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REGISTERED NUMBER: 07288563 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WALTHAM CROSS MOTORCYCLES (2010) LTD

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTHAM CROSS MOTORCYCLES (2010) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A M Boulton
P J Colledge





REGISTERED OFFICE: 50-54 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JQ





REGISTERED NUMBER: 07288563 (England and Wales)





ACCOUNTANTS: Solazzo & Co Ltd
Chartered Accountants
Woodlands,
27 Ferney Road
Cheshunt
Hertfordshire
EN7 6XQ

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,837 10,650

CURRENT ASSETS
Stocks 285,349 300,198
Debtors 5 15,295 12,110
Cash at bank and in hand 361,673 352,885
662,317 665,193
CREDITORS
Amounts falling due within one year 6 263,288 261,662
NET CURRENT ASSETS 399,029 403,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,866

414,181

CREDITORS
Amounts falling due after more than one
year

7

(26,389

)

(31,944

)

PROVISIONS FOR LIABILITIES (3,453 ) (2,350 )
NET ASSETS 384,024 379,887

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383,924 379,787
SHAREHOLDERS' FUNDS 384,024 379,887

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

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

The directors acknowledge their 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.

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:




A M Boulton - Director



P J Colledge - Director


WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Waltham Cross Motorcycles (2010) Ltd 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 represents the invoiced value of goods and services supplied in the year excluding VAT.

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
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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.

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FINANCIAL INSTRUMENTS AND CASH AND CASH EQUIVALENTS
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and recorded at the initial transaction cost. A provision for non-recovery of debtors is made where management consider that a risk exists that the company will not be able to recover fully amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 9,704 19,505 29,679 1,996 60,884
Additions - - 12,426 - 12,426
Disposals - - (4,000 ) - (4,000 )
At 31 August 2024 9,704 19,505 38,105 1,996 69,310
DEPRECIATION
At 1 September 2023 4,274 16,440 27,624 1,896 50,234
Charge for year 1,358 3,065 3,589 100 8,112
Eliminated on disposal - - (3,873 ) - (3,873 )
At 31 August 2024 5,632 19,505 27,340 1,996 54,473
NET BOOK VALUE
At 31 August 2024 4,072 - 10,765 - 14,837
At 31 August 2023 5,430 3,065 2,055 100 10,650

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,347 1,024
Directors' current accounts 773 -
Prepayments and accrued income 12,175 11,086
15,295 12,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 202,499 206,909
Corporation tax 21,156 12,649
Social security and other taxes 4,422 10,699
Other creditors 22,456 12,103
Directors' current accounts 6,679 13,746
Accruals and deferred income 520 -
263,288 261,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,668 16,668
Bank loans more than 5 years 4,165 9,720
26,389 31,944

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 4,165 9,720

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 26,000 26,000
Between one and five years 13,000 39,000
39,000 65,000

WALTHAM CROSS MOTORCYCLES (2010) LTD (REGISTERED NUMBER: 07288563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
A M Boulton
Balance outstanding at start of year - -
Amounts advanced 773 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 773 -

10. RELATED PARTY DISCLOSURES

The Directors are deemed to be the controlling party by virtue of their holdings in the company.