04629155falseMotorbike retailer2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-12-012024-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FRS1022023-12-012024-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04629155

Slipstream Motorcycle (Sales) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Slipstream Motorcycle (Sales) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
Glyn Pocklington
SECRETARY
Gemma Pocklington
REGISTERED OFFICE
Goldenhaze, Westgate
Wainfleet
Skegness
Lincolnshire
PE24 4NH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04629155
BANKERS
HSBC
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Slipstream Motorcycle (Sales) Limited

ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Slipstream Motorcycle (Sales) Limited

BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2198,652188,010
CURRENT ASSETS
Stock279,779289,254
Debtors42,5282,633
Cash at bank and in hand133,564120,158
415,871412,045
CREDITORS: Amounts falling due within one year5529,437537,406
NET CURRENT LIABILITIES(113,566)(125,361)
TOTAL ASSETS LESS CURRENT LIABILITIES85,08662,649
PROVISIONS FOR LIABILITIES AND CHARGES73,6281,680
NET ASSETS81,45860,969
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account81,45760,968
SHAREHOLDERS' FUNDS81,45860,969
For the year ending 30/11/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/03/2025 and signed on their behalf by
.............................
Glyn Pocklington
Director

Slipstream Motorcycle (Sales) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Slipstream Motorcycle (Sales) Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsTotal
££££
Cost
At 01/12/2023179,85031,9243,190214,964
Additions-20,83537421,209
Disposals-(18,000)(217)(18,217)
At 30/11/2024179,85034,7593,347217,956
Depreciation
At 01/12/2023-24,5162,43826,954
Disposals-(13,729)(189)(13,918)
For the year-5,9932756,268
At 30/11/2024-16,7802,52419,304
Net Book Amounts
At 30/11/2024179,85017,979823198,652
At 30/11/2023179,8507,408752188,010
3. STOCK 20242023
££
Stock comprises:
Stock279,779289,254
279,779289,254
4. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments2,5282,633
2,5282,633

Slipstream Motorcycle (Sales) Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax9,96712,199
VAT9,5405,828
PAYE control581673
Salaries and wages control3,5973,532
Directors current account503,234496,982
Santander-16,054
Trade creditors1,109828
Accruals1,4091,310
529,437537,406
6. EMPLOYEES
20242023
No.No.
Average number of employees33
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,6281,680
3,6281,680
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

Slipstream Motorcycle (Sales) Limited

9. SECURED CREDITOR
The facilities provided by HSBC Bank PLC are secured by fixed and floating charges over the undertaking and all property and assets, present and future.