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Registration number: 08308923

Motorbiking Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Motorbiking Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Motorbiking Limited

Company Information

Director

NG Monk

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus Plus Limited
Chartered Certified Accountants4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Motorbiking Limited

(Registration number: 08308923)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

70,447

38,948

Current assets

 

Stocks

262,492

397,683

Debtors

5

11,869

7,353

Cash at bank and in hand

 

84,950

94,402

 

359,311

499,438

Creditors: Amounts falling due within one year

6

(50,949)

(40,610)

Net current assets

 

308,362

458,828

Total assets less current liabilities

 

378,809

497,776

Creditors: Amounts falling due after more than one year

6

(9,292)

-

Provisions for liabilities

-

(1,330)

Net assets

 

369,517

496,446

Capital and reserves

 

Called up share capital

150

150

Retained earnings

369,367

496,296

Shareholders' funds

 

369,517

496,446

 

Motorbiking Limited

(Registration number: 08308923)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 August 2025
 

NG Monk
Director

   
     
 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

These financial statements were authorised for issue by the director on 22 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

not depreciated

Plant and furniture

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Plant and furniture
£

Computer equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2024

31,947

8,577

4,428

26,695

Additions

800

293

2,655

40,045

Disposals

-

-

(970)

-

At 31 December 2024

32,747

8,870

6,113

66,740

Depreciation

At 1 January 2024

-

6,453

2,584

23,662

Charge for the year

-

361

1,114

10,769

Eliminated on disposal

-

-

(920)

-

At 31 December 2024

-

6,814

2,778

34,431

Carrying amount

At 31 December 2024

32,747

2,056

3,335

32,309

At 31 December 2023

31,947

2,124

1,844

3,033

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Total
£

Cost or valuation

At 1 January 2024

71,647

Additions

43,793

Disposals

(970)

At 31 December 2024

114,470

Depreciation

At 1 January 2024

32,699

Charge for the year

12,244

Eliminated on disposal

(920)

At 31 December 2024

44,023

Carrying amount

At 31 December 2024

70,447

At 31 December 2023

38,948

Included within the net book value of land and buildings above is £32,747 (2023 - £31,947) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

9,172

7,353

Other debtors

2,697

-

11,869

7,353

 

Motorbiking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,628

-

Trade creditors

 

25,724

9,570

Taxation and social security

 

5,238

10,816

Accruals and deferred income

 

3,405

3,131

Other creditors

 

11,954

17,093

 

50,949

40,610

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

9,292

-

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

9,292

-

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

4,628

-