Company Registration No. 08691741 (England and Wales)
The Motorcycle Co SW Limited
Unaudited accounts
for the year ended 31 December 2024
The Motorcycle Co SW Limited
Unaudited accounts
Contents
The Motorcycle Co SW Limited
Company Information
for the year ended 31 December 2024
Company Number
08691741 (England and Wales)
Registered Office
The Motorcycle Co
Tuckers Maltings
Teign Road
Newton Abbot
Devon
TQ12 4AA
England
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
The Motorcycle Co SW Limited
Statement of financial position
as at 31 December 2024
Tangible assets
8,964
10,835
Cash at bank and in hand
67
(12)
Creditors: amounts falling due within one year
(26,374)
(18,871)
Net current liabilities
(8,174)
(6,595)
Total assets less current liabilities
790
4,240
Creditors: amounts falling due after more than one year
(620)
(4,220)
Called up share capital
100
100
Profit and loss account
70
(80)
Shareholders' funds
170
20
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 3 September 2025 and were signed on its behalf by
Mr Matthew Yates
Director
Company Registration No. 08691741
The Motorcycle Co SW Limited
Notes to the Accounts
for the year ended 31 December 2024
The Motorcycle Co SW Limited is a private company, limited by shares, registered in England and Wales, registration number 08691741. The registered office is The Motorcycle Co, Tuckers Maltings, Teign Road, Newton Abbot, Devon, TQ12 4AA, England.
2
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:
Land & buildings
20% Reducing Balance Basis
Plant & machinery
20% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
Fixtures & fittings
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The Motorcycle Co SW Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
2,678
13,734
15,505
2,039
100
34,056
At 31 December 2024
2,678
14,105
15,505
2,039
100
34,427
At 1 January 2024
2,393
9,201
9,892
1,715
20
23,221
Charge for the year
57
981
1,123
65
16
2,242
At 31 December 2024
2,450
10,182
11,015
1,780
36
25,463
At 31 December 2024
228
3,923
4,490
259
64
8,964
At 31 December 2023
285
4,533
5,613
324
80
10,835
Amounts falling due within one year
Accrued income and prepayments
385
257
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,600
3,600
Trade creditors
4,087
2,810
Taxes and social security
1,218
1,126
Loans from directors
15,262
6,682
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).