Motorbiking Limited 08308923 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a nearly-new and used motorcycle dealer. Digita Accounts Production Advanced 6.30.9574.0 true 08308923 2023-01-01 2023-12-31 08308923 2023-12-31 08308923 core:CurrentFinancialInstruments 2023-12-31 08308923 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08308923 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 08308923 core:MotorVehicles 2023-12-31 08308923 core:OfficeEquipment 2023-12-31 08308923 core:PlantMachinery 2023-12-31 08308923 bus:SmallEntities 2023-01-01 2023-12-31 08308923 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08308923 bus:FilletedAccounts 2023-01-01 2023-12-31 08308923 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08308923 bus:RegisteredOffice 2023-01-01 2023-12-31 08308923 bus:Director1 2023-01-01 2023-12-31 08308923 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08308923 core:Land 2023-01-01 2023-12-31 08308923 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08308923 core:MotorVehicles 2023-01-01 2023-12-31 08308923 core:OfficeEquipment 2023-01-01 2023-12-31 08308923 core:PlantMachinery 2023-01-01 2023-12-31 08308923 countries:EnglandWales 2023-01-01 2023-12-31 08308923 2022-12-31 08308923 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08308923 core:MotorVehicles 2022-12-31 08308923 core:OfficeEquipment 2022-12-31 08308923 core:PlantMachinery 2022-12-31 08308923 2022-01-01 2022-12-31 08308923 2022-12-31 08308923 core:CurrentFinancialInstruments 2022-12-31 08308923 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08308923 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08308923 core:MotorVehicles 2022-12-31 08308923 core:OfficeEquipment 2022-12-31 08308923 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08308923

Motorbiking Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Motorbiking Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Motorbiking Limited

Company Information

Director

NG Monk

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Motorbiking Limited

(Registration number: 08308923)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

38,948

37,468

Current assets

 

Stocks

397,683

387,111

Debtors

5

7,353

6,624

Cash at bank and in hand

 

94,402

110,849

 

499,438

504,584

Creditors: Amounts falling due within one year

6

(40,610)

(40,621)

Net current assets

 

458,828

463,963

Total assets less current liabilities

 

497,776

501,431

Provisions for liabilities

(1,330)

(1,171)

Net assets

 

496,446

500,260

Capital and reserves

 

Called up share capital

150

150

Retained earnings

496,296

500,110

Shareholders' funds

 

496,446

500,260

 

Motorbiking Limited

(Registration number: 08308923)
Balance Sheet as at 31 December 2023 (continued)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

NG Monk
Director

   
     
 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

not depreciated

Plant and furniture

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 3).

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Tangible assets

Land and buildings
£

Plant and furniture
£

Computer equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2023

30,796

8,402

2,274

26,695

Additions

1,151

175

2,154

-

At 31 December 2023

31,947

8,577

4,428

26,695

Depreciation

At 1 January 2023

-

6,078

1,970

22,651

Charge for the year

-

375

614

1,011

At 31 December 2023

-

6,453

2,584

23,662

Carrying amount

At 31 December 2023

31,947

2,124

1,844

3,033

At 31 December 2022

30,796

2,324

304

4,044

Total
£

Cost or valuation

At 1 January 2023

68,167

Additions

3,480

At 31 December 2023

71,647

Depreciation

At 1 January 2023

30,699

Charge for the year

2,000

At 31 December 2023

32,699

Carrying amount

At 31 December 2023

38,948

At 31 December 2022

37,468

Included within the net book value of land and buildings above is £31,947 (2022 - £30,796) in respect of freehold land and buildings.
 

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Debtors

2023
£

2022
£

Prepayments

7,353

6,624

7,353

6,624

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9,570

8,273

Taxation and social security

10,816

16,624

Accruals and deferred income

3,131

2,952

Other creditors

17,093

12,772

40,610

40,621