IRIS Accounts Production v24.3.0.553 08877854 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088778542023-02-28088778542024-02-29088778542023-03-012024-02-29088778542022-02-28088778542022-03-012023-02-28088778542023-02-2808877854ns15:EnglandWales2023-03-012024-02-2908877854ns14:PoundSterling2023-03-012024-02-2908877854ns10:Director12023-03-012024-02-2908877854ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908877854ns10:SmallEntities2023-03-012024-02-2908877854ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2908877854ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908877854ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908877854ns10:FullAccounts2023-03-012024-02-2908877854ns10:Director22023-03-012024-02-2908877854ns10:RegisteredOffice2023-03-012024-02-2908877854ns5:CurrentFinancialInstruments2024-02-2908877854ns5:CurrentFinancialInstruments2023-02-2808877854ns5:Non-currentFinancialInstruments2024-02-2908877854ns5:Non-currentFinancialInstruments2023-02-2808877854ns5:ShareCapital2024-02-2908877854ns5:ShareCapital2023-02-2808877854ns5:RetainedEarningsAccumulatedLosses2024-02-2908877854ns5:RetainedEarningsAccumulatedLosses2023-02-2808877854ns5:PlantMachinery2023-03-012024-02-2908877854ns5:MotorVehicles2023-03-012024-02-2908877854ns5:ComputerEquipment2023-03-012024-02-2908877854ns5:PlantMachinery2023-02-2808877854ns5:MotorVehicles2023-02-2808877854ns5:ComputerEquipment2023-02-2808877854ns5:PlantMachinery2024-02-2908877854ns5:MotorVehicles2024-02-2908877854ns5:ComputerEquipment2024-02-2908877854ns5:PlantMachinery2023-02-2808877854ns5:MotorVehicles2023-02-2808877854ns5:ComputerEquipment2023-02-2808877854ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908877854ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 08877854 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Glendale Classic Dirt Bikes Limited

Glendale Classic Dirt Bikes Limited (Registered number: 08877854)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Glendale Classic Dirt Bikes Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr G Douglas
Mrs G Douglas





REGISTERED OFFICE: 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 08877854 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Glendale Classic Dirt Bikes Limited (Registered number: 08877854)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 21,751 23,383

CURRENT ASSETS
Stocks 5 18,975 18,825
Debtors 6 4,967 4,548
Cash at bank 2,330 979
26,272 24,352
CREDITORS
Amounts falling due within one year 7 42,101 23,093
NET CURRENT (LIABILITIES)/ASSETS (15,829 ) 1,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,922

24,642

CREDITORS
Amounts falling due after more than
one year

8

37,251

37,226
NET LIABILITIES (31,329 ) (12,584 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,429 ) (12,684 )
SHAREHOLDERS' FUNDS (31,329 ) (12,584 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Glendale Classic Dirt Bikes Limited (Registered number: 08877854)

Balance Sheet - continued
29 February 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 26 November 2024 and were signed on its behalf by:





Mr G Douglas - Director


Glendale Classic Dirt Bikes Limited (Registered number: 08877854)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Glendale Classic Dirt Bikes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
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
Motor vehicles - 25% on 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Glendale Classic Dirt Bikes Limited (Registered number: 08877854)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 March 2023 37,578 - 332 37,910
Additions - 2,500 - 2,500
At 29 February 2024 37,578 2,500 332 40,410
DEPRECIATION
At 1 March 2023 14,366 - 161 14,527
Charge for year 3,482 625 25 4,132
At 29 February 2024 17,848 625 186 18,659
NET BOOK VALUE
At 29 February 2024 19,730 1,875 146 21,751
At 28 February 2023 23,212 - 171 23,383

5. STOCKS
29.2.24 28.2.23
£ £
Stocks 18,975 18,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 2,902 4,548
Corporation tax recoverable 2,065 -
4,967 4,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Bank loans and overdrafts 8,013 8,013
Trade creditors 2,464 2,642
Tax - 4,049
Social security and other taxes 732 993
VAT 1,091 1,909
Directors' loan accounts 29,171 4,887
Accrued expenses 630 600
42,101 23,093

Glendale Classic Dirt Bikes Limited (Registered number: 08877854)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£ £
Bank loans and overdrafts 24,251 24,226
Other loans 13,000 13,000
37,251 37,226

Glendale Classic Dirt Bikes Limited

Report of the Accountants to the Directors of
Glendale Classic Dirt Bikes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


26 November 2024