REGISTERED NUMBER: 03237607 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KJM SUPERBIKES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E Mason

L J Mason

SECRETARY:

G Davies

REGISTERED OFFICE:

2A Toogood Lane

Wrightington

Wigan

Lancashire

WN6 9PL

REGISTERED NUMBER:

03237607 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Yorkshire Bank plc

3 Orchard Street

Preston

PR1 2EN

FIXED ASSETS

Tangible assets

4

2,415

3,219

CURRENT ASSETS

Stocks

481,528

411,458

Debtors: amounts falling due within one year

5

2,630,241

2,644,919

Cash at bank and in hand

28,813

11,310

3,140,582

3,067,687

CREDITORS

Amounts falling due within one year

6

1,181,531

1,102,388

NET CURRENT ASSETS

1,959,051

1,965,299

TOTAL ASSETS LESS CURRENT LIABILITIES

1,961,466

1,968,518

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,961,463

1,968,515

SHAREHOLDERS' FUNDS

1,961,466

1,968,518

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

L J Mason - Director

1.	STATUTORY INFORMATION

KJM Superbikes 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.

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 the fair value of income received from the sale of new and used motor bikes to both the general public and to other group companies, excluding discounts and value added tax.

The company recognises revenue when the goods have been delivered and the title of goods has passed.

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation and any impairment.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives as follows:

Improvements to property

- 20% on reducing balance

Plant and machinery

- 20% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Motor vehicles

- 20% on reducing balance

Computer equipment

- 20% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

Stocks

Stocks are stated at the lower of cost and selling price after any provision for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Foreign currencies

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of transaction.

Leases

Rentals payable under operating leases are charged to the profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The following assets and liabilities are classified as basic financial instruments - trade debtors, trade creditors and related party loans. Basic financial instruments are recognised at amortised cost.

Related party loans have no stated interest rate, are payable on demand and are measured at the undiscounted amount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

and 31 December 2024

105,345

30,962

27,388

DEPRECIATION

At 1 January 2024

103,104

30,631

27,158

Charge for year

560

83

57

At 31 December 2024

103,664

30,714

27,215

NET BOOK VALUE

At 31 December 2024

1,681

248

173

At 31 December 2023

2,241

331

230

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

5,098

41,101

209,894

DEPRECIATION

At 1 January 2024

5,098

40,684

206,675

Charge for year

-

104

804

At 31 December 2024

5,098

40,788

207,479

NET BOOK VALUE

At 31 December 2024

-

313

2,415

At 31 December 2023

-

417

3,219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

163,491

130,215

Amounts owed by group undertakings

2,444,038

2,493,237

Other debtors

19,703

20,281

Deferred tax asset

1,924

158

Prepayments

1,085

1,028

2,630,241

2,644,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

8,058

Trade creditors

31,898

10,025

Amounts owed to group undertakings

1,018,386

1,003,740

Tax

(62

)

34,272

Social security and other taxes

87,664

12,836

Other creditors

40,018

30,830

Accrued expenses

3,627

2,627

1,181,531

1,102,388

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, premises rent of £50,000 (2023: £50,000) was paid to the directors of the company.

9.	ULTIMATE PARENT COMPANY