CROSSAN MOTORCYCLES LIMITED


Directors	FEGAN, Adrian John
	MAGEE, Della Anne-Marie


Company Secretary	FEGAN, Adrian John


Registered Address	51 Crossan Road
	Mayobridge
	Newry
	BT34 2HY


Registered Number	NI050359 (Northern Ireland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		82,902		92,245
			82,902		92,245
Current assets
Stocks	4	2,594,399		2,160,200
Debtors		206,097		481,541
Cash at bank and on hand		625,273		269,773
		3,425,769		2,911,514
Creditors amounts falling due within one year	5	(1,174,599)		(927,642)
Net current assets (liabilities)			2,251,170		1,983,872
Total assets less current liabilities			2,334,072		2,076,117
Provisions for liabilities	6		(14,512)		(14,512)
Net assets			2,319,560		2,061,605
Capital and reserves
Called up share capital			2		2
Profit and loss account			2,319,558		2,061,603
Shareholders' funds			2,319,560		2,061,605

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2026, and are signed on its behalf by:

FEGAN, Adrian John
Director
Registered Company No. NI050359

CROSSAN MOTORCYCLES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		16

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	112,922	37,330	29,590	13,753	193,595
Additions	-	-	-	2,255	2,255
At 31 March 25	112,922	37,330	29,590	16,008	195,850
Depreciation and impairment
At 01 April 24	45,676	23,716	28,319	3,639	101,350
Charge for year	6,724	3,404	318	1,152	11,598
At 31 March 25	52,400	27,120	28,637	4,791	112,948
Net book value
At 31 March 25	60,522	10,210	953	11,217	82,902
At 31 March 24	67,246	13,614	1,271	10,114	92,245

4.	Stocks

	2025	2024
	£	£
Finished goods	2,594,399	2,160,200
Total	2,594,399	2,160,200

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,035,178	794,004
Taxation and social security	123,409	119,943
Other creditors	9,587	7,270
Accrued liabilities and deferred income	6,425	6,425
Total	1,174,599	927,642


	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.

6.	Provisions for liabilities
	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.

	2025	2024
	£	£
Net deferred tax liability (asset)	14,512	14,512
Total	14,512	14,512