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REGISTERED NUMBER: 03711070 (England and Wales)















MOTORSAFE (HOLDINGS) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






MOTORSAFE (HOLDINGS) LIMITED (REGISTERED NUMBER: 03711070)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTORSAFE (HOLDINGS) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J E Jones
Miss A E Jones





SECRETARY: Mrs J E Jones





REGISTERED OFFICE: Michael Dufty Partnership
The Counting House
61 Charlotte Street
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 03711070 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MOTORSAFE (HOLDINGS) LIMITED (REGISTERED NUMBER: 03711070)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 144,110

CURRENT ASSETS
Debtors 5 41,082 45,785
Cash at bank 761,229 -
802,311 45,785
CREDITORS
Amounts falling due within one year 6 78,908 7,090
NET CURRENT ASSETS 723,403 38,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,403

182,805

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 723,303 182,705
SHAREHOLDERS' FUNDS 723,403 182,805

MOTORSAFE (HOLDINGS) LIMITED (REGISTERED NUMBER: 03711070)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 2023 and were signed on its behalf by:





Mrs J E Jones - Director


MOTORSAFE (HOLDINGS) LIMITED (REGISTERED NUMBER: 03711070)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Motorsafe (Holdings) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 2% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1 April 2022 233,690 2,232 235,922
Disposals (233,690 ) (2,232 ) (235,922 )
At 31 March 2023 - - -
DEPRECIATION
At 1 April 2022 89,580 2,232 91,812
Eliminated on disposal (89,580 ) (2,232 ) (91,812 )
At 31 March 2023 - - -
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 144,110 - 144,110

MOTORSAFE (HOLDINGS) LIMITED (REGISTERED NUMBER: 03711070)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 41,082 40,798
Prepayments - 4,987
41,082 45,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 40
Social security and other taxes 76,158 5,650
Accrued expenses 2,750 1,400
78,908 7,090

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the director, Mrs J E Jones, due to her majority shareholding of the ordinary share capital.