Company Registration No. 11494843 (England and Wales)
Superbike Specialists LTD
Unaudited accounts (AMENDED)
for the year ended 31 July 2025
Superbike Specialists LTD
Unaudited accounts (AMENDED)
Contents
Superbike Specialists LTD
Company Information
for the year ended 31 July 2025
Directors
E. Hunter
J. Thompson
Company Number
11494843 (England and Wales)
Registered Office
Unit A, Copley Business Park
Wakefield Road, Copley
Halifax
West Yorkshire
HX3 0UA
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Superbike Specialists LTD
Statement of financial position
as at 31 July 2025
Tangible assets
54,712
65,159
Inventories
282,844
340,505
Cash at bank and in hand
71,072
131,595
Creditors: amounts falling due within one year
(329,732)
(306,212)
Net current assets
96,242
234,471
Total assets less current liabilities
151,527
300,395
Creditors: amounts falling due after more than one year
(197,700)
(269,187)
Provisions for liabilities
Net (liabilities)/assets
(46,173)
23,005
Called up share capital
100
100
Profit and loss account
(46,273)
22,905
Shareholders' funds
(46,173)
23,005
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by
E. Hunter
Director
Company Registration No. 11494843
Superbike Specialists LTD
Notes to the Accounts
for the year ended 31 July 2025
Superbike Specialists LTD is a private company, limited by shares, registered in England and Wales, registration number 11494843. The registered office is Unit A, Copley Business Park, Wakefield Road, Copley, Halifax, West Yorkshire, HX3 0UA.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
10% Straight Line
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Superbike Specialists LTD
Notes to the Accounts
for the year ended 31 July 2025
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The Directors consider that it is appropriate to prepare the accounts on the going concern basis.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
12,556
75,547
9,679
2,954
100,736
Additions
278
-
-
2,497
2,775
At 31 July 2025
12,834
75,547
9,679
5,451
103,511
At 1 August 2024
6,132
26,235
1,941
1,269
35,577
Charge for the year
1,341
9,863
973
1,045
13,222
At 31 July 2025
7,473
36,098
2,914
2,314
48,799
At 31 July 2025
5,361
39,449
6,765
3,137
54,712
At 31 July 2024
6,424
49,312
7,738
1,685
65,159
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
30,110
49,312
Superbike Specialists LTD
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Trade debtors
38,893
36,040
Deferred tax asset
7,741
-
Accrued income and prepayments
8,410
5,240
Other debtors
4,167
10,289
Amounts falling due after more than one year
Other debtors
12,847
17,014
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
51,069
48,407
Obligations under finance leases and hire purchase contracts
12,029
15,820
Trade creditors
4,949
6,182
Taxes and social security
3,941
1,469
Other creditors
39,019
23,088
Loans from directors
200,176
188,596
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
164,290
215,358
Obligations under finance leases and hire purchase contracts
19,136
31,166
Other creditors
14,274
22,663
Aggregate of amounts that fall due for payment after five years
-
8,411
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Deferred taxation
2025
2024
Accelerated capital allowances
5,766
8,203
Tax losses carried forward
(13,507)
-
Provision at start of year
8,203
4,157
(Credited)/charged to the profit and loss account
(15,944)
4,046
Provision at end of year
(7,741)
8,203
Superbike Specialists LTD
Notes to the Accounts
for the year ended 31 July 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The company is in receipt of loans amounting to £200,176.00 from members of key management personnel.
Loan 1 amounts to £133,881.00, is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
Loan 2 amounts to £66,295.00 is payable on demand and the rate of interest is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
The directors have agreed not to seek repayment of these amounts until the company has sufficient funds to do so.
12
Average number of employees
During the year the average number of employees was 5 (2024: 5).