1 April 2022 false No description of principal activity Taxfiler 2023.9.1 07701222business:PrivateLimitedCompanyLtd2022-04-012023-03-31 077012222022-03-31 077012222022-04-012023-03-31 07701222business:AuditExemptWithAccountantsReport2022-04-012023-03-31 07701222business:FilletedAccounts2022-04-012023-03-31 077012222023-03-31 077012222022-03-31 07701222core:WithinOneYear2023-03-31 07701222core:WithinOneYear2022-03-31 07701222core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07701222core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07701222core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07701222core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07701222core:PreviouslyStatedAmount2023-03-31 07701222core:PreviouslyStatedAmount2022-03-31 07701222business:SmallEntities2022-04-012023-03-31 07701222business:Director12022-04-012023-03-31 07701222countries:EnglandWales2022-04-012023-03-31 07701222business:RegisteredOffice2022-04-012023-03-31 07701222core:PlantMachinery2022-04-012023-03-31 07701222core:Goodwill2022-03-31 07701222core:Goodwill2023-03-31 07701222core:PlantMachinery2022-03-31 07701222core:MotorVehicles2022-03-31 07701222core:MotorVehicles2022-04-012023-03-31 07701222core:PlantMachinery2023-03-31 07701222core:MotorVehicles2023-03-31 07701222business:Director112022-04-012023-03-31 07701222business:Director112022-03-31 07701222business:Director112023-03-31 077012222021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07701222 (England and Wales)
Biggleswade MOT Centre Ltd Unaudited accounts for the year ended 31 March 2023
Biggleswade MOT Centre Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,494 
53,669 
Current assets
Inventories
28,560 
26,792 
Debtors
251,773 
249,104 
Cash at bank and in hand
400,387 
464,964 
680,720 
740,860 
Creditors: amounts falling due within one year
(230,402)
(176,212)
Net current assets
450,318 
564,648 
Total assets less current liabilities
496,812 
618,317 
Provisions for liabilities
Deferred tax
(8,108)
(9,385)
Net assets
488,704 
608,932 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
488,604 
608,832 
Shareholders' funds
488,704 
608,932 
For the year ending 31 March 2023 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 22 September 2023 and were signed on its behalf by
Mr C Waldock Director Company Registration No. 07701222
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Biggleswade MOT Centre Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Biggleswade MOT Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 07701222. The registered office is 119 Shortmead Street, Biggleswade, SG18 0BB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance / 33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Biggleswade MOT Centre Ltd Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
283,126 
At 31 March 2023
283,126 
Amortisation
At 1 April 2022
283,126 
At 31 March 2023
283,126 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
121,426 
30,445 
151,871 
Additions
6,714 
- 
6,714 
At 31 March 2023
128,140 
30,445 
158,585 
Depreciation
At 1 April 2022
85,297 
12,905 
98,202 
Charge for the year
9,504 
4,385 
13,889 
At 31 March 2023
94,801 
17,290 
112,091 
Net book value
At 31 March 2023
33,339 
13,155 
46,494 
At 31 March 2022
36,129 
17,540 
53,669 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,511 
51,674 
Other debtors
179,262 
197,430 
251,773 
249,104 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
84,361 
75,336 
Taxes and social security
141,812 
97,722 
Other creditors
4,229 
3,154 
230,402 
176,212 
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Biggleswade MOT Centre Ltd Notes to the Accounts for the year ended 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advanced in the year, interest charged at 2.00% pa.
146,138 
- 
20,569 
125,569 
146,138 
- 
20,569 
125,569 
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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