Motorcycle and Scooter Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02499337

Motorcycle and Scooter Centre Limited

Filleted Unaudited Financial Statements

31 January 2026

Motorcycle and Scooter Centre Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		76,997	82,460

Current assets

Stocks		1,164,133	1,172,348
Debtors	6	12,292	6,205
Cash at bank and in hand		67,483	124,997
		------------	------------
		1,243,908	1,303,550

Creditors: amounts falling due within one year	7	410,063		580,809
		------------		------------
Net current assets			833,845	722,741
			---------	---------
Total assets less current liabilities			910,842	805,201

Creditors: amounts falling due after more than one year	8	373,187	365,982
		---------	---------
Net assets		537,655	439,219
		---------	---------

Capital and reserves

Called up share capital	4	4
Other reserves	–	14,149
Profit and loss account	537,651	425,066
	---------	---------
Shareholders funds	537,655	439,219
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Motorcycle and Scooter Centre Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Ms R O Webster-Noble

Director

Company registration number: 02499337

Motorcycle and Scooter Centre Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Pasture Road, Stapleford, Nottingham, Nottinghamshire, NG9 8GG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

	Equipment	-	15 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2025: 9 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2025 and 31 Jan 2026	76,976	21,982	131,217	47,518	73,478	351,171
	--------	--------	---------	--------	--------	---------
Depreciation
At 1 Feb 2025	19,154	15,199	120,453	45,383	68,522	268,711
Charge for the year	1,539	1,018	1,562	600	744	5,463
	--------	--------	---------	--------	--------	---------
At 31 Jan 2026	20,693	16,217	122,015	45,983	69,266	274,174
	--------	--------	---------	--------	--------	---------
Carrying amount
At 31 Jan 2026	56,283	5,765	9,202	1,535	4,212	76,997
	--------	--------	---------	--------	--------	---------
At 31 Jan 2025	57,822	6,783	10,764	2,135	4,956	82,460
	--------	--------	---------	--------	--------	---------

6. Debtors

	2026	2025
	£	£
Other debtors	12,292	6,205
	--------	-------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	6,444	6,205
	-------	-------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,334	10,000
Trade creditors	319,151	475,484
Corporation tax	36,303	44,047
Social security and other taxes	15,207	5,423
Other creditors	36,068	45,855
	---------	---------
	410,063	580,809
	---------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,334
Other creditors	373,187	362,648
	---------	---------
	373,187	365,982
	---------	---------

9. Fair value reserve

The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:

	2026	2025
	£	£
At start of year	14,149	16,382
Capital contribution	(14,149)	(2,233)
	--------	--------
At end of year	–	14,149
	--------	--------

10. Directors' advances, credits and guarantees

The amount owed to directors and their close family members totals £373,187 (2025: £376,797). Interest is payable to the directors at 9% on the amounts owed by the company. In prior years the Directors' loans were initially recorded at the present value of future payments discounted at a market rate of interest, and subsequently measured at amortised cost.