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Company Registration No. 6470713 (England and Wales)
Fastline Superbikes Ltd Unaudited accounts for the year ended 28 February 2025
Fastline Superbikes Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Fastline Superbikes Ltd Company Information for the year ended 28 February 2025
Director
Gary Mitchell
Company Number
6470713 (England and Wales)
Registered Office
26-36 NEW HALL LANE PRESTON LANCASHIRE PR1 4DU
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Fastline Superbikes Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
17,873
21,053
Current assets
Inventories
358,950
368,750
Debtors
48,251
53,883
Cash at bank and in hand
90,580
163,093
497,781
585,726
Creditors: amounts falling due within one year
(87,079)
(149,805)
Net current assets
410,702
435,921
Total assets less current liabilities
428,575
456,974
Creditors: amounts falling due after more than one year
(2,500)
(12,500)
Net assets
426,075
444,474
Capital and reserves
Called up share capital
1
1
Profit and loss account
426,074
444,473
Shareholders' funds
426,075
444,474
For the year ending 28 February 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 11 November 2025 and were signed on its behalf by
Gary Mitchell Director Company Registration No. 6470713
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Fastline Superbikes Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Fastline Superbikes Ltd is a private company, limited by shares, registered in England and Wales, registration number 6470713. The registered office is 26-36 NEW HALL LANE, PRESTON, LANCASHIRE, PR1 4DU.
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:
Plant & machinery
5% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 March 2024
58,800
At 28 February 2025
58,800
Depreciation
At 1 March 2024
37,747
Charge for the year
3,180
At 28 February 2025
40,927
Net book value
At 28 February 2025
17,873
At 29 February 2024
21,053
5
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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