REGISTERED NUMBER: 05714810 (England and Wales)

LAMO'S MOTORCYCLES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P F Hammersley

SECRETARY:

Mrs V Hammersley

REGISTERED OFFICE:

The Showroom

Llandissilio

Clynderwen

Pembrokeshire

SA66 7TG

REGISTERED NUMBER:

05714810 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

52,690

54,510

52,690

54,510

CURRENT ASSETS

Stocks

343,725

307,939

Debtors

6

41,399

11,118

Cash at bank and in hand

642,284

604,471

1,027,408

923,528

CREDITORS

Amounts falling due within one year

7

99,567

67,549

NET CURRENT ASSETS

927,841

855,979

TOTAL ASSETS LESS CURRENT LIABILITIES

980,531

910,489

PROVISIONS FOR LIABILITIES

867

1,128

NET ASSETS

979,664

909,361

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

979,564

909,261

979,664

909,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 3 September 2026 and were signed by:

P F Hammersley - Director

1.	STATUTORY INFORMATION

Lamo's Motorcycles Ltd 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and Machinery

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% straight line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

20,000

AMORTISATION

At 1 March 2025

and 28 February 2026

20,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

Machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

41,128

7,148

37,290

166

85,732

Additions

-

647

-

641

1,288

At 28 February 2026

41,128

7,795

37,290

807

87,020

DEPRECIATION

At 1 March 2025

-

2,075

29,106

41

31,222

Charge for year

-

859

2,047

202

3,108

At 28 February 2026

-

2,934

31,153

243

34,330

NET BOOK VALUE

At 28 February 2026

41,128

4,861

6,137

564

52,690

At 28 February 2025

41,128

5,073

8,184

125

54,510

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

41,399

11,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

11,872

9,914

Taxation and social security

48,157

42,619

Other creditors

39,538

15,016

99,567

67,549

8.	RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £277 (2025 £69).