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Registered Number: 04758395
England and Wales

 

 

 

STEERS MOTORCYCLES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Directors Sarah Lindsay Steers
Graham Mark Steers
Registered Number 04758395
Registered Office 1184 Lincoln Road
Peterborough
England
PE4 6LA
Accountants aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
  2024   2023
    £ £   £ £
Fixed assets   79,462      87,313 
Current assets 46,679      47,110   
Prepayments and accrued income 159,050      165,000   
Creditors: amount falling due within one year 12,554      (43,406)  
Net current assets   218,283      168,704 
Total assets less current liabilities   297,745      256,017 
Net assets   297,745      256,017 
 

         
Capital and reserves   297,745      256,017 
 
NOTES TO THE ACCOUNTS

General Information
Steers Motorcycles Limited is a private company, limited by shares, registered in England and Wales, registration number 04758395, registration address 1184 Lincoln Road, Peterborough, England, PE4 6LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 June 2023 4,692    194,560    199,252 
Additions   41,052    41,052 
Disposals   (102,217)   (102,217)
At 31 May 2024 4,692    133,395    138,087 
Depreciation
At 01 June 2023 1,394    110,545    111,939 
Charge for year 660    25,609    26,269 
On disposals   (79,583)   (79,583)
At 31 May 2024 2,054    56,571    58,625 
Net book values
Closing balance as at 31 May 2024 2,638    76,824    79,462 
Opening balance as at 01 June 2023 3,298    84,015    87,313 


3.

Average number of employees including directors

Average number of employees during the year was 2 (2023 : 2).

4.

Related Party Transactions


The company entered into the following transactions with related parties during the year:

Camrider - Peterborough Limited (similar directors & ownership) owe £19,794 (2023 : £22,189)  to the company. 
All sales are to the related party, with the exception of the disposal of vehicles.

For the year ended 31 May 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 accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 February 2025 and were signed on its behalf by:


--------------------------------
Sarah Lindsay Steers
Director
2