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REGISTERED NUMBER: 09039104 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MURTS MOTOR CENTRE LIMITED

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)






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


MURTS MOTOR CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: S Murty
D R Murray
Mrs M L Murty
Mrs S M Murray





REGISTERED OFFICE: The Motor Centre
Sandbed
Hebden Bridge
West Yorkshire
HX7 6PT





REGISTERED NUMBER: 09039104 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,008 11,158
Tangible assets 5 9,416 10,289
15,424 21,447

CURRENT ASSETS
Stocks 13,975 13,675
Debtors 6 7,502 8,174
Cash at bank and in hand 66,750 71,236
88,227 93,085
CREDITORS
Amounts falling due within one year 7 68,387 68,063
NET CURRENT ASSETS 19,840 25,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,264

46,469

CREDITORS
Amounts falling due after more than
one year

8

(10,800

)

(10,800

)

PROVISIONS FOR LIABILITIES 9 (1,789 ) (1,955 )
NET ASSETS 22,675 33,714

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 22,475 33,514
SHAREHOLDERS' FUNDS 22,675 33,714

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.

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





D R Murray - Director


MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Murts Motor Centre 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - over 10 years
Fixtures and fittings - over 10 years
Motor vehicles - over 5 years
Computer equipment - over 4 years

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.

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 51,500
AMORTISATION
At 1 April 2022 40,342
Amortisation for year 5,150
At 31 March 2023 45,492
NET BOOK VALUE
At 31 March 2023 6,008
At 31 March 2022 11,158

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 13,303 2,440 9,060 4,452 29,255
Additions - - - 1,212 1,212
At 31 March 2023 13,303 2,440 9,060 5,664 30,467
DEPRECIATION
At 1 April 2022 6,557 76 9,057 3,276 18,966
Charge for year 1,330 244 - 511 2,085
At 31 March 2023 7,887 320 9,057 3,787 21,051
NET BOOK VALUE
At 31 March 2023 5,416 2,120 3 1,877 9,416
At 31 March 2022 6,746 2,364 3 1,176 10,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,666 4,542
Prepayments and accrued income 2,836 3,632
7,502 8,174

MURTS MOTOR CENTRE LIMITED (REGISTERED NUMBER: 09039104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,380 33,171
Tax 3,718 8,598
Social security and other taxes 3,172 2,892
VAT 12,117 12,395
Directors' current accounts 6,160 6,167
Accrued expenses 3,840 4,840
68,387 68,063

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts 10,800 10,800

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,789 1,955

Deferred
tax
£   
Balance at 1 April 2022 1,955
Credit to Income Statement during year (166 )
Balance at 31 March 2023 1,789

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
51 Ordinary B £1 51 51
49 Ordinary C £1 49 49
49 Ordinary D £1 49 49
200 200

11. RESERVES
Retained
earnings
£   

At 1 April 2022 33,514
Profit for the year 9,961
Dividends (21,000 )
At 31 March 2023 22,475