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REGISTERED NUMBER: 09996932 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Adam'S Independent Mot Centre Bexhill
Ltd

Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adam'S Independent Mot Centre Bexhill
Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A P Flanagan





SECRETARY:





REGISTERED OFFICE: Unit 14 Beeching Park Industrial Estate
Wainwright Road
Bexhill-On-Sea
TN39 3UR





REGISTERED NUMBER: 09996932 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,662 28,326

CURRENT ASSETS
Debtors 5 2,479 16,470
Cash at bank and in hand 70,176 61,539
72,655 78,009
CREDITORS
Amounts falling due within one year 6 23,919 28,803
NET CURRENT ASSETS 48,736 49,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,398

77,532

CREDITORS
Amounts falling due after more than
one year

7

(8,736

)

(14,721

)

PROVISIONS FOR LIABILITIES (2,842 ) (3,552 )
NET ASSETS 59,820 59,259

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 59,710 59,149
SHAREHOLDERS' FUNDS 59,820 59,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)

Balance Sheet - continued
28 February 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 2 November 2023 and were signed by:





A P Flanagan - Director


Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Adam'S Independent Mot Centre Bexhill Ltd 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.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 29,641 28,499 1,382 59,522
DEPRECIATION
At 1 March 2022 21,436 8,740 1,020 31,196
Charge for year 1,641 3,951 72 5,664
At 28 February 2023 23,077 12,691 1,092 36,860
NET BOOK VALUE
At 28 February 2023 6,564 15,808 290 22,662
At 28 February 2022 8,205 19,759 362 28,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 1,457 15,103
VAT 912 1,257
Called up share capital not paid 110 110
2,479 16,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 1,550 -
Tax 20,312 22,266
Social security and other taxes - 767
Directors' loan accounts 593 4,310
Accrued expenses 1,464 1,460
23,919 28,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28/2/23 28/2/22
£    £   
Other loans - 1-2 years 8,736 14,721

Adam'S Independent Mot Centre Bexhill
Ltd (Registered number: 09996932)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, a loan as a directors loan account has been loaned to the company to set up the company.

There is no interest charged for the loan and the loan is to be repaid on demand.