Paul Nobbs Motorcycles Ltd - Filleted accounts

Registered number

08053474

Paul Nobbs Motorcycles Ltd

Filleted Accounts

31 March 2025

Paul Nobbs Motorcycles Ltd
Registered number:		08053474
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		18,958			24,640

Current assets
Stocks		21,534			21,051
Debtors	4	3,624			4,042
Cash at bank and in hand		157,289			139,259
		182,447			164,352

Creditors: amounts falling due within one year	5	(28,430)			(35,538)

Net current assets			154,017			128,814

Total assets less current liabilities			172,975			153,454


Provisions for liabilities			(691)			(412)


Net assets			172,284			153,042

Capital and reserves
Called up share capital			1			1
Profit and loss account			172,283			153,041

Shareholders' funds			172,284			153,042

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Paul Edward Nobbs
Director
Approved by the board on 27 September 2025

Paul Nobbs Motorcycles Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost on a reducing balance basis , as follows:
	Plant and machinery			25% per year
	Motor vehicles			25% per year

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		3


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			8,120		31,505		39,625
	Additions			637		-		637
	At 31 March 2025			8,757		31,505		40,262

	Depreciation
	At 1 April 2024			7,109		7,876		14,985
	Charge for the year			412		5,907		6,319
	At 31 March 2025			7,521		13,783		21,304

	Net book value
	At 31 March 2025			1,236		17,722		18,958
	At 31 March 2024			1,011		23,629		24,640


4	Debtors					2025		2024
£							£

	Trade debtors					-		431
	Prepayments					3,624		3,611
						3,624		4,042


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					5,816		13,014
	Corporation tax					17,958		16,475
	Other taxes and social security costs					4,370		5,065
	Directors loan					286		984
						28,430		35,538


6	Loans from director to company
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Paul Edward Nobbs
	Interest Free Loan	875		43,082		(43,793)		164

		875		43,082		(43,793)		164


7	Other information

	Paul Nobbs Motorcycles Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2a, Ely Road
	Sutton
	Ely
	Cambridgeshire
	CB6 2QD