1 November 2023 v2024.67.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP122777002023-11-012024-10-31122777002024-10-31122777002023-10-3112277700core:WithinOneYear2024-10-3112277700core:WithinOneYear2023-10-3112277700core:AfterOneYear2024-10-3112277700core:AfterOneYear2023-10-3112277700core:RetainedEarningsAccumulatedLosses2024-10-3112277700core:RetainedEarningsAccumulatedLosses2023-10-3112277700bus:Director12023-11-012024-10-3112277700bus:RegisteredOffice2023-11-012024-10-3112277700core:OfficeEquipment2023-11-012024-10-3112277700core:FurnitureFittings2023-11-012024-10-31122777002022-11-012023-10-31122777002023-11-011227770012023-11-012024-10-3112277700countries:EnglandWales2023-11-012024-10-3112277700bus:AuditExemptWithAccountantsReport2023-11-012024-10-3112277700bus:PrivateLimitedCompanyLtd2023-11-012024-10-3112277700bus:SmallEntities2023-11-012024-10-3112277700bus:AbridgedAccounts2023-11-012024-10-31
Company registration number:
12277700
Hunters Motorcycles Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 October 2024
Hunters Motorcycles Ltd
Abridged Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 5
8,775
 
3,700
 
Current assets    
Stocks
64,778
 
72,065
 
Debtors
917
 
6,417
 
Cash at bank and in hand
48,839
 
52,909
 
114,534
 
131,391
 
Creditors: amounts falling due within one year
(46,256
)
(54,460
)
Net current assets
68,278
 
76,931
 
Total assets less current liabilities 77,053   80,631  
Creditors: amounts falling due after more than one year
(13,852
)
(24,410
)
Net assets
63,201
 
56,221
 
Capital and reserves    
Profit and loss account
63,201
 
56,221
 
Shareholders funds
63,201
 
56,221
 
For the year ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 October 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
10 January 2025
, and are signed on behalf of the board by:
C Hunter
Director
Company registration number:
12277700
Hunters Motorcycles Ltd
Notes to the Abridged Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
241 Westgate Road
,
Newcastle Upon Tyne
,
Tyne And Wear
,
NE4 6AE
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance
Fixtures and fittings
25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
3.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 November 2023
6,904
 
Additions
8,000
 
At
31 October 2024
14,904
 
Depreciation  
At
1 November 2023
3,204
 
Charge
2,925
 
At
31 October 2024
6,129
 
Carrying amount  
At
31 October 2024
8,775
 
At 31 October 2023
3,700