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
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
MWR MOTORCYCLES LTD
Statement of financial position
as at 31 August 2024
Tangible assets
8,058
8,141
Cash at bank and in hand
1,057
170
Creditors: amounts falling due within one year
(36,564)
(39,586)
Net current liabilities
(22,735)
(17,965)
Net liabilities
(14,677)
(9,824)
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
MWR MOTORCYCLES LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 August 2024
17,406
1,150
1,587
20,143
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
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
Taxes and social security
150
483
Loans from directors
34,367
36,204
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).