BILL THOMAS MOTORCYCLES LTD - Filleted accounts

BILL THOMAS MOTORCYCLES LTD
Registered number:		04483017
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		10,000			10,000
Tangible assets	4		22,291			27,326
			32,291			37,326

Current assets
Stocks		29,271			31,123
Debtors	5	518			1,505
Cash at bank and in hand		7,876			9,270
		37,665			41,898

Creditors: amounts falling due within one year	6	(21,801)			(23,352)

Net current assets			15,864			18,546

Total assets less current liabilities			48,155			55,872


Provisions for liabilities			(2,902)			(3,809)


Net assets			45,253			52,063

Capital and reserves
Called up share capital			1			1
Profit and loss account			45,252			52,062

Shareholder's funds			45,253			52,063

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Lynch
Director
Approved by the board on 13 January 2026

BILL THOMAS MOTORCYCLES LTD
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Alterations to leasehold premises			straight line over 50 years
	Fixtures, fittings and equipment			10% written down value
	Motor vehicles			25% written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 August 2024							10,000
	At 31 July 2025							10,000

	Amortisation
	At 31 July 2025							-

	Net book value
	At 31 July 2025							10,000
	At 31 July 2024							10,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Fixtures, fittings and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	13,012		8,442		28,136		49,590
	At 31 July 2025	13,012		8,442		28,136		49,590

	Depreciation
	At 1 August 2024	5,735		6,857		9,672		22,264
	Charge for the year	260		159		4,616		5,035
	At 31 July 2025	5,995		7,016		14,288		27,299

	Net book value
	At 31 July 2025	7,017		1,426		13,848		22,291
	At 31 July 2024	7,277		1,585		18,464		27,326




5	Debtors					2025		2024
£							£

	Other debtors					518		1,505


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					3,117		2,673
	Corporation tax					2,170		682
	Other taxes and social security costs					2,502		125
	Other creditors					14,012		19,872
						21,801		23,352


7	Other information

	BILL THOMAS MOTORCYCLES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	105 Redbrook Road
	Barnsley
	South Yorkshire
	S75 2RG