Chelmsford City Motorcycles Ltd

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

Registered number: 08904106

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,008		2,244

			4,008		2,244
CURRENT ASSETS
Stocks	6	169,936		230,711
Debtors	7	17,966		43,060
Cash at bank and in hand		108,807		90,858

		296,709		364,629
Creditors: Amounts Falling Due Within One Year	8	(410,120 )		(445,423 )

NET CURRENT ASSETS (LIABILITIES)			(113,411 )		(80,794 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(109,403 )		(78,550 )

NET LIABILITIES			(109,403 )		(78,550 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(109,503 )		(78,650 )

SHAREHOLDERS' FUNDS			(109,403)		(78,550)

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Chelmsford City Motorcycles Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 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 William Bonney

Director

14th November 2025

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

1. General Information

Chelmsford City Motorcycles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08904106 . The registered office is 12 The Bentalls Centre, Colchester Road, Heybridge, Essex, CM9 4GD.

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. Going Concern Disclosure

At the balance sheet date the company's liabilities exceeded its assets by a significant amount. The ability of the company continue as a going concern is dependant on credit facilities provided by the directors on an informal and unsecured basis. The directors have confirmed that they will not see repayment of monies owed to them for a period at least in excess of 12 months from the date of their report. The financial statements are therefore prepared on a going concern basis.

2.3. 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.

2.4. 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.

2.5. 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
Computer Equipment	33% straight line

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Chelmsford City Motorcycles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	50,000

As at 31 March 2025	50,000

Amortisation
As at 1 April 2024	50,000

As at 31 March 2025	50,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	11,225
Additions	3,100

As at 31 March 2025	14,325

Depreciation
As at 1 April 2024	8,981
Provided during the period	1,336

As at 31 March 2025	10,317

Net Book Value
As at 31 March 2025	4,008

As at 1 April 2024	2,244

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Chelmsford City Motorcycles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	169,936	230,711

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,744	21,825
Prepayments and accrued income	7,222	21,235

	17,966	43,060

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	54,523	73,691
VAT	4,610	5,359
Accruals and deferred income	3,913	15,750
Directors' loan accounts	347,074	350,623

	410,120	445,423

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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