IRIS Accounts Production v24.3.2.46 04646912 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046469122023-06-30046469122024-06-30046469122023-07-012024-06-30046469122022-06-30046469122022-07-012023-06-30046469122023-06-3004646912ns15:EnglandWales2023-07-012024-06-3004646912ns14:PoundSterling2023-07-012024-06-3004646912ns10:Director12023-07-012024-06-3004646912ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004646912ns10:SmallEntities2023-07-012024-06-3004646912ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004646912ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004646912ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004646912ns10:FullAccounts2023-07-012024-06-300464691212023-07-012024-06-3004646912ns10:CompanySecretary12023-07-012024-06-3004646912ns10:RegisteredOffice2023-07-012024-06-3004646912ns5:CurrentFinancialInstruments2024-06-3004646912ns5:CurrentFinancialInstruments2023-06-3004646912ns5:ShareCapital2024-06-3004646912ns5:ShareCapital2023-06-3004646912ns5:RetainedEarningsAccumulatedLosses2024-06-3004646912ns5:RetainedEarningsAccumulatedLosses2023-06-3004646912ns5:NetGoodwill2023-07-012024-06-3004646912ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3004646912ns5:PlantMachinery2023-07-012024-06-3004646912ns5:MotorVehicles2023-07-012024-06-3004646912ns5:NetGoodwill2023-06-3004646912ns5:NetGoodwill2024-06-3004646912ns5:NetGoodwill2023-06-3004646912ns5:PlantMachinery2023-06-3004646912ns5:MotorVehicles2023-06-3004646912ns5:PlantMachinery2024-06-3004646912ns5:MotorVehicles2024-06-3004646912ns5:PlantMachinery2023-06-3004646912ns5:MotorVehicles2023-06-3004646912ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004646912ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004646912ns5:RetainedEarningsAccumulatedLosses2023-06-3004646912ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 04646912 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

W. Mounter Motorcycles Limited

W. Mounter Motorcycles Limited (Registered number: 04646912)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. Mounter Motorcycles Limited

Company Information
for the Year Ended 30 June 2024







Director: W Mounter





Secretary: Mrs K Mounter





Registered office: Cilhowey
Croescade Lane
Llantwit Fardre
CF38 2PP





Registered number: 04646912 (England and Wales)





Accountants: Curtis, Bowden and Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
Rhondda Cynon Taff
CF40 1AR

W. Mounter Motorcycles Limited (Registered number: 04646912)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,500 3,345
2,500 3,345

Current assets
Stocks 141,695 178,305
Debtors 6 13,313 16,211
Cash at bank 15,499 17,609
170,507 212,125
Creditors
Amounts falling due within one year 7 137,390 140,215
Net current assets 33,117 71,910
Total assets less current liabilities 35,617 75,255

Provisions for liabilities 475 640
Net assets 35,142 74,615

Capital and reserves
Called up share capital 100 100
Retained earnings 9 35,042 74,515
Shareholders' funds 35,142 74,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W. Mounter Motorcycles Limited (Registered number: 04646912)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





W Mounter - Director


W. Mounter Motorcycles Limited (Registered number: 04646912)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

W. Mounter Motorcycles Limited 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 - 25% on reducing balance
Motor vehicles - 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 current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

W. Mounter Motorcycles Limited (Registered number: 04646912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 50,000
Amortisation
At 1 July 2023
and 30 June 2024 50,000
Net book value
At 30 June 2024 -
At 30 June 2023 -

5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 July 2023
and 30 June 2024 1,470 33,764 35,234
Depreciation
At 1 July 2023 1,445 30,444 31,889
Charge for year 25 820 845
At 30 June 2024 1,470 31,264 32,734
Net book value
At 30 June 2024 - 2,500 2,500
At 30 June 2023 25 3,320 3,345

6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors 4,813 4,100
Other debtors 8,500 12,111
13,313 16,211

W. Mounter Motorcycles Limited (Registered number: 04646912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade creditors - 10
Taxation and social security 2,886 3,739
Other creditors 134,504 136,466
137,390 140,215

8. Secured debts

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   

9. Reserves
Retained
earnings
£   

At 1 July 2023 74,515
Deficit for the year (19,473 )
Dividends (20,000 )
At 30 June 2024 35,042

10. Related party disclosures

During the year, total dividends of £10,000 were paid to the director .

At 30th June 2024 Mr W Mounter, a director, was owed £129,584 from the company. At the 1st July 2023 the balance was £131,042 during the year there was an aggregate of advances of £1,458. .The advances or credits between the company and the director are repayable on demand. There is no interest charges on these transactions.

11. Ultimate controlling party

The controlling party is Mr W Mounter by virtue of his and his wifes' ownership of 100% of the issued share capital in the company.