Company Registration No. SC598785 (Scotland)
Associated British Motorcycles Ltd
Unaudited accounts
for the year ended 31 March 2024
Associated British Motorcycles Ltd
Unaudited accounts
Contents
Associated British Motorcycles Ltd
Company Information
for the year ended 31 March 2024
Directors
.David Willis
.John J Murphy
Company Number
SC598785 (Scotland)
Registered Office
Unit 1
95 Westburn Drive
Cambuslang
Glasgow
Lanarkshire
G72 7NA
Scotland
Associated British Motorcycles Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
33,060
38,262
Cash at bank and in hand
1,117
2,827
Creditors: amounts falling due within one year
-
56
Net current assets
1,117
3,172
Total assets less current liabilities
34,177
41,434
Creditors: amounts falling due after more than one year
(400,637)
(401,400)
Net liabilities
(366,460)
(359,966)
Called up share capital
(1)
(1)
Capital redemption reserve
25,104
25,104
Capital contribution reserve
(25,848)
(25,848)
Profit and loss account
(365,715)
(359,221)
Shareholders' funds
(366,460)
(359,966)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
.David Willis
Director
Company Registration No. SC598785
Associated British Motorcycles Ltd
Notes to the Accounts
for the year ended 31 March 2024
Associated British Motorcycles Ltd is a private company, limited by shares, registered in Scotland, registration number SC598785. The registered office is Unit 1, 95 Westburn Drive, Cambuslang, Glasgow, Lanarkshire, G72 7NA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
10%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
105,015
32,812
1,123
138,950
At 31 March 2024
105,015
32,812
1,123
138,950
At 1 April 2023
79,003
20,688
997
100,688
Charge for the year
5,202
-
-
5,202
At 31 March 2024
84,205
20,688
997
105,890
At 31 March 2024
20,810
12,124
126
33,060
At 31 March 2023
26,012
12,124
126
38,262
Associated British Motorcycles Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
378,997
366,539
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).