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REGISTERED NUMBER: 02040523 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Tinklers (Motorcycles) Limited

Tinklers (Motorcycles) Limited (Registered number: 02040523)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tinklers (Motorcycles) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G M Newstead
Mrs A J Newstead





SECRETARY: Mrs A J Newstead





REGISTERED OFFICE: 182 - 190 Northumberland Street
Norwich
Norfolk





REGISTERED NUMBER: 02040523 (England and Wales)





ACCOUNTANTS: Shaw & Co
3 Colegate
Norwich
Norfolk
NR3 1BN

Tinklers (Motorcycles) Limited (Registered number: 02040523)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 605,594 594,178

CURRENT ASSETS
Stocks 1,270,026 1,406,799
Debtors 5 43,222 170,658
Cash at bank 450,863 230,389
1,764,111 1,807,846
CREDITORS
Amounts falling due within one year 6 1,337,633 1,548,538
NET CURRENT ASSETS 426,478 259,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,072

853,486

CREDITORS
Amounts falling due after more than
one year

7

(148,405

)

(74,198

)

PROVISIONS FOR LIABILITIES (18,270 ) (15,640 )
NET ASSETS 865,397 763,648

CAPITAL AND RESERVES
Called up share capital 2,001 2,001
Revaluation reserve 8 313,930 313,930
Retained earnings 549,466 447,717
865,397 763,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Tinklers (Motorcycles) Limited (Registered number: 02040523)

Balance Sheet - continued
31 December 2023


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 20 September 2024 and were signed on its behalf by:





Mrs A J Newstead - Director


Tinklers (Motorcycles) Limited (Registered number: 02040523)

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

1. STATUTORY INFORMATION

Tinklers (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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings - 0% straight line
Leasehold improvements - 0% straight line
Plant and equipment - 15% straight line
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% or 50% straight line
Motor vehicles - 25& straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.


Tinklers (Motorcycles) Limited (Registered number: 02040523)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 511,864 254,166 766,030
Additions - 36,715 36,715
Disposals - (10,000 ) (10,000 )
At 31 December 2023 511,864 280,881 792,745
DEPRECIATION
At 1 January 2023 - 171,852 171,852
Charge for year - 15,299 15,299
At 31 December 2023 - 187,151 187,151
NET BOOK VALUE
At 31 December 2023 511,864 93,730 605,594
At 31 December 2022 511,864 82,314 594,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 43,222 170,658

Tinklers (Motorcycles) Limited (Registered number: 02040523)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,931 9,646
Trade creditors 1,209,821 1,487,622
Taxation and social security 112,665 46,772
Other creditors 5,216 4,498
1,337,633 1,548,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,020 25,195
Other creditors 133,385 49,003
148,405 74,198

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 313,930