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REGISTERED NUMBER: 02161524 (England and Wales)












MOTABITZ ACCESSORIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)






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


MOTABITZ ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: G D Mason





SECRETARY: G D Mason





REGISTERED OFFICE: Hillview Business Centre
2 Leybourne Avenue
Bournemouth
BH10 6HF





REGISTERED NUMBER: 02161524 (England and Wales)





ACCOUNTANTS: Alan W. Simons & Co.
Chartered Accountants
Hillview Business Centre
2 Leybourne Avenue
Bournemouth
Dorset
BH10 6HF

MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,528 20,431

CURRENT ASSETS
Stocks 5 216,245 189,241
Debtors 6 25,608 22,016
Cash at bank and in hand 180,307 192,094
422,160 403,351
CREDITORS
Amounts falling due within one year 7 214,285 182,846
NET CURRENT ASSETS 207,875 220,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,403

240,936

CREDITORS
Amounts falling due after more than one
year

8

26,667

36,667
NET ASSETS 193,736 204,269

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Retained earnings 186,736 197,269
SHAREHOLDERS' FUNDS 193,736 204,269

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 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.

MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 24 October 2023 and were signed by:





G D Mason - Director


MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Motabitz Accessories 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the total amount received by the company for goods supplied and services provided excluding VAT and trade discounts.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - in accordance with the property
Improvements to property - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings
£    £    £   
COST
At 1 April 2022 16,500 35,567 53,726
Additions - - 500
At 31 March 2023 16,500 35,567 54,226
DEPRECIATION
At 1 April 2022 16,001 33,352 49,692
Charge for year 499 1,124 2,067
At 31 March 2023 16,500 34,476 51,759
NET BOOK VALUE
At 31 March 2023 - 1,091 2,467
At 31 March 2022 499 2,215 4,034

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 29,311 5,402 140,506
Additions - 163 663
At 31 March 2023 29,311 5,565 141,169
DEPRECIATION
At 1 April 2022 18,422 2,608 120,075
Charge for year 3,636 1,240 8,566
At 31 March 2023 22,058 3,848 128,641
NET BOOK VALUE
At 31 March 2023 7,253 1,717 12,528
At 31 March 2022 10,889 2,794 20,431


5. STOCKS
2023 2022
£    £   
Stocks 214,097 187,422
Non trading stock 2,148 1,819
216,245 189,241

MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,369 2,612
Other debtors 21,239 19,404
25,608 22,016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 110,377 101,095
Taxation and social security 39,263 38,999
Other creditors 54,645 32,752
214,285 182,846

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,667 36,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 38,000 34,750
Between one and five years 90,000 120,000
128,000 154,750

MOTABITZ ACCESSORIES LIMITED (REGISTERED NUMBER: 02161524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. RELATED PARTY DISCLOSURES

Included in other creditors is a directors loan due to G D Mason of £31,094.77 (2022 - £31,094.77).

The controlling party is G D Mason by virtue of their ownership of the issued share capital of the company.

From 31 March 2006, the company occupied premises owned by a pension scheme for the benefit of Mr G D Mason, director.

A normal commercial rent of £30,000 per annum is payable, and at the balance sheet date £nil was outstanding.