Company Registration No. 09105383 (England and Wales)
New City Motorcycles Ltd
Unaudited accounts
for the year ended 30 June 2026
New City Motorcycles Ltd
Statement of financial position
as at 30 June 2026
Tangible assets
104,283
34,503
Inventories
1,582,930
594,092
Cash at bank and in hand
27,784
783
Creditors: amounts falling due within one year
(1,186,769)
(482,114)
Net current assets
544,835
184,680
Total assets less current liabilities
649,118
219,183
Creditors: amounts falling due after more than one year
(250,150)
(55,085)
Provisions for liabilities
Deferred tax
(26,071)
(8,281)
Net assets
372,897
155,817
Called up share capital
149
149
Share premium
56,405
56,405
Profit and loss account
316,343
99,263
Shareholders' funds
372,897
155,817
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by
C Powell
Director
Company Registration No. 09105383
New City Motorcycles Ltd
Notes to the Accounts
for the year ended 30 June 2026
New City Motorcycles Ltd is a private company, limited by shares, registered in England and Wales, registration number 09105383. The registered office is New City Motorcycles Ltd, 8 Totman Crescent, Rayleigh, Essex, SS6 7UY, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
New City Motorcycles Ltd
Notes to the Accounts
for the year ended 30 June 2026
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2025
13,775
26,195
5,473
45,443
Additions
3,537
74,745
7,444
85,726
At 30 June 2026
17,312
100,940
12,917
131,169
At 1 July 2025
4,959
2,758
3,223
10,940
Charge for the year
2,114
11,527
2,305
15,946
At 30 June 2026
7,073
14,285
5,528
26,886
At 30 June 2026
10,239
86,655
7,389
104,283
At 30 June 2025
8,816
23,437
2,250
34,503
Amounts falling due within one year
Trade debtors
79,504
57,968
Accrued income and prepayments
25,711
1,372
Other debtors
15,675
12,579
New City Motorcycles Ltd
Notes to the Accounts
for the year ended 30 June 2026
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
880,613
344,733
Obligations under finance leases and hire purchase contracts
27,073
-
Trade creditors
50,000
30,193
Taxes and social security
117,954
40,157
Loans from directors
16,419
17,811
The Company has a loan under the Coronavirus Bounce Back Loan Scheme. A guarantee has been provided by the Secretary of State for Business, Energy and Industrial Strategy.
The Company also has stocking finance secured on individual motorcycles on hand.
The Company has further loans and financing which are secured by way of personal guarantees by the directors.
The bank overdraft is secured by way of personal guarantee by the directors.
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Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
30,780
-
The Company has further loans and financing which are secured by way of personal guarantees by the directors.
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Operating lease commitments
2026
2025
At 30 June 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,000
48,000
Later than one year and not later than five years
176,000
192,000
Later than five years
-
32,000
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Average number of employees
During the year the average number of employees was 18 (2025: 10).