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REGISTERED NUMBER: 04793669 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

Kings Two Wheel Centre Ltd.

Kings Two Wheel Centre Ltd. (Registered number: 04793669)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kings Two Wheel Centre Ltd.

Company Information
for the Year Ended 29 April 2024







DIRECTORS: S. Polden
Mrs S Polden





REGISTERED OFFICE: St Georges House
Langford Lane
Kidlington
Oxford
Oxfordshire
OX5 1HT





REGISTERED NUMBER: 04793669 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kings Two Wheel Centre Ltd.

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 Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kings Two Wheel Centre Ltd. for the year ended 29 April 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kings Two Wheel Centre Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kings Two Wheel Centre Ltd. and state those matters that we have agreed to state to the Board of Directors of Kings Two Wheel Centre Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kings Two Wheel Centre Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kings Two Wheel Centre Ltd.. You consider that Kings Two Wheel Centre Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kings Two Wheel Centre Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Kings Two Wheel Centre Ltd. (Registered number: 04793669)

Balance Sheet
29 April 2024

29/4/24 29/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 906,661 921,411
906,661 921,411

CURRENT ASSETS
Stocks 342,941 369,545
Cash at bank and in hand 187,904 246,433
530,845 615,978
CREDITORS
Amounts falling due within one year 6 (455,140 ) (384,448 )
NET CURRENT ASSETS 75,705 231,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

982,366

1,152,941

CREDITORS
Amounts falling due after more than
one year

7

(619,554

)

(655,271

)
NET ASSETS 362,812 497,670

Kings Two Wheel Centre Ltd. (Registered number: 04793669)

Balance Sheet - continued
29 April 2024

29/4/24 29/4/23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 362,810 497,668
362,812 497,670

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





S. Polden - Director


Kings Two Wheel Centre Ltd. (Registered number: 04793669)

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

1. STATUTORY INFORMATION

Kings Two Wheel Centre Ltd. 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost and 25% 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 of current tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Kings Two Wheel Centre Ltd. (Registered number: 04793669)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2023
and 29 April 2024 100,000
AMORTISATION
At 30 April 2023
and 29 April 2024 100,000
NET BOOK VALUE
At 29 April 2024 -
At 29 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 April 2023
and 29 April 2024 865,297 125,323 990,620
DEPRECIATION
At 30 April 2023 - 69,209 69,209
Charge for year - 14,750 14,750
At 29 April 2024 - 83,959 83,959
NET BOOK VALUE
At 29 April 2024 865,297 41,364 906,661
At 29 April 2023 865,297 56,114 921,411

Kings Two Wheel Centre Ltd. (Registered number: 04793669)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/4/24 29/4/23
£    £   
Bank loans and overdrafts 36,387 36,387
Trade creditors 347,634 266,007
Taxation and social security 71,119 80,552
Other creditors - 1,502
455,140 384,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/4/24 29/4/23
£    £   
Bank loans 619,554 655,271

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 1 year 607,890 633,604