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Company Registration No. 03289714 (England and Wales)
Wallasey Motor Cycles Limited Unaudited accounts for the year ended 31 December 2024
Wallasey Motor Cycles Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
112,099 
112,099 
Current assets
Inventories
860,696 
855,264 
Debtors
5
105,458 
101,055 
Cash at bank and in hand
41,578 
21,694 
1,007,732 
978,013 
Creditors: amounts falling due within one year
6
(705,651)
(543,932)
Net current assets
302,081 
434,081 
Total assets less current liabilities
414,180 
546,180 
Creditors: amounts falling due after more than one year
7
(26,616)
(158,616)
Net assets
387,564 
387,564 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
387,464 
387,464 
Shareholders' funds
387,564 
387,564 
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 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 26 September 2025 and were signed on its behalf by
S J Smith Director Company Registration No. 03289714
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Wallasey Motor Cycles Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Wallasey Motor Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 03289714. The registered office is 100 Rake Lane, Wallasey, Merseyside, CH45 5DE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
37,495 
134,556 
172,051 
At 31 December 2024
37,495 
134,556 
172,051 
Depreciation
At 1 January 2024
- 
59,952 
59,952 
At 31 December 2024
- 
59,952 
59,952 
Net book value
At 31 December 2024
37,495 
74,604 
112,099 
At 31 December 2023
37,495 
74,604 
112,099 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
105,458 
101,055 
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Wallasey Motor Cycles Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
26,616 
Trade creditors
498,758 
434,845 
Loans from directors
206,893 
82,471 
705,651 
543,932 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,616 
26,616 
Loans from directors
- 
132,000 
26,616 
158,616 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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