REGISTERED NUMBER: 05282782 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2013

FOR

A & K MOTORCYCLES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A M Knowles

SECRETARY:

S D Knowles

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

05282782 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

BANKERS:

HSBC Bank Plc

15 Church Street

Rugby

Warwickshire

CV21 3PN

FIXED ASSETS

Intangible assets

2

-

31,050

Tangible assets

3

-

4,539

-

35,589

CURRENT ASSETS

Stocks

-

31,965

Debtors

903

1,953

Cash at bank

308

-

1,211

33,918

CREDITORS

Amounts falling due within one year

4

33,010

73,401

NET CURRENT LIABILITIES

(31,799

)

(39,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,799

)

(3,894

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(31,899

)

(3,994

)

SHAREHOLDERS' FUNDS

(31,799

)

(3,894

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9th October 2013 and were signed by:

A M Knowles - Director

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 2005, is being amortised evenly

over its estimated useful life.

Tangible fixed assets

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

Tools and equipment

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Office equipment

-

10% on cost

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.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the

profit and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2012

and 31st March 2013

106,000

AMORTISATION

At 1st April 2012

74,950

Amortisation for year

31,050

At 31st March 2013

106,000

NET BOOK VALUE

At 31st March 2013

-

At 31st March 2012

31,050

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2012

35,900

Disposals

(35,900

)

At 31st March 2013

-

DEPRECIATION

At 1st April 2012

31,361

Eliminated on disposal

(31,361

)

At 31st March 2013

-

NET BOOK VALUE

At 31st March 2013

-

At 31st March 2012

4,539

4.

CREDITORS

The following secured debts are included within creditors:

2013

2012

£

£

Bank overdrafts

28,297

17,829

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

6.	CESSATION OF TRADE

Due to ongoing financial difficulties, the company ceased to trade on 31st March 2013.