Company Registration No. 03312743 (England and Wales)
Alistair Hillaby Triumph Motorcycle Specialist Limited
Unaudited accounts
for the year ended 31 March 2024
Alistair Hillaby Triumph Motorcycle Specialist Limited
Unaudited accounts
Contents
Alistair Hillaby Triumph Motorcycle Specialist Limited
Company Information
for the year ended 31 March 2024
Company Number
03312743 (England and Wales)
Registered Office
6 Kay Street
Darwen
Lancashire
BB3 3BZ
Accountants
Latham Costa Limited
6 Barnfield
Blackstone Edge Old Road
Littleborough
OL15 0JL
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Alistair Hillaby Triumph Motorcycle Specialist Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Alistair Hillaby Triumph Motorcycle Specialist Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Latham Costa Limited
Chartered Accountants
6 Barnfield
Blackstone Edge Old Road
Littleborough
OL15 0JL
29 August 2024
Alistair Hillaby Triumph Motorcycle Specialist Limited
Statement of financial position
as at 31 March 2024
Creditors: amounts falling due within one year
(132,509)
(130,470)
Net current liabilities
(39,619)
(35,395)
Net liabilities
(39,611)
(35,387)
Called up share capital
2
2
Profit and loss account
(39,613)
(35,389)
Shareholders' funds
(39,611)
(35,387)
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 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 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
AS Hillaby
Director
Company Registration No. 03312743
Alistair Hillaby Triumph Motorcycle Specialist Limited
Notes to the Accounts
for the year ended 31 March 2024
Alistair Hillaby Triumph Motorcycle Specialist Limited is a private company, limited by shares, registered in England and Wales, registration number 03312743. The registered office is 6 Kay Street, Darwen, Lancashire, BB3 3BZ.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are fully depreciated and are shown at the nominal net book value of £1 each.
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.Cost includes all direct costs.
4
Tangible fixed assets
Plant & machinery
Alistair Hillaby Triumph Motorcycle Specialist Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
1,640
1,475
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,171
12,953
Loans from directors
120,588
116,190
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).