Triple C Motorcycles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11657908

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		37,978		43,265
Tangible Assets	5		2,192		9,256

			40,170		52,521
CURRENT ASSETS
Stocks	6	30,291		30,451
Debtors	7	7,465		10,106
Cash at bank and in hand		7,378		6,994

		45,134		47,551
Creditors: Amounts Falling Due Within One Year	8	(156,148 )		(133,179 )

NET CURRENT ASSETS (LIABILITIES)			(111,014 )		(85,628 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(70,844 )		(33,107 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(9,947 )

NET LIABILITIES			(70,844 )		(43,054 )

CAPITAL AND RESERVES
Called up share capital	10		142,800		142,800
Profit and Loss Account			(213,644 )		(185,854 )

SHAREHOLDERS' FUNDS			(70,844)		(43,054)

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Triple C Motorcycles Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr ROBERT MCDERMOTT

Director

18/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Triple C Motorcycles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11657908 . The registered office is Unit 16 Dry Lane, Crawley Mill Industrial Estate, Witney, OX29 9TJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	20% Reducing balance
Computer Equipment	50% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 5)

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Triple C Motorcycles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	52,868

As at 31 December 2024	52,868

Amortisation
As at 1 January 2024	9,603
Provided during the period	5,287

As at 31 December 2024	14,890

Net Book Value
As at 31 December 2024	37,978

As at 1 January 2024	43,265

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	22,084	1,200	500	23,784
Additions	500	-	-	500

As at 31 December 2024	22,584	1,200	500	24,284

Depreciation
As at 1 January 2024	13,652	521	355	14,528
Provided during the period	7,019	400	145	7,564

As at 31 December 2024	20,671	921	500	22,092

Net Book Value
As at 31 December 2024	1,913	279	-	2,192

As at 1 January 2024	8,432	679	145	9,256

6. Stocks

	2024	2023
	£	£
Materials	9,458	19,636
Work in progress	20,833	10,815

	30,291	30,451

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,586	6,827
Other debtors	2,879	3,279

	7,465	10,106

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Triple C Motorcycles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,766	1,009
Bank loans and overdrafts	-	1,666
Amounts owed to participating interests	73,949	76,057
Other creditors	43,220	19,803
Taxation and social security	37,213	34,644

	156,148	133,179

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	9,947

£76,057 is a related-party loan that will only be repaid once the company is solvent.

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	142,800	142,800

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