REGISTERED NUMBER: 06762803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONQUEST MOTORCYCLES LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

4,343

5,791

Current assets

Stocks

173,500

150,000

Debtors

5

18,970

3,602

Cash at bank

2,047

12,123

194,517

165,725

Creditors

Amounts falling due within one year

6

80,472

79,003

Net current assets

114,045

86,722

Total assets less current liabilities

118,388

92,513

Creditors

Amounts falling due after more than one year

7

(54,964

)

(26,105

)

Provisions for liabilities

8

(825

)

(1,100

)

Net assets

62,599

65,308

Capital and reserves

Called up share capital

9

100

100

Retained earnings

62,499

65,208

Shareholders' funds

62,599

65,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr H Parrin - Director

1.	Statutory information

Conquest Motorcycles Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 06762803. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 1 Victory Close, Woolsbridge Industrial Estate, Three Legged Cross, Wimborne, Dorset, BH21 6SX.

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 amounts receivable excluding value added tax, in respect of goods provided in the ordinary course of business. Turnover is recognised as soon as the goods have been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

10,837

2,895

13,850

27,582

Depreciation

At 1 January 2024

10,578

1,745

9,468

21,791

Charge for year

65

288

1,095

1,448

At 31 December 2024

10,643

2,033

10,563

23,239

Net book value

At 31 December 2024

194

862

3,287

4,343

At 31 December 2023

259

1,150

4,382

5,791

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

18,970

476

Tax

-

3,126

18,970

3,602

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

19,490

23,926

Trade creditors

12,666

16,370

Tax

-

13,034

Pension

-

154

VAT

1,530

2,114

Director's current account

44,336

20,705

Accruals and deferred income

2,450

2,700

80,472

79,003

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

28,921

20,272

Bank loans - 2-5 years

26,043

5,833

54,964

26,105

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

825

1,100

Deferred

tax

£

Balance at 1 January 2024

1,100

Credit to Income statement during year

(275

)

Balance at 31 December 2024

825

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

10.	Ultimate controlling party

The company is controlled by the director, Mr H Parrin, who owns 100% of the issued share capital.