REGISTERED NUMBER: 01409055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

AJS MOTORCYCLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Brown

REGISTERED OFFICE:

126 Weyhill Road

Andover

Hants

SP10 3BE

REGISTERED NUMBER:

01409055 (England and Wales)

ACCOUNTANT:

Richard Kyte Associates

Chartered Certified Accountant

126 Weyhill Road

Andover

Hampshire

SP10 3BE

FIXED ASSETS

Tangible assets

4

239,922

248,687

CURRENT ASSETS

Stocks

637,100

631,768

Debtors

5

107,106

120,932

Cash at bank and in hand

149,583

186,567

893,789

939,267

CREDITORS

Amounts falling due within one year

6

133,105

140,378

NET CURRENT ASSETS

760,684

798,889

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000,606

1,047,576

CAPITAL AND RESERVES

Called up share capital

8

500

500

Revaluation reserve

9

141,803

141,803

Retained earnings

9

858,303

905,273

SHAREHOLDERS' FUNDS

1,000,606

1,047,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 4 May 2026 and were signed by:

N J Brown - Director

1.	STATUTORY INFORMATION

AJS 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Land & Property

-

10% on cost

Plant and machinery

-

20% on cost

Demo. motor cycles

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

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.

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 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Demo.

Land &

Plant and

motor

Property

machinery

cycles

£

£

£

COST OR VALUATION

At 1 November 2024

245,000

90,729

22,200

Additions

-

-

-

Disposals

-

(11,275

)

-

At 31 October 2025

245,000

79,454

22,200

DEPRECIATION

At 1 November 2024

13,139

80,917

21,181

Charge for year

6,553

2,854

583

Eliminated on disposal

-

(11,275

)

-

At 31 October 2025

19,692

72,496

21,764

NET BOOK VALUE

At 31 October 2025

225,308

6,958

436

At 31 October 2024

231,861

9,812

1,019

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

70,489

45,622

474,040

Additions

-

6,191

6,191

Disposals

-

(26,335

)

(37,610

)

At 31 October 2025

70,489

25,478

442,621

DEPRECIATION

At 1 November 2024

70,489

39,627

225,353

Charge for year

-

4,966

14,956

Eliminated on disposal

-

(26,335

)

(37,610

)

At 31 October 2025

70,489

18,258

202,699

NET BOOK VALUE

At 31 October 2025

-

7,220

239,922

At 31 October 2024

-

5,995

248,687

Cost or valuation at 31 October 2025 is represented by:

Freehold

Demo.

Land &

Plant and

motor

Property

machinery

cycles

£

£

£

Valuation in 2022

(3,799

)

-

-

Cost

248,799

79,454

22,200

245,000

79,454

22,200

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2022

-

-

(3,799

)

Cost

70,489

25,478

446,420

70,489

25,478

442,621

If the freehold land and building had not been revalued it would have been included at the following historical cost:

31.10.25

31.10.24

£

£

Cost

248,799

248,799

Aggregate depreciation

145,602

145,602

Value of land in freehold land and buildings

70,000

70,000

Freehold land and buildings were valued on an open market basis basis on 22 September 2022 by Symonds & Sampson LLP .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

28,895

29,035

Tax

6,777

6,777

Deferred tax asset

23,257

21,285

Prepayments and accrued income

48,177

63,835

107,106

120,932

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

32,359

49,687

Social security and other taxes

11,530

12,762

VAT

41,007

13,453

Other creditors & accruals

12,295

4,550

Accrued expenses

35,914

59,926

133,105

140,378

7.	DEFERRED TAX

£

Balance at 1 November 2024

(21,285

)

Credit to Income Statement during year

(1,972

)

Balance at 31 October 2025

(23,257

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

500

Ordinary

1

500

500

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 November 2024

905,273

141,803

1,047,076

Deficit for the year

(46,970

)

(46,970

)

At 31 October 2025

858,303

141,803

1,000,106

10.	CONTINGENT LIABILITIES

In 2021 a voluntary recall was made regarding problems with a specific motorcycle. Over 60% of these recalls have been completed and only a very small number were completed during the year to 31 October 2025. A full provision for potential costs of recall has been made in previous years but due to the declining rate of take-up, the provision has now been reduced to 50% of the remaining motorcycles which could be recalled, representing the best estimate of probable future claims based on current claim trends,

This leaves a contingent liability of £28,000 representing 50% of the full provision, where there is a possible claim which is not currently probable. This assessment is based on the low volume of claims received (a total of 15) in the year, compared to the total potential units. The ultimate liability is subject to uncertainty regarding the number of additional customers who may come forward before the recall program concludes.

11.	RELATED PARTY DISCLOSURES

The company was controlled throughout the year by the director, N J Brown who, together with his wife, owns 70% of the share capital of the company.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N J Brown.