Motorcycle Products Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04356406

Motorcycle Products Limited

Filleted Unaudited Financial Statements

28 February 2025

Motorcycle Products Limited

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Motorcycle Products Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,781		2,374

Current assets

Debtors	6	729	2,310
Cash at bank and in hand		13,757	19,620
		--------	--------
		14,486	21,930

Creditors: amounts falling due within one year	7	11,485		10,348
		--------		--------
Net current assets			3,001		11,582
			-------		--------
Total assets less current liabilities			4,782		13,956
			-------		--------
Net assets			4,782		13,956
			-------		--------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		4,781	13,955
		-------	--------
Shareholders funds		4,782	13,956
		-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Motorcycle Products Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

M D Arnold
Director

Company registration number: 04356406

Motorcycle Products Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Old Grammar Lane, Bungay, Norfolk, NR35 1PU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Office equipment	Total
	£	£
Cost
At 1 March 2024 and 28 February 2025	11,002	11,002
	--------	--------
Depreciation
At 1 March 2024	8,628	8,628
Charge for the year	593	593
	--------	--------
At 28 February 2025	9,221	9,221
	--------	--------
Carrying amount
At 28 February 2025	1,781	1,781
	--------	--------
At 29 February 2024	2,374	2,374
	--------	--------

6. Debtors

	2025	2024
	£	£
Corporation tax repayable	–	2,310
Other debtors	729	–
	----	-------
	729	2,310
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	3,634	3,460
Social security and other taxes	1,480	2,010
Director loan accounts	6,371	4,794
Other creditors	–	84
	--------	--------
	11,485	10,348
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Related party transactions

At the year end the company owed the director £6,371 (2024 - £4,794) which is shown amongst creditors.