Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11657908 Mr ROBERT MCDERMOTT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11657908 2022-12-31 11657908 2023-12-31 11657908 2023-01-01 2023-12-31 11657908 frs-core:CurrentFinancialInstruments 2023-12-31 11657908 frs-core:Non-currentFinancialInstruments 2023-12-31 11657908 frs-core:ComputerEquipment 2023-12-31 11657908 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11657908 frs-core:ComputerEquipment 2022-12-31 11657908 frs-core:NetGoodwill 2023-12-31 11657908 frs-core:NetGoodwill 2023-01-01 2023-12-31 11657908 frs-core:NetGoodwill 2022-12-31 11657908 frs-core:MotorVehicles 2023-12-31 11657908 frs-core:MotorVehicles 2023-01-01 2023-12-31 11657908 frs-core:MotorVehicles 2022-12-31 11657908 frs-core:PlantMachinery 2023-12-31 11657908 frs-core:PlantMachinery 2023-01-01 2023-12-31 11657908 frs-core:PlantMachinery 2022-12-31 11657908 frs-core:ShareCapital 2023-12-31 11657908 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11657908 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11657908 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11657908 frs-bus:SmallEntities 2023-01-01 2023-12-31 11657908 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11657908 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11657908 frs-bus:Director1 2023-01-01 2023-12-31 11657908 frs-countries:EnglandWales 2023-01-01 2023-12-31 11657908 2021-12-31 11657908 2022-12-31 11657908 2022-01-01 2022-12-31 11657908 frs-core:CurrentFinancialInstruments 2022-12-31 11657908 frs-core:Non-currentFinancialInstruments 2022-12-31 11657908 frs-core:ShareCapital 2022-12-31 11657908 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11657908
TRIPLE C MOTORCYCLES LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
SD Financial Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11657908
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,265 48,552
Tangible Assets 5 9,256 17,810
52,521 66,362
CURRENT ASSETS
Stocks 6 30,451 39,663
Debtors 7 10,106 4,655
Cash at bank and in hand 6,994 2,376
47,551 46,694
Creditors: Amounts Falling Due Within One Year 8 (133,179 ) (104,191 )
NET CURRENT ASSETS (LIABILITIES) (85,628 ) (57,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,107 ) 8,865
Creditors: Amounts Falling Due After More Than One Year 9 (9,947 ) (13,815 )
NET LIABILITIES (43,054 ) (4,950 )
CAPITAL AND RESERVES
Called up share capital 10 142,800 142,800
Profit and Loss Account (185,854 ) (147,750 )
SHAREHOLDERS' FUNDS (43,054) (4,950)
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr ROBERT MCDERMOTT
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TRIPLE C MOTORCYCLES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11657908 . The registered office is Unit 16 Dry Lane, Crawley Mill Industrial Estate, Witney, OX29 9TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 20% Reducing balance
Computer Equipment 50% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: )
5 -
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 52,868
As at 31 December 2023 52,868
Amortisation
As at 1 January 2023 4,316
Provided during the period 5,287
As at 31 December 2023 9,603
Net Book Value
As at 31 December 2023 43,265
As at 1 January 2023 48,552
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 20,884 1,820 500 23,204
Additions 1,200 - - 1,200
Disposals - (620 ) - (620 )
As at 31 December 2023 22,084 1,200 500 23,784
Depreciation
As at 1 January 2023 4,744 440 210 5,394
Provided during the period 8,908 450 145 9,503
Disposals - (369 ) - (369 )
As at 31 December 2023 13,652 521 355 14,528
Net Book Value
As at 31 December 2023 8,432 679 145 9,256
As at 1 January 2023 16,140 1,380 290 17,810
6. Stocks
2023 2022
£ £
Materials 19,636 25,496
Work in progress 10,815 14,167
30,451 39,663
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,827 2,379
Other debtors 3,279 2,276
10,106 4,655
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,009 270
Bank loans and overdrafts 1,666 4,804
Amounts owed to participating interests 76,057 76,355
Other creditors 19,803 11,372
Taxation and social security 34,644 11,390
133,179 104,191
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 9,947 13,815
£76,057 is a related-party loan that will only be repaid once the company is solvent.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 142,800 142,800
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