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REGISTERED NUMBER: SC377518 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Angus Classic Bikes Ltd

Angus Classic Bikes Ltd (Registered number: SC377518)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 6

Angus Classic Bikes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P A Watson





REGISTERED OFFICE: 40 Brechin Road
Forfar
Angus
DD8 3JX





REGISTERED NUMBER: SC377518 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Angus Classic Bikes Ltd (Registered number: SC377518)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,091 92,285

CURRENT ASSETS
Stocks 8,350 8,350
Cash at bank 3,295 2,043
11,645 10,393
CREDITORS
Amounts falling due within one year 5 4,225 9,432
NET CURRENT ASSETS 7,420 961
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,511

93,246

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 99,510 93,245
SHAREHOLDERS' FUNDS 99,511 93,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





P A Watson - Director


Angus Classic Bikes Ltd (Registered number: SC377518)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Angus Classic Bikes Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Angus Classic Bikes Ltd (Registered number: SC377518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 91,749 9,035 1,281
Additions - 280 -
At 31 March 2024 91,749 9,315 1,281
DEPRECIATION
At 1 April 2023 - 8,500 1,280
Charge for year - 474 -
At 31 March 2024 - 8,974 1,280
NET BOOK VALUE
At 31 March 2024 91,749 341 1
At 31 March 2023 91,749 535 1

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 3,350 2,449 107,864
Additions - - 280
At 31 March 2024 3,350 2,449 108,144
DEPRECIATION
At 1 April 2023 3,350 2,449 15,579
Charge for year - - 474
At 31 March 2024 3,350 2,449 16,053
NET BOOK VALUE
At 31 March 2024 - - 92,091
At 31 March 2023 - - 92,285

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 500 657
Taxation and social security 3,100 6,811
Other creditors 625 1,964
4,225 9,432

Angus Classic Bikes Ltd (Registered number: SC377518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. RELATED PARTY DISCLOSURES

The company was under the control of P A Watson throughout the current period. P A Watson holds 100% of the shares.

Dividends of £6,755 (2023- £2,000) were paid during the year.

Included in Other Creditors is a balance of £Nil (2023 - £1,339) in respect of the Directors Loan Account. During the year, £1,339 (2023 - £28,587) was repaid to the director and £Nil (2023 - £Nil) was advanced by the director. No interest is payable on amounts advanced to the company.

Angus Classic Bikes Ltd

Report of the Accountant to the Director of
Angus Classic Bikes Ltd

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


20 March 2025