TEASDALE MOTORCYCLES LTD
Registered number: 04875307
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
3 1,069,329 1,097,676
Current assets
Stocks 2,784,270 2,793,600
Debtors 4 772,771 640,802
Cash at bank and in hand 49,193 50,917
3,606,234 3,485,319
Creditors: amounts falling due within one year 5 (3,089,528) (3,241,821)
Net current assets 516,706 243,498
Total assets less current liabilities 1,586,035 1,341,174
Creditors: amounts falling due after more than one year 6 (577,432) (350,473)
Provisions for liabilities (35,066) (40,452)
Net assets 973,537 950,249
Capital and reserves
Called up share capital 10 10
Profit and loss account 973,527 950,239
Shareholders' funds 973,537 950,249
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Walker
Director
Approved by the board on 31 July 2025
TEASDALE MOTORCYCLES LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% written down value
Land and buildings straight line over 50 years
Computer equipment 25% straight line
Equipment, fixtures & fittings 10% written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Land and buildings Equipment, fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 1,034,030 435,439 77,772 1,547,241
Additions - 1,711 - 1,711
At 31 January 2025 1,034,030 437,150 77,772 1,548,952
Depreciation
At 1 February 2024 149,261 245,839 54,465 449,565
Charge for the year - 24,231 5,827 30,058
At 31 January 2025 149,261 270,070 60,292 479,623
Net book value
At 31 January 2025 884,769 167,080 17,480 1,069,329
At 31 January 2024 884,769 189,600 23,307 1,097,676
4 Debtors 2025 2024
£ £
Trade debtors 744 209,393
Other debtors 772,027 431,409
772,771 640,802
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 741,251 926,392
Obligations under finance lease and hire purchase contracts - 27,546
Trade creditors 2,082,392 2,136,072
Corporation tax 56,438 42,575
Other taxes and social security costs 137,199 71,624
Other creditors 72,248 37,612
3,089,528 3,241,821
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 577,432 350,473
7 Other information
TEASDALE MOTORCYCLES LTD is a private company limited by shares and incorporated in England. Its registered office is:
105 Redbrook Road
Barnsley
South Yorkshire
S75 2RG
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