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Company Registration No. 11503624 (England and Wales)
MWR MOTORCYCLES LTD Unaudited Filleted Accounts for the year ended 31 August 2024
MWR MOTORCYCLES LTD Unaudited Filleted Accounts Contents
Page
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MWR MOTORCYCLES LTD Company Information for the year ended 31 August 2024
Directors
Lee Willis Leigh Robbins
Company Number
11503624 (England and Wales)
Registered Office
Unit 8f Hepworth Business Park Coedcae Lane Pontyclun Mid Glamorgan CF72 9FQ Wales
Accountants
Richlands Accountancy Ltd Richlands Maesteg Road Tondu Bridgend CF32 9BT
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MWR MOTORCYCLES LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,058 
8,141 
Current assets
Inventories
12,772 
21,451 
Cash at bank and in hand
1,057 
170 
13,829 
21,621 
Creditors: amounts falling due within one year
(36,564)
(39,586)
Net current liabilities
(22,735)
(17,965)
Net liabilities
(14,677)
(9,824)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(14,680)
(9,827)
Shareholders' funds
(14,677)
(9,824)
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 directors acknowledge their 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 of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
Leigh Robbins Director Company Registration No. 11503624
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MWR MOTORCYCLES LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
MWR MOTORCYCLES LTD is a private company, limited by shares, registered in England and Wales, registration number 11503624. The registered office is Unit 8f, Hepworth Business Park, Coedcae Lane, Pontyclun, Mid Glamorgan, CF72 9FQ, Wales.
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.
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.
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
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
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MWR MOTORCYCLES LTD 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
14,831 
1,150 
1,587 
17,568 
Additions
2,575 
- 
- 
2,575 
At 31 August 2024
17,406 
1,150 
1,587 
20,143 
Depreciation
At 1 September 2023
7,644 
1,005 
778 
9,427 
Charge for the year
1,952 
29 
677 
2,658 
At 31 August 2024
9,596 
1,034 
1,455 
12,085 
Net book value
At 31 August 2024
7,810 
116 
132 
8,058 
At 31 August 2023
7,187 
145 
809 
8,141 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
328 
VAT
1,687 
1,876 
Taxes and social security
150 
483 
Other creditors
- 
35 
Loans from directors
34,367 
36,204 
Accruals
360 
660 
36,564 
39,586 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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