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REGISTERED NUMBER: 04639542 (England and Wales)















STAFFORD MOTORCYCLES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)






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


STAFFORD MOTORCYCLES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: Mr D W Busby
Ms C L Evans





REGISTERED OFFICE: 1-2 St. Patricks Street
Stafford
Staffordshire
ST16 2PL





REGISTERED NUMBER: 04639542 (England and Wales)





ACCOUNTANTS: Wallace Crooke Ltd
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 367,300 370,699

CURRENT ASSETS
Stocks 383,967 476,708
Debtors 5 6,548 7,200
Cash at bank and in hand 5,664 23,875
396,179 507,783
CREDITORS
Amounts falling due within one year 6 44,478 126,756
NET CURRENT ASSETS 351,701 381,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,001

751,726

CREDITORS
Amounts falling due after more than one
year

7

-

(10,833

)

PROVISIONS FOR LIABILITIES 8 (8,724 ) (9,370 )
NET ASSETS 710,277 731,523

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 710,276 731,522
SHAREHOLDERS' FUNDS 710,277 731,523

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.

STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)

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 25 September 2024 and were signed on its behalf by:





Mr D W Busby - Director


STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Stafford 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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% reducing balance
Computer equipment - 15% 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.

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.

STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 321,383 16,028 7,344
Additions - - -
Disposals - (700 ) -
At 31 January 2024 321,383 15,328 7,344
DEPRECIATION
At 1 February 2023 - 10,756 5,273
Charge for year - 752 26
Eliminated on disposal - (436 ) -
At 31 January 2024 - 11,072 5,299
NET BOOK VALUE
At 31 January 2024 321,383 4,256 2,045
At 31 January 2023 321,383 5,272 2,071

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 76,281 4,589 425,625
Additions 30,000 - 30,000
Disposals (25,990 ) (588 ) (27,278 )
At 31 January 2024 80,291 4,001 428,347
DEPRECIATION
At 1 February 2023 35,694 3,203 54,926
Charge for year 12,875 13 13,666
Eliminated on disposal (6,904 ) (205 ) (7,545 )
At 31 January 2024 41,665 3,011 61,047
NET BOOK VALUE
At 31 January 2024 38,626 990 367,300
At 31 January 2023 40,587 1,386 370,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,290 176
Other debtors 258 7,024
6,548 7,200

STAFFORD MOTORCYCLES LIMITED (REGISTERED NUMBER: 04639542)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,000
Trade creditors 3,192 1,817
Taxation and social security 31,805 59,268
Other creditors 9,481 60,671
44,478 126,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 10,833

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,724 9,370

Deferred
tax
£   
Balance at 1 February 2023 9,370
Provided during year (646 )
Balance at 31 January 2024 8,724

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1