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REGISTERED NUMBER: 04808387 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Taunton School Of Motorcycling Limited

| Taunton School Of Motorcycling Limited (Registered number: 04808387) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 6 |

| Taunton School Of Motorcycling Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Mrs T Burt

| REGISTERED OFFICE: | 5 Barnfield Crescent

| Exeter

| Devon

| EX1 1QT

| REGISTERED NUMBER: | 04808387 (England and Wales)

| ACCOUNTANTS: | Kirk Hills Business Advisors

| a trading name of RT Marke &

| Co Chartered Accountants Ltd

| 5 Barnfield Crescent

| Exeter

| Devon

| EX1 1QT

| Taunton School Of Motorcycling Limited (Registered number: 04808387) |

Balance Sheet

31 December 2024

31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 17,910 |  | 6,678 |  |

17,910 |  | 6,678 |  |

CURRENT ASSETS

Debtors | 6 | 938 |  | 4,656 |  |

Cash at bank | 5,661 |  | 5,360 |  |

6,599 |  | 10,016 |  |

CREDITORS

Amounts falling due within one year | 7 | 15,131 |  | 10,751 |  |

NET CURRENT LIABILITIES | (8,532 | ) | (735 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,378 |  | 5,943 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,444 | ) | (4,250 | ) |

PROVISIONS FOR LIABILITIES | (3,403 | ) | (1,269 | ) |

NET ASSETS | 4,531 |  | 424 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 4,529 |  | 422 |  |

SHAREHOLDERS' FUNDS | 4,531 |  | 424 |  |

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

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

The director acknowledges her 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.

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 22 August 2025 and were signed by:

Mrs T Burt - Director

| Taunton School Of Motorcycling Limited (Registered number: 04808387) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Taunton School Of Motorcycling 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.

| 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 net invoiced sales of motorcycling tuition, excluding value added tax.

| Goodwill

| Goodwill acquired in 2009, previously being amortised over 20 years, is being amortised over its estimated remaining useful life of 5 years from 1 January 2015.

| 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 | - | 20% on reducing balance

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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 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.

| Taunton School Of Motorcycling Limited (Registered number: 04808387) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 January 2024

| and 31 December 2024 | 30,000 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 30,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2024 | 54,380 |  |

| Additions | 14,898 |  |

| At 31 December 2024 | 69,278 |  |

| DEPRECIATION

| At 1 January 2024 | 47,702 |  |

| Charge for year | 3,666 |  |

| At 31 December 2024 | 51,368 |  |

| NET BOOK VALUE

| At 31 December 2024 | 17,910 |  |

| At 31 December 2023 | 6,678 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.12.24 | 31.12.23 |

| £ | £

| Other debtors | 938 |  | 4,656 |  |

| Taunton School Of Motorcycling Limited (Registered number: 04808387) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.12.24 | 31.12.23 |

| £ | £

| Bank loans and overdrafts | 3,000 |  | 3,000 |  |

| Trade creditors | 108 |  | - |  |

| Taxation and social security | 1,175 |  | 2,405 |  |

| Other creditors | 10,848 |  | 5,346 |  |

15,131 |  | 10,751 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.12.24 | 31.12.23 |

| £ | £

| Bank loans | 1,444 |  | 4,250 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 | 31.12.23 |

| £ | £

| Mrs T Burt

| Balance outstanding at start of year | 2,900 |  | 5,406 |  |

| Amounts advanced | 10,481 |  | 17,090 |  |

| Amounts repaid | (19,096 | ) | (19,596 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (5,715 | ) | 2,900 |  |

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Taunton School Of Motorcycling Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taunton School Of Motorcycling Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Taunton School Of Motorcycling Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taunton School Of Motorcycling Limited and state those matters that we have agreed to state to the director of Taunton School Of Motorcycling Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taunton School Of Motorcycling Limited and its director for our work or for this report.

It is your duty to ensure that Taunton School Of Motorcycling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taunton School Of Motorcycling Limited. You consider that Taunton School Of Motorcycling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taunton School Of Motorcycling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Hills Business Advisors

a trading name of RT Marke &

Co Chartered Accountants Ltd

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

22 August 2025