The Norvil Motorcycle Co. Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02497939

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,851		8,349

			6,851		8,349
CURRENT ASSETS
Stocks		691,452		719,165
Debtors	5	16,410		25,457
Cash at bank and in hand		15,346		13,347

		723,208		757,969
Creditors: Amounts Falling Due Within One Year	6	(184,852 )		(219,872 )

NET CURRENT ASSETS (LIABILITIES)			538,356		538,097

TOTAL ASSETS LESS CURRENT LIABILITIES			545,207		546,446

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,302 )		(1,586 )

NET ASSETS			543,905		544,860

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			543,903		544,858

SHAREHOLDERS' FUNDS			543,905		544,860

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The Norvil Motorcycle Co. Ltd.

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs S M Emery

Director

22nd April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Norvil Motorcycle Co. Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02497939 . The registered office is 96-98 The Corner Garage, Cannock Road Chase Terrace, Burntwood, Staffordshire, WS7 1JP.

The presentation currency of the financial statements is in the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on reducing balance
Fixtures & Fittings	33% on reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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The Norvil Motorcycle Co. Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. 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 the 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2024	22,696	20,002	6,207	48,905

As at 30 September 2025	22,696	20,002	6,207	48,905

Depreciation
As at 1 October 2024	17,091	17,547	5,918	40,556
Provided during the period	841	368	289	1,498

As at 30 September 2025	17,932	17,915	6,207	42,054

Net Book Value
As at 30 September 2025	4,764	2,087	-	6,851

As at 1 October 2024	5,605	2,455	289	8,349

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The Norvil Motorcycle Co. Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,097	9,143
Prepayments and accrued income	9,313	8,789
VAT	-	7,525

	16,410	25,457

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	54,495	114,694
Other taxes and social security	2,144	3,450
VAT	5,263	-
Pension Fund	700	700
Accruals and deferred income	7,120	6,898
Directors' loan accounts	115,130	94,130

	184,852	219,872

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

8. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the year ended 30 September 2025:

	As at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2025
	£	£	£	£	£
Mr Leslie Emery	48,828	1,500	-	-	50,329
Mrs Susan Emery	45,302	71,557	52,058	-	64,801

No interest is charged on loans from directors. Amounts are repayable on demand.

The property from which the company operates is personally owned by Mrs S M Emery.

No rents have been charged to the company by the director.

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