ACCOUNTS - Final Accounts preparation

Registered number: 11426512

CMC MOTORCYCLE STOCK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

CMC MOTORCYCLE STOCK LIMITED

COMPANY INFORMATION

Directors	R M Feltham
	D Feltham
	M B Feltham


Registered number	11426512


Registered office	Derwent Buildings
	High Street
	Clay Cross
	Chesterfield
	S45 9DP


Accountants	Shorts
	Chartered Accountants
	2 Ashgate Road
	Chesterfield
	S40 4AA


Bankers	Barclays Bank UK PLC

CMC MOTORCYCLE STOCK LIMITED

REGISTERED NUMBER: 11426512

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Current assets
Stocks	4	19,500		19,500
Debtors: amounts falling due within one year	5	7,200		3,392
Cash at bank and in hand		10,805		11,765
		37,505		34,657
Creditors: amounts falling due within one year	6	(33,001)		(21,829)
Net current assets			4,504		12,828
Creditors: amounts falling due after more than one year	7		(3,469)		(12,904)
Net assets/(liabilities)			1,035		(76)

Capital and reserves
Called up share capital	99	99
Profit and loss account	936	(175)
	1,035	(76)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2025.

R M Feltham

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

CMC MOTORCYCLE STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

CMC Motorcycle Stock Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11426512). Its registered office is Derwent Buildings, High Street, Clay Cross, Chesterfield, S45 9DP. The principal activity of the Company throughout the period was that of the sale of motorcycles.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 2

CMC MOTORCYCLE STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 3

CMC MOTORCYCLE STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Stocks
		2024	2023
		£	£

	Finished goods and goods for resale	19,500	19,500

Debtors

					2024	2023
					£	£

	Other debtors	7,200	3,392

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	9,565	9,329
Corporation tax	1,836	-
Other taxation and social security	1,200	-
Other creditors	19,900	12,000
Accruals and deferred income	500	500
	33,001	21,829

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Bank loans	3,469	12,904

8.	Related party transactions
	During the year, the Company made sales totalling £12,000 (2023: £3,392) to entities which are related by way of common control. Included within trade debtors is an amount of £7,200 (2023: £3,392) which remains outstanding.

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