HBC Motorcycles Ltd - Limited company - abbreviated - 11.6

HBC Motorcycles Ltd - Limited company - abbreviated - 11.6

HBC MOTORCYCLES LIMITED - Company Information

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REGISTERED NUMBER: 03968262 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

HBC MOTORCYCLES LTD

HBC MOTORCYCLES LTD (REGISTERED NUMBER: 03968262)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

HBC MOTORCYCLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTORS: Mr S Powis
Mrs M Powis





SECRETARY: Mr S Powis





REGISTERED OFFICE: 2A Triumph Road
Nottingham
Nottinghamshire
NG7 2GA





REGISTERED NUMBER: 03968262 (England and Wales)





ACCOUNTANTS: Osbornes Tax And Advisory Limited
Harwood House
Park Road
Melton Mowbray
Leicestershire
LE13 1TX
Page 1
HBC MOTORCYCLES LTD (REGISTERED NUMBER: 03968262)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 5,922 6,356
5,922 6,356

CURRENT ASSETS
Stocks 384,772 379,653
Debtors 11,586 13,509
Cash in hand - 63
396,358 393,225
CREDITORS
Amounts falling due within one year 353,259 302,994
NET CURRENT ASSETS 43,099 90,231
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,021
96,587

CREDITORS
Amounts falling due after more than one
year
(43,550		 )
(64,240		 )

PROVISIONS FOR LIABILITIES (856 ) (1,343 )
NET ASSETS 4,615 31,004

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 4,613 31,002
SHAREHOLDERS' FUNDS 4,615 31,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 12 June 2015 and were signed on its behalf by:





Mr S Powis - Director


The notes form part of these abbreviated accounts

Page 2
HBC MOTORCYCLES LTD (REGISTERED NUMBER: 03968262)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

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

Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 6,000
AMORTISATION
At 1 October 2013
and 30 September 2014 6,000
NET BOOK VALUE

At 30 September 2014 -
At 30 September 2013 -

Page 3 continued...
HBC MOTORCYCLES LTD (REGISTERED NUMBER: 03968262)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 23,048
Additions 850
At 30 September 2014 23,898
DEPRECIATION
At 1 October 2013 16,692
Charge for year 1,284
At 30 September 2014 17,976
NET BOOK VALUE
At 30 September 2014 5,922
At 30 September 2013 6,356

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 4