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REGISTERED NUMBER: 01742651 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Woodbridge & District Motor Cycle Club
Limited

Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Woodbridge & District Motor Cycle Club
Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M J Dye
S J Leek
Ms D Harvey
I M Barfield
G Fleming
R J Blyth





SECRETARY: Mrs J S Leek





REGISTERED OFFICE: Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ





REGISTERED NUMBER: 01742651 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,735 96,860

CURRENT ASSETS
Debtors 5 2,596 2,646
Cash at bank and in hand 67,777 78,384
70,373 81,030
CREDITORS
Amounts falling due within one year 6 2,308 3,598
NET CURRENT ASSETS 68,065 77,432
TOTAL ASSETS LESS CURRENT LIABILITIES 203,800 174,292

PROVISIONS FOR LIABILITIES 7 19,381 11,850
NET ASSETS 184,419 162,442

RESERVES
Income and expenditure account 184,419 162,442
184,419 162,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 surplus or deficit 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.

Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Statement of Financial Position - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:





M J Dye - Director


Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Woodbridge & District Motor Cycle Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 income generated by the company by staging of events for the principal activity of the company namely that of a motor cycle club.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided
Buildings - 10% on cost
Plant & equipment - 20% on reducing balance
Tractors & Diggers - 5% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and bank facilities.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Plant &
land Buildings equipment
£    £    £   
COST
At 1 December 2023 14,476 32,764 86,778
Additions - 1,500 6,708
Disposals - - (24,150 )
At 30 November 2024 14,476 34,264 69,336
DEPRECIATION
At 1 December 2023 - 22,984 75,460
Charge for year - 2,370 2,279
Eliminated on disposal - - (22,215 )
At 30 November 2024 - 25,354 55,524
NET BOOK VALUE
At 30 November 2024 14,476 8,910 13,812
At 30 November 2023 14,476 9,780 11,318

Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Tractors Computer
& Diggers equipment Totals
£    £    £   
COST
At 1 December 2023 65,550 1,563 201,131
Additions 41,400 485 50,093
Disposals - - (24,150 )
At 30 November 2024 106,950 2,048 227,074
DEPRECIATION
At 1 December 2023 4,597 1,230 104,271
Charge for year 4,255 379 9,283
Eliminated on disposal - - (22,215 )
At 30 November 2024 8,852 1,609 91,339
NET BOOK VALUE
At 30 November 2024 98,098 439 135,735
At 30 November 2023 60,953 333 96,860

In the previous year, tractors held by the company were reclassified from plant & equipment to their own asset class. In the view of the directors these are now depreciated at 5% reducing balance, rather than the previous 20% reducing balance plant & equipment rate, as these assets hold their value well, due to the type of activity and limited hours these assets are used by the club. In the current year the tractors asset class was expanded to include any new diggers purchased.

The market value of the freehold land as at 30 November 2024 has been estimated by the directors at £108,000 (2023 - £108,000).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,596 2,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,308 3,598

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 21,346 12,320
Unrelieved tax losses (1,965 ) (470 )
19,381 11,850

Woodbridge & District Motor Cycle Club
Limited (Registered number: 01742651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 11,850
Charge to Statement of Income and Retained Earnings during year 7,531
Balance at 30 November 2024 19,381