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REGISTERED NUMBER: 05319291 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JIM AIM MOTORCYCLES LIMITED

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| JIM AIM MOTORCYCLES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | Mrs S A Aim

| A N Aim

| I J Aim

| J Botting

| SECRETARY: | I J Aim

| REGISTERED OFFICE: | 144 Rayne Road

| Braintree

| Essex

| CM7 2QS

| REGISTERED NUMBER: | 05319291 (England and Wales)

| ACCOUNTANTS: | Seago and Stopps

| Chartered Certified Accountants

| 61 Station Road

| Sudbury

| Suffolk

| CO10 2SP

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

BALANCE SHEET

31 JANUARY 2025

31.1.24 |  | 31.1.25 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

806 |  |  | Intangible assets | 4 | - |  |

105,408 |  |  | Tangible assets | 5 | 108,873 |  |

106,214 |  | 108,873 |  |

| CURRENT ASSETS

1,211,706 |  |  | Stocks | 987,353 |  |

109,612 |  |  | Debtors | 6 | 207,296 |  |

674,148 |  |  | Cash at bank and in hand | 596,288 |  |

1,995,466 |  | 1,790,937 |  |

| CREDITORS

1,110,546 |  |  | Amounts falling due within one year | 7 | 873,264 |  |

884,920 |  |  | NET CURRENT ASSETS | 917,673 |  |

991,134 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 1,026,546 |  |

| CREDITORS

(19,167 | ) |  | Amounts falling due after more than one year | 8 | (9,167 | ) |

(9,119 | ) |  | PROVISIONS FOR LIABILITIES | (8,058 | ) |

962,848 |  |  | NET ASSETS | 1,009,321 |  |

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

BALANCE SHEET - continued

31 JANUARY 2025

31.1.24 |  | 31.1.25 |

£ | £ |  | Notes | £ | £ |

| CAPITAL AND RESERVES

100 |  |  | Called up share capital | 100 |  |

962,748 |  |  | Retained earnings | 1,009,221 |  |

962,848 |  |  | SHAREHOLDERS' FUNDS | 1,009,321 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

I J Aim - Director

A N Aim - Director

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Jim Aim Motorcycles 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

| Goodwill

| Goodwill, being the amount paid in connection with the acquistion of a business in 2005, has been amortised evenly over its estimated useful life of 10 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

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

| Long leasehold | - | in accordance with the property

| Plant and equipment | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals |  | Goodwill |  | Website

£ | £ | £ |

| COST

| At 1 February 2024

| and 31 January 2025 | 82,355 |  | 60,000 |  | 22,355 |  |

| AMORTISATION

| At 1 February 2024 | 81,549 |  | 60,000 |  | 21,549 |  |

| Amortisation for year | 806 |  | - |  | 806 |  |

| At 31 January 2025 | 82,355 |  | 60,000 |  | 22,355 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  | - |  | - |  |

| At 31 January 2024 | 806 |  | - |  | 806 |  |

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | TANGIBLE FIXED ASSETS

| Long |  | Plant and |  | Motor |  | Office

| Totals |  | leasehold |  | equipment |  | vehicles |  | equipment

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 246,716 |  | 158,523 |  | 29,559 |  | 39,735 |  | 18,899 |  |

| Additions | 20,992 |  | 18,383 |  | 1,105 |  | - |  | 1,504 |  |

| At 31 January 2025 | 267,708 |  | 176,906 |  | 30,664 |  | 39,735 |  | 20,403 |  |

| DEPRECIATION

| At 1 February 2024 | 141,308 |  | 71,753 |  | 25,244 |  | 30,558 |  | 13,753 |  |

| Charge for year | 17,527 |  | 12,206 |  | 1,361 |  | 2,295 |  | 1,665 |  |

| At 31 January 2025 | 158,835 |  | 83,959 |  | 26,605 |  | 32,853 |  | 15,418 |  |

| NET BOOK VALUE

| At 31 January 2025 | 108,873 |  | 92,947 |  | 4,059 |  | 6,882 |  | 4,985 |  |

| At 31 January 2024 | 105,408 |  | 86,770 |  | 4,315 |  | 9,177 |  | 5,146 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 12,095 |  | 13,015 |  |

| Other debtors | 195,201 |  | 96,597 |  |

207,296 |  | 109,612 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 679,746 |  | 936,309 |  |

| Taxation and social security | 77,690 |  | 45,428 |  |

| Other creditors | 105,828 |  | 118,809 |  |

873,264 |  | 1,110,546 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans | 9,167 |  | 19,167 |  |

JIM AIM MOTORCYCLES LIMITED (REGISTERED NUMBER: 05319291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.1.25 |  | 31.1.24

£ | £ |

| Within one year | 60,000 |  | 60,000 |  |

| Between one and five years | 240,000 |  | 240,000 |  |

| In more than five years | 110,000 |  | 170,000 |  |

410,000 |  | 470,000 |  |

| The company has entered into a lease rental agreement for its business premises at an annual rental of £60,000. The lease expires in November 2031.