IRIS Accounts Production v25.1.4.42 07868380 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078683802024-03-31078683802025-03-31078683802024-04-012025-03-31078683802023-03-31078683802023-04-012024-03-31078683802024-03-3107868380ns15:EnglandWales2024-04-012025-03-3107868380ns14:PoundSterling2024-04-012025-03-3107868380ns10:Director12024-04-012025-03-3107868380ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107868380ns10:SmallEntities2024-04-012025-03-3107868380ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107868380ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107868380ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107868380ns10:FullAccounts2024-04-012025-03-310786838012024-04-012025-03-3107868380ns10:RegisteredOffice2024-04-012025-03-3107868380ns5:CurrentFinancialInstruments2025-03-3107868380ns5:CurrentFinancialInstruments2024-03-3107868380ns5:Non-currentFinancialInstruments2025-03-3107868380ns5:Non-currentFinancialInstruments2024-03-3107868380ns5:ShareCapital2025-03-3107868380ns5:ShareCapital2024-03-3107868380ns5:RetainedEarningsAccumulatedLosses2025-03-3107868380ns5:RetainedEarningsAccumulatedLosses2024-03-3107868380ns5:NetGoodwill2024-04-012025-03-3107868380ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107868380ns5:PlantMachinery2024-04-012025-03-3107868380ns5:NetGoodwill2024-03-3107868380ns5:NetGoodwill2025-03-3107868380ns5:NetGoodwill2024-03-3107868380ns5:PlantMachinery2024-03-3107868380ns5:PlantMachinery2025-03-3107868380ns5:PlantMachinery2024-03-3107868380ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107868380ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107868380ns5:WithinOneYear2025-03-3107868380ns5:WithinOneYear2024-03-3107868380ns5:BetweenOneFiveYears2025-03-3107868380ns5:BetweenOneFiveYears2024-03-3107868380ns5:AllPeriods2025-03-3107868380ns5:AllPeriods2024-03-31
REGISTERED NUMBER: 07868380 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Just Motorcycles Limited

Just Motorcycles Limited (Registered number: 07868380)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Just Motorcycles Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: D MacPherson





REGISTERED OFFICE: Unit 1
Moniton Trading Centre
Westham Lane
Basingstoke
Hampshire
RG22 6NQ





REGISTERED NUMBER: 07868380 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Just Motorcycles Limited (Registered number: 07868380)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,256 31,505
24,256 31,505

CURRENT ASSETS
Stocks 26,032 24,396
Debtors 6 4,050 5,741
Cash at bank and in hand 26,636 33,803
56,718 63,940
CREDITORS
Amounts falling due within one year 7 49,006 55,792
NET CURRENT ASSETS 7,712 8,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,968

39,653

CREDITORS
Amounts falling due after more than one
year

8

-

(13,429

)

PROVISIONS FOR LIABILITIES (4,609 ) (5,986 )
NET ASSETS 27,359 20,238

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 27,249 20,128
SHAREHOLDERS' FUNDS 27,359 20,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Just Motorcycles Limited (Registered number: 07868380)

Balance Sheet - continued
31 March 2025


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 23 June 2025 and were signed by:





D MacPherson - Director


Just Motorcycles Limited (Registered number: 07868380)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Just 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 represents net invoiced sale of goods and services, excluding value added tax, which are recognised when the goods and services are provided.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2011, has been fully amortised.

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 etc - 33% on cost, 25% on reducing balance and 20% 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.

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.

Just Motorcycles Limited (Registered number: 07868380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 40,000
AMORTISATION
At 1 April 2024
and 31 March 2025 40,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 98,916
Additions 914
At 31 March 2025 99,830
DEPRECIATION
At 1 April 2024 67,411
Charge for year 8,163
At 31 March 2025 75,574
NET BOOK VALUE
At 31 March 2025 24,256
At 31 March 2024 31,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 585 3,376
Other debtors 3,465 2,365
4,050 5,741

Just Motorcycles Limited (Registered number: 07868380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 11,657 7,358
Taxation and social security 13,569 13,458
Other creditors 23,780 24,976
49,006 55,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 13,429

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 12,750 16,464
Between one and five years - 11,688
12,750 28,152

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D MacPherson.