D & B Motorcycles Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06644870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

D & B Motorcycles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D Olrog

B T McNamara

REGISTERED OFFICE:

101e High Street

Edgware

Middlesex

HA8 7DB

REGISTERED NUMBER:

06644870 (England and Wales)

CURRENT ASSETS

Stocks

124,188

102,007

Debtors

4

8,650

12,000

Cash at bank and in hand

5,106

2,965

137,944

116,972

CREDITORS

Amounts falling due within one year

5

45,108

59,981

NET CURRENT ASSETS

92,836

56,991

TOTAL ASSETS LESS CURRENT LIABILITIES

92,836

56,991

CREDITORS

Amounts falling due after more than one year

6

30,000

-

NET ASSETS

62,836

56,991

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,736

56,891

SHAREHOLDERS' FUNDS

62,836

56,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 28 July 2021 and were signed on its behalf by:

B T McNamara - Director

1.	STATUTORY INFORMATION

D & B 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.

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.

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

8,650

12,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

2,660

10,717

Trade creditors

13,570

16,218

Tax

1,372

4,388

Social security and other taxes

918

1,394

VAT

105

781

Directors' current accounts

24,694

24,694

Accrued expenses

1,789

1,789

45,108

59,981

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other loans - 2-5 years

30,000

-