REGISTERED NUMBER: 06142734 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Flying Colours Motorcycle Training Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Richer-Friend

Mrs D M Wilde

REGISTERED OFFICE:

Andrew Friend

Cadet Centre

Latimer Road

Eastbourne

East Sussex

BN22 7BU

REGISTERED NUMBER:

06142734 (England and Wales)

ACCOUNTANTS:

SLP Advisory Limited

126 Wish Hill

Eastbourne

East Sussex

BN20 9HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

31,882

26,803

31,882

26,803

CURRENT ASSETS

Cash at bank

-

2,419

CREDITORS

Amounts falling due within one year

6

112,186

117,548

NET CURRENT LIABILITIES

(112,186

)

(115,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(80,304

)

(88,326

)

CREDITORS

Amounts falling due after more than one year

7

-

976

NET LIABILITIES

(80,304

)

(89,302

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(80,404

)

(89,402

)

SHAREHOLDERS' FUNDS

(80,304

)

(89,302

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Mr A Richer-Friend - Director

1.	STATUTORY INFORMATION

Flying Colours Motorcycle Training 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The directors have confirmed that they will continue to support the company for the foreseeable future, they therefore consider it appropriate to prepare the accounts on a going concern basis and have considered at least the next 12 months when assessing this.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

5,000

AMORTISATION

At 1 April 2025

and 31 March 2026

5,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

7,130

33,549

1,928

42,607

Additions

336

14,504

449

15,289

Disposals

-

(5,240

)

-

(5,240

)

At 31 March 2026

7,466

42,813

2,377

52,656

DEPRECIATION

At 1 April 2025

6,037

8,958

809

15,804

Charge for year

(1,585

)

6,704

710

5,829

Eliminated on disposal

-

(859

)

-

(859

)

At 31 March 2026

4,452

14,803

1,519

20,774

NET BOOK VALUE

At 31 March 2026

3,014

28,010

858

31,882

At 31 March 2025

1,093

24,591

1,119

26,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,827

-

Trade creditors

26

-

Taxation and social security

7,057

5,130

Other creditors

103,276

112,418

112,186

117,548

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

976

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

1

100

100

9.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £205 (2025 - £169) were payable to the fund at the balance sheet date and are included within creditors.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors due within one year are interest free loans owed to directors totalling £101,415 (2025- £96,866). These are repayable on demand.