P J MOTORCYCLE ENGINEERS LIMITED

Registered number

04807171

Filleted Accounts

31 July 2025

P J MOTORCYCLE ENGINEERS LIMITED
Registered number:		04807171
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		80,000			80,000
Tangible assets	4		20,810			22,930
			100,810			102,930

Current assets
Stocks		4,280			4,280
Cash at bank and in hand		6,783			13,192
		11,063			17,472

Creditors: amounts falling due within one year	5	(77,512)			(87,411)

Net current liabilities			(66,449)			(69,939)

Total assets less current liabilities			34,361			32,991

Creditors: amounts falling due after more than one year	6		(8,334)			(18,329)



Net assets			26,027			14,662

Capital and reserves
Called up share capital			1			1
Profit and loss account			26,026			14,661

Shareholder's funds			26,027			14,662

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.




P Vetere
Director
Approved by the board on 24 April 2026

P J MOTORCYCLE ENGINEERS LIMITED
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 (as applied to small entities by section 1A of the standard).

	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:

	Plant and machinery			15% reducing balance
	Motor vehicles			15% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	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.

	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.

	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.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 August 2024							80,000
	At 31 July 2025							80,000

	Amortisation
	At 31 July 2025							-

	Net book value
	At 31 July 2025							80,000
	At 31 July 2024							80,000



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	9,722		88,376		40,651		138,749
	At 31 July 2025	9,722		88,376		40,651		138,749

	Depreciation
	At 1 August 2024	-		76,560		39,259		115,819
	Charge for the year	-		1,772		348		2,120
	At 31 July 2025	-		78,332		39,607		117,939

	Net book value
	At 31 July 2025	9,722		10,044		1,044		20,810
	At 31 July 2024	9,722		11,816		1,392		22,930


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

	Bank loans and overdrafts					39,847		37,560
	Trade creditors					6,200		13,924
	Taxation and social security costs					28,556		31,067
	Director's current account					64		500
	Other creditors and accruals					2,845		4,360
						77,512		87,411


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

	Bank loans					8,334		18,329


7	Other information

	P J MOTORCYCLE ENGINEERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	21 Rookery Street
	Wolverhampton
	WV11 1UN