Company Registration No. SC598785 (Scotland)
Associated British Motorcycles Ltd
Unaudited accounts
for the year ended 31 March 2022
Associated British Motorcycles Ltd
Unaudited accounts
Contents
Associated British Motorcycles Ltd
Company Information
for the year ended 31 March 2022
Directors
.David Willis
.John J Murphy
Company Number
SC598785 (Scotland)
Registered Office
4A BURNFIELD AVENUE BURNFIELD AVENUE,
THORNLIEBANK
GLASGOW
Glasgow
G46 7TL
SCOTLAND
Associated British Motorcycles Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
51,019
65,123
Cash at bank and in hand
3,873
(204)
Creditors: amounts falling due within one year
68,612
39,839
Net current assets
75,046
42,710
Total assets less current liabilities
126,065
107,833
Creditors: amounts falling due after more than one year
(447,690)
(353,146)
Net liabilities
(321,625)
(245,313)
Called up share capital
(1)
(1)
Capital redemption reserve
25,104
25,104
Capital contribution reserve
(25,848)
(25,848)
Profit and loss account
(320,880)
(244,568)
Shareholders' funds
(321,625)
(245,313)
For the year ending 31 March 2022 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 13 September 2022 and were signed on its behalf by
.David Willis
Director
Company Registration No. SC598785
Associated British Motorcycles Ltd
Notes to the Accounts
for the year ended 31 March 2022
Associated British Motorcycles Ltd is a private company, limited by shares, registered in Scotland, registration number SC598785. The registered office is 4A BURNFIELD AVENUE BURNFIELD AVENUE, , THORNLIEBANK, GLASGOW, Glasgow, G46 7TL, SCOTLAND.
2
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:
Other tangible fixed assets
10%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
105,015
32,812
1,123
138,950
At 31 March 2022
105,015
32,812
1,123
138,950
At 1 April 2021
61,659
11,257
911
73,827
Charge for the year
8,672
5,389
43
14,104
At 31 March 2022
70,331
16,646
954
87,931
At 31 March 2022
34,684
16,166
169
51,019
At 31 March 2021
43,356
21,555
212
65,123
Associated British Motorcycles Ltd
Notes to the Accounts
for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022
2021
Other creditors
(64,080)
-
Loans from directors
-
(55,667)
6
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
18,955
Other creditors
407,084
284,191
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).