971dpl:AdministrativeExpenses2022-02-012023-01-3107140971core:NetGoodwill2022-02-012023-01-3107140971core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3107140971dpl:GroupUndertakings2022-02-012023-01-3107140971dpl:ParticipatingInterests2022-02-012023-01-3107140971dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3107140971core:ListedExchangeTraded2022-02-012023-01-3107140971dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3107140971core:UnlistedNon-exchangeTraded2022-02-012023-01-3107140971core:NetGoodwill2024-01-3107140971core:IntangibleAssetsOtherThanGoodwill2024-01-3107140971core:LandBuildings2024-01-3107140971core:PlantMachinery2024-01-3107140971core:Vehicles2024-01-3107140971core:FurnitureFittings2024-01-3107140971core:OfficeEquipment2024-01-3107140971core:AfterOneYear2024-01-3107140971core:WithinOneYear2024-01-3107140971core:ListedExchangeTraded2024-01-3107140971core:UnlistedNon-exchangeTraded2024-01-3107140971core:ShareCapital2024-01-3107140971core:SharePremium2024-01-3107140971core:RevaluationReserve2024-01-3107140971core:OtherReservesSubtotal2024-01-3107140971core:RetainedEarningsAccumulatedLosses2024-01-3107140971core:NetGoodwill2023-01-3107140971core:IntangibleAssetsOtherThanGoodwill2023-01-3107140971core:LandBuildings2023-01-3107140971core:PlantMachinery2023-01-3107140971core:Vehicles2023-01-3107140971core:FurnitureFittings2023-01-3107140971core:OfficeEquipment2023-01-3107140971core:AfterOneYear2023-01-3107140971core:WithinOneYear2023-01-3107140971core:ListedExchangeTraded2023-01-3107140971core:UnlistedNon-exchangeTraded2023-01-3107140971core:ShareCapital2023-01-3107140971core:SharePremium2023-01-3107140971core:RevaluationReserve2023-01-3107140971core:OtherReservesSubtotal2023-01-3107140971core:RetainedEarningsAccumulatedLosses2023-01-3107140971core:NetGoodwill2022-02-0107140971core:IntangibleAssetsOtherThanGoodwill2022-02-0107140971core:LandBuildings2022-02-0107140971core:PlantMachinery2022-02-0107140971core:Vehicles2022-02-0107140971core:FurnitureFittings2022-02-0107140971core:OfficeEquipment2022-02-0107140971core:AfterOneYear2022-02-0107140971core:WithinOneYear2022-02-0107140971core:ListedExchangeTraded2022-02-0107140971core:UnlistedNon-exchangeTraded2022-02-0107140971core:ShareCapital2022-02-0107140971core:SharePremium2022-02-0107140971core:RevaluationReserve2022-02-0107140971core:OtherReservesSubtotal2022-02-0107140971core:RetainedEarningsAccumulatedLosses2022-02-0107140971core:AfterOneYear2023-02-012024-01-3107140971core:WithinOneYear2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3107140971core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3107140971core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3107140971core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3107140971core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3107140971core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3107140971bus:Director12023-02-012024-01-3107140971bus:Director22023-02-012024-01-3107140971bus:Director32023-02-012024-01-31

SALISBURY MOTORCYCLE AND LIGHT CAR CLUB

Registered Number
07140971
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

SALISBURY MOTORCYCLE AND LIGHT CAR CLUB
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Martin Trevor Fildes
Steven McKechnie
Ian William Standen

Company Secretary

Martin Trevor Fildes

Registered Address

66 Bulbridge Road
Wilton
Salisbury
SP2 0LE

Registered Number

07140971 (England and Wales)
SALISBURY MOTORCYCLE AND LIGHT CAR CLUB
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3266-
266-
Current assets
Stocks4183218
Cash at bank and on hand13,99016,290
14,17316,508
Creditors amounts falling due within one year5(590)(1,638)
Net current assets (liabilities)13,58314,870
Total assets less current liabilities13,84914,870
Net assets13,84914,870
Capital and reserves
Profit and loss account13,84914,870
Reserves13,84914,870
The financial statements were approved and authorised for issue by the Board of Directors on 30 June 2024, and are signed on its behalf by:
Ian William Standen
Director
Registered Company No. 07140971
SALISBURY MOTORCYCLE AND LIGHT CAR CLUB
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company does not have any share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
Statement of compliance
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions324324
At 31 January 24324324
Depreciation and impairment
Charge for year5858
At 31 January 245858
Net book value
At 31 January 24266266
At 31 January 23--
4.Stocks

2024

2023

££
Finished goods183218
Total183218
5.Creditors: amounts due within one year

2024

2023

££
Accrued liabilities and deferred income5901,638
Total5901,638
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.