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REGISTERED NUMBER: 03114513 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

John Shirt Motorcycles Limited

John Shirt Motorcycles Limited (Registered number: 03114513)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

John Shirt Motorcycles Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | J R Shirt

| Mrs J Mellor

| REGISTERED OFFICE: | Harpur Hill Business Park

| Harpur Hill

| Buxton

| Derbyshire

| SK17 9JL

| REGISTERED NUMBER: | 03114513 (England and Wales)

| AUDITORS: | DLA Chartered Accountants

| Statutory Auditors

| 36A Market Street

| New Mills

| High Peak

| SK22 4AA

John Shirt Motorcycles Limited (Registered number: 03114513)

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 273,386 |  | 300,903 |  |

CURRENT ASSETS

Stocks | 734,836 |  | 1,021,282 |  |

Debtors | 5 | 32,192 |  | 44,710 |  |

Cash at bank and in hand | 2,411 |  | 5,952 |  |

769,439 |  | 1,071,944 |  |

CREDITORS

Amounts falling due within one year | 6 | 632,971 |  | 870,964 |  |

NET CURRENT ASSETS | 136,468 |  | 200,980 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 409,854 |  | 501,883 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (20,432 | ) | (43,064 | ) |

PROVISIONS FOR LIABILITIES | (9,617 | ) | (11,976 | ) |

NET ASSETS | 379,805 |  | 446,843 |  |

CAPITAL AND RESERVES

Called up share capital | 900 |  | 900 |  |

Capital redemption reserve | 200 |  | 200 |  |

Retained earnings | 378,705 |  | 445,743 |  |

SHAREHOLDERS' FUNDS | 379,805 |  | 446,843 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2026 and were signed on its behalf by:

J R Shirt - Director

Mrs J Mellor - Director

John Shirt Motorcycles Limited (Registered number: 03114513)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| John Shirt Motorcycles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Turnover is recognised at the point of despatch for all goods.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Improvements to property | - | 5% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Depreciation is not provided on freehold property as the length of the useful economic life, and the high residual value make the charge immaterial.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Foreign currencies

| 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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

John Shirt Motorcycles Limited (Registered number: 03114513)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 May 2024 | 225,392 |  | 255,061 |  | 79,712 |  |

| Additions | - |  | - |  | 3,745 |  |

| At 30 April 2025 | 225,392 |  | 255,061 |  | 83,457 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 235,654 |  | 56,034 |  |

| Charge for year | 4,256 |  | 12,753 |  | 6,238 |  |

| At 30 April 2025 | 4,256 |  | 248,407 |  | 62,272 |  |

| NET BOOK VALUE

| At 30 April 2025 | 221,136 |  | 6,654 |  | 21,185 |  |

| At 30 April 2024 | 225,392 |  | 19,407 |  | 23,678 |  |

John Shirt Motorcycles Limited (Registered number: 03114513)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024 | 4,753 |  | 89,292 |  | 21,336 |  | 675,546 |  |

| Additions | - |  | - |  | - |  | 3,745 |  |

| At 30 April 2025 | 4,753 |  | 89,292 |  | 21,336 |  | 679,291 |  |

| DEPRECIATION

| At 1 May 2024 | 4,571 |  | 57,771 |  | 20,613 |  | 374,643 |  |

| Charge for year | 27 |  | 7,880 |  | 108 |  | 31,262 |  |

| At 30 April 2025 | 4,598 |  | 65,651 |  | 20,721 |  | 405,905 |  |

| NET BOOK VALUE

| At 30 April 2025 | 155 |  | 23,641 |  | 615 |  | 273,386 |  |

| At 30 April 2024 | 182 |  | 31,521 |  | 723 |  | 300,903 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024

| and 30 April 2025 | 21,917 |  | 43,500 |  | 65,417 |  |

| DEPRECIATION

| At 1 May 2024 | 1,677 |  | 19,120 |  | 20,797 |  |

| Charge for year | 5,060 |  | 6,095 |  | 11,155 |  |

| At 30 April 2025 | 6,737 |  | 25,215 |  | 31,952 |  |

| NET BOOK VALUE

| At 30 April 2025 | 15,180 |  | 18,285 |  | 33,465 |  |

| At 30 April 2024 | 20,240 |  | 24,380 |  | 44,620 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 21,283 |  | 40,164 |  |

| Prepayments | 10,909 |  | 4,546 |  |

32,192 |  | 44,710 |  |

John Shirt Motorcycles Limited (Registered number: 03114513)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 164,385 |  | 17,131 |  |

| Hire purchase contracts | 12,632 |  | 12,632 |  |

| Trade creditors | 371,230 |  | 774,498 |  |

| Tax | 8,388 |  | 24,332 |  |

| Social security and other taxes | 2,880 |  | 2,964 |  |

| VAT | 69,028 |  | 35,495 |  |

| Director's account-JR Shirt | 296 |  | 47 |  |

| Director's account - J Mellor | 2,382 |  | 2,115 |  |

| Accrued expenses | 1,750 |  | 1,750 |  |

632,971 |  | 870,964 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans - 1-2 years | 1,667 |  | 10,000 |  |

| Bank loans - 2-5 years | - |  | 1,667 |  |

| Hire purchase contracts | 18,765 |  | 31,397 |  |

20,432 |  | 43,064 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 11,667 |  | 21,667 |  |

| Hire Purchase | - |  | 44,029 |  |

11,667 |  | 65,696 |  |

| The bank overdraft is secured by a formal charge over the land and buildings at Harpur Hill Industrial Estate.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| David Lee (Senior Statutory Auditor)

| for and on behalf of DLA Chartered Accountants