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REGISTERED NUMBER: 07452140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DRAYTON CROFT MOTORCYCLES LIMITED

DRAYTON CROFT MOTORCYCLES LIMITED (REGISTERED NUMBER: 07452140)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAYTON CROFT MOTORCYCLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr R E Crowfoot
Mrs S E Crowfoot
Mr O Crowfoot





REGISTERED OFFICE: 14-20 Stockwell Head
Hinckley
Leicestershire
LE10 1RE





REGISTERED NUMBER: 07452140 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

DRAYTON CROFT MOTORCYCLES LIMITED (REGISTERED NUMBER: 07452140)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,955 22,172

CURRENT ASSETS
Stocks 1,290,776 1,102,881
Debtors 5 100,112 84,845
Cash at bank and in hand 13,571 81,351
1,404,459 1,269,077
CREDITORS
Amounts falling due within one year 6 968,706 879,896
NET CURRENT ASSETS 435,753 389,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,708

411,353

PROVISIONS FOR LIABILITIES 8,541 4,213
NET ASSETS 472,167 407,140

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 472,147 407,120
472,167 407,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

DRAYTON CROFT MOTORCYCLES LIMITED (REGISTERED NUMBER: 07452140)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr R E Crowfoot - Director


DRAYTON CROFT MOTORCYCLES LIMITED (REGISTERED NUMBER: 07452140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Drayton Croft 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 - 15% on reducing balance
Fixtures and fittings - 15% 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.

DRAYTON CROFT MOTORCYCLES LIMITED (REGISTERED NUMBER: 07452140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 25,663 26,416 47,040 99,119
Additions - 3,805 23,941 27,746
At 31 January 2024 25,663 30,221 70,981 126,865
DEPRECIATION
At 1 February 2023 19,479 19,955 37,513 76,947
Charge for year 927 1,539 2,497 4,963
At 31 January 2024 20,406 21,494 40,010 81,910
NET BOOK VALUE
At 31 January 2024 5,257 8,727 30,971 44,955
At 31 January 2023 6,184 6,461 9,527 22,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100,112 84,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 904,144 784,056
Taxation and social security 23,774 32,831
Other creditors 40,788 63,009
968,706 879,896