REGISTERED NUMBER: 05319291 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

JIM AIM MOTORCYCLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Aim

A N Aim

I J Aim

J Botting

SECRETARY:

I J Aim

REGISTERED OFFICE:

144 Rayne Road

Braintree

Essex

CM7 2QS

REGISTERED NUMBER:

05319291 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

-

Intangible assets

4

-

108,873

Tangible assets

5

94,127

108,873

94,127

CURRENT ASSETS

987,353

Stocks

591,013

207,296

Debtors

6

119,542

596,288

Cash at bank and in hand

717,680

1,790,937

1,428,235

CREDITORS

873,264

Amounts falling due within one year

7

466,755

917,673

NET CURRENT ASSETS

961,480

1,026,546

TOTAL ASSETS LESS CURRENT LIABILITIES

1,055,607

CREDITORS

(9,167

)

Amounts falling due after more than one year

8

-

(8,058

)

PROVISIONS FOR LIABILITIES

(7,480

)

1,009,321

NET ASSETS

1,048,127

CAPITAL AND RESERVES

100

Called up share capital

100

1,009,221

Retained earnings

1,048,027

1,009,321

SHAREHOLDERS' FUNDS

1,048,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 September 2026 and were signed on its behalf by:

I J Aim - Director

A N Aim - Director

1.	STATUTORY INFORMATION

Jim Aim 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.

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

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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

Goodwill

Goodwill, being the amount paid in connection with the acquistion of a business in 2005, has been amortised evenly over its estimated useful life of 10 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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Long leasehold

-

in accordance with the property

Plant and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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 17 (2025 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

Goodwill

Website

£

£

£

COST

At 1 February 2025

and 31 January 2026

82,355

60,000

22,355

AMORTISATION

At 1 February 2025

and 31 January 2026

82,355

60,000

22,355

NET BOOK VALUE

At 31 January 2026

-

-

-

At 31 January 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Office

Totals

leasehold

equipment

vehicles

equipment

£

£

£

£

£

COST

At 1 February 2025

267,708

176,906

30,664

39,735

20,403

Additions

2,393

-

-

-

2,393

Disposals

(21,376

)

-

(6,704

)

(12,035

)

(2,637

)

At 31 January 2026

248,725

176,906

23,960

27,700

20,159

DEPRECIATION

At 1 February 2025

158,835

83,959

26,605

32,853

15,418

Charge for year

16,671

12,206

945

1,709

1,811

Eliminated on disposal

(20,908

)

-

(6,419

)

(11,985

)

(2,504

)

At 31 January 2026

154,598

96,165

21,131

22,577

14,725

NET BOOK VALUE

At 31 January 2026

94,127

80,741

2,829

5,123

5,434

At 31 January 2025

108,873

92,947

4,059

6,882

4,985

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

25,965

12,095

Other debtors

93,577

195,201

119,542

207,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

9,167

10,000

Trade creditors

265,601

679,746

Taxation and social security

53,176

77,690

Other creditors

138,811

105,828

466,755

873,264

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

9,167

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.26

31.1.25

£

£

Within one year

60,000

60,000

Between one and five years

240,000

240,000

In more than five years

50,000

110,000

350,000

410,000

The company has entered into a lease rental agreement for its business premises at an annual rental of £60,000. The lease expires in November 2031.