Company registration number:
10390846
Car and Van MOT Ltd
Unaudited filleted financial statements
28 February 2023
Car and Van MOT Ltd
Statement of financial position
28 February 2023
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
7,587 |
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5,791 |
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_______ |
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_______ |
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7,587 |
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5,791 |
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Current assets |
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Stocks |
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640 |
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360 |
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Debtors |
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6 |
4,871 |
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7,164 |
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Cash at bank and in hand |
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974 |
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131 |
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_______ |
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_______ |
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6,485 |
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7,655 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
8,903) |
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(
15,455) |
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_______ |
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_______ |
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Net current liabilities |
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(
2,418) |
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(
7,800) |
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_______ |
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_______ |
Total assets less current liabilities |
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5,169 |
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(
2,009) |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
3,914) |
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(
10,813) |
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_______ |
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_______ |
Net assets/(liabilities) |
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1,255 |
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(
12,822) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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1,254 |
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(
12,823) |
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_______ |
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_______ |
Shareholder funds/(deficit) |
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1,255 |
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(
12,822) |
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_______ |
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_______ |
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For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 October 2023
, and are signed on behalf of the board by:
Mr L P Sweeney
Director
Company registration number:
10390846
Car and Van MOT Ltd
Notes to the financial statements
Year ended 28 February 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 2 Ambleside Drive, Kirkby, Liverpool, L33 2EF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention
.
Turnover
Turnover represents the sales of goods and services provided to customers during the period, excluding VAT, wholly undertaken in the UK.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
25 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Pension payments represents contributions to a separate entity called NEST who administer these funds on behalf of each employee.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
1
).
5.
Tangible assets
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Fixtures, fittings and equipment |
Total |
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£ |
£ |
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Cost |
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At 1 March 2022 |
44,207 |
44,207 |
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Additions |
6,873 |
6,873 |
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_______ |
_______ |
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At 28 February 2023 |
51,080 |
51,080 |
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_______ |
_______ |
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Depreciation |
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At 1 March 2022 |
38,416 |
38,416 |
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Charge for the year |
5,077 |
5,077 |
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_______ |
_______ |
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At 28 February 2023 |
43,493 |
43,493 |
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_______ |
_______ |
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Carrying amount |
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At 28 February 2023 |
7,587 |
7,587 |
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_______ |
_______ |
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At 28 February 2022 |
5,791 |
5,791 |
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_______ |
_______ |
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6.
Debtors
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£ |
£ |
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Trade debtors |
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4,871 |
4,056 |
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Other debtors |
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- |
3,108 |
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_______ |
_______ |
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4,871 |
7,164 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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£ |
£ |
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Bank loans and overdrafts |
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2,058 |
2,058 |
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Trade creditors |
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1,375 |
496 |
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Social security and other taxes |
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1,325 |
22 |
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Other creditors |
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4,145 |
12,879 |
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_______ |
_______ |
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8,903 |
15,455 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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£ |
£ |
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Bank loans and overdrafts |
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3,914 |
8,891 |
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Other creditors |
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- |
1,922 |
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_______ |
_______ |
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3,914 |
10,813 |
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_______ |
_______ |
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