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Company Registration No. 14297341 (England and Wales)
Sl Motorcycle Training Limited Unaudited accounts for the year ended 31 August 2024
Sl Motorcycle Training Limited Unaudited accounts Contents
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Sl Motorcycle Training Limited Company Information for the year ended 31 August 2024
Director
Sarah Gregory
Company Number
14297341 (England and Wales)
Registered Office
27 Gloucester Avenue East Tilbury Tilbury Essex RM18 8RB England
Accountants
All Seasons Accountants Limited 14 Glade Lane Ashby de la Zouch Leicestershire LE65 2RP
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Sl Motorcycle Training Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,417 
36,202 
Current assets
Inventories
- 
152 
Debtors
5,488 
6,043 
Cash at bank and in hand
8,177 
12,307 
13,665 
18,502 
Creditors: amounts falling due within one year
(28,807)
(25,990)
Net current liabilities
(15,142)
(7,488)
Net assets
17,275 
28,714 
Capital and reserves
Profit and loss account
17,275 
28,714 
Shareholders' funds
17,275 
28,714 
For the year ending 31 August 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 21 October 2024 and were signed on its behalf by
Sarah Gregory Director Company Registration No. 14297341
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Sl Motorcycle Training Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sl Motorcycle Training Limited is a private company, limited by shares, registered in England and Wales, registration number 14297341. The registered office is 27 Gloucester Avenue, East Tilbury, Tilbury, Essex, RM18 8RB, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Sl Motorcycle Training Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
- 
48,249 
- 
48,249 
Additions
3,535 
2,500 
843 
6,878 
At 31 August 2024
3,535 
50,749 
843 
55,127 
Depreciation
At 1 September 2023
- 
12,047 
- 
12,047 
Charge for the year
707 
9,675 
281 
10,663 
At 31 August 2024
707 
21,722 
281 
22,710 
Net book value
At 31 August 2024
2,828 
29,027 
562 
32,417 
At 31 August 2023
- 
36,202 
- 
36,202 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,377 
2,705 
Accrued income and prepayments
3,111 
3,338 
5,488 
6,043 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,403 
12,531 
Trade creditors
299 
184 
Taxes and social security
15,921 
11,472 
Other creditors
885 
1,122 
Loans from directors
299 
681 
28,807 
25,990 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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