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Company Registration No. 08038146 (England and Wales)
PHIL'S MOTORCYCLE MALL LIMITED Unaudited accounts for the year ended 30 April 2025
PHIL'S MOTORCYCLE MALL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PHIL'S MOTORCYCLE MALL LIMITED Company Information for the year ended 30 April 2025
Directors
Jonathan Robert Nickola Chant Philip Wesley Chant Anna Chant
Secretary
Anna Chant
Company Number
08038146 (England and Wales)
Registered Office
60 West Way Bournemouth Dorset BH9 3EA England
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PHIL'S MOTORCYCLE MALL LIMITED Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
117,632
103,509
Current assets
Inventories
6
16,511
20,621
Debtors
7
4,086
211
Cash at bank and in hand
2,104
252
22,701
21,084
Creditors: amounts falling due within one year
8
(111,087)
(64,707)
Net current liabilities
(88,386)
(43,623)
Total assets less current liabilities
29,246
59,886
Creditors: amounts falling due after more than one year
9
-
(33,911)
Provisions for liabilities
Deferred tax
(4,750)
(1,900)
Net assets
24,496
24,075
Capital and reserves
Called up share capital
100
100
Profit and loss account
24,396
23,975
Shareholders' funds
24,496
24,075
For the year ending 30 April 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 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 of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Jonathan Robert Nickola Chant Director Company Registration No. 08038146
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PHIL'S MOTORCYCLE MALL LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PHIL'S MOTORCYCLE MALL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08038146. The registered office is 60 West Way, Bournemouth, Dorset, BH9 3EA, England.
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:
Land & buildings
not depreciated
Plant & machinery
25% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PHIL'S MOTORCYCLE MALL LIMITED Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
75,000
At 30 April 2025
75,000
Amortisation
At 1 May 2024
75,000
At 30 April 2025
75,000
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 1 May 2024
100,000
9,008
15,274
124,282
Revaluations
15,000
-
-
15,000
At 30 April 2025
115,000
9,008
15,274
139,282
Depreciation
At 1 May 2024
-
7,828
12,945
20,773
Charge for the year
-
295
582
877
At 30 April 2025
-
8,123
13,527
21,650
Net book value
At 30 April 2025
115,000
885
1,747
117,632
At 30 April 2024
100,000
1,180
2,329
103,509
The property was subject to a director's valuation as of 30 April 2025. If the property had not been revalued, it would have been included at the cost of £100,000.
6
Inventories
2025
2024
£
£
Finished goods
16,511
20,621
16,511
20,621
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,018
211
Other debtors
68
-
4,086
211
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PHIL'S MOTORCYCLE MALL LIMITED Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
26,725
VAT
818
86
Taxes and social security
(205)
(68)
Loans from directors
109,760
36,774
Accruals
714
1,190
111,087
64,707
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
33,911
10
Average number of employees
During the year the average number of employees was 2 (2024: 4).
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