The Velocette Motor Cycle Company Limited

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

Registered number: 07405259

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		206,250		247,500
Tangible Assets	5		52,554		67,183

			258,804		314,683
CURRENT ASSETS
Stocks	6	140,000		195,000
Debtors	7	205,432		148,356
Cash at bank and in hand		639,085		543,094

		984,517		886,450
Creditors: Amounts Falling Due Within One Year	8	(92,849 )		(53,053 )

NET CURRENT ASSETS (LIABILITIES)			891,668		833,397

TOTAL ASSETS LESS CURRENT LIABILITIES			1,150,472		1,148,080

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,139 )		(16,796 )

NET ASSETS			1,137,333		1,131,284

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			1,137,133		1,131,084

SHAREHOLDERS' FUNDS			1,137,333		1,131,284

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The Velocette Motor Cycle Company Limited

Balance Sheet (continued)

As At 31 January 2026

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.

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

Mr D M Holder

Director

16th July 2026

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

1. General Information

The Velocette Motor Cycle Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07405259 . The registered office is Meriden Works, Birmingham Road, Millisons Wood, Coventry, CV5 9AZ.

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

The significant accounting policies applied in the preparation of the financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

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 VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of motorcycle spares is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on insert detail on dispatch of goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Goodwill is considered to be a long life asset by reference to the nature of the trading activities and the demand and market for vintage motorcycle products and the company's profitability maintained and increased indicating there is no short term impairment.

2.4. 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	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	33% On cost

2.5. Stocks and Work in Progress

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.6. Foreign Currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

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The Velocette Motor Cycle Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. 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: 11 (2025: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	825,000

As at 31 January 2026	825,000

Amortisation
As at 1 February 2025	577,500
Provided during the period	41,250

As at 31 January 2026	618,750

Net Book Value
As at 31 January 2026	206,250

As at 1 February 2025	247,500

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The Velocette Motor Cycle Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	165,414	22,985	3,097	37,857	229,353
Additions	-	-	-	2,600	2,600

As at 31 January 2026	165,414	22,985	3,097	40,457	231,953

Depreciation
As at 1 February 2025	99,707	21,509	3,097	37,857	162,170
Provided during the period	16,427	369	-	433	17,229

As at 31 January 2026	116,134	21,878	3,097	38,290	179,399

Net Book Value
As at 31 January 2026	49,280	1,107	-	2,167	52,554

As at 1 February 2025	65,707	1,476	-	-	67,183

6. Stocks

	2026	2025
	£	£
Stock	140,000	195,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	140,276	129,513
Other debtors	65,156	18,843

	205,432	148,356

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	39,931	28,826
Other creditors	14,654	21,274
Taxation and social security	38,264	2,953

	92,849	53,053

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100
100 Ordinary A shares of £ 1.00 each	100	100

	200	200

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