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REGISTERED NUMBER: 07385993 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Mak's MoT Centre Limited

Mak's MoT Centre Limited (Registered number: 07385993)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Mak's MoT Centre Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M A Kamora
Mrs M Kamora





SECRETARY:





REGISTERED OFFICE: 171 Jersey Road
Isleworth
Middlesex
TW7 4QJ





REGISTERED NUMBER: 07385993 (England and Wales)





ACCOUNTANTS: M S Aulak Bsc CIPFA FCCA
Chartered Certified Accountant
25 Coolgardie Avenue
Chigwell
Essex
IG7 5AX

Mak's MoT Centre Limited (Registered number: 07385993)

Report of the Directors
for the Year Ended 28 February 2023

The directors present their report with the financial statements of the company for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of MOT testing and vehicle repairs.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.

M A Kamora
Mrs M Kamora

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs M Kamora - Director


18 November 2023

Mak's MoT Centre Limited (Registered number: 07385993)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   

TURNOVER 424,669 319,191

Cost of sales 149,823 109,416
GROSS PROFIT 274,846 209,775

Distribution costs 83,976 89,570
Administrative expenses 126,447 104,302
210,423 193,872
64,423 15,903

Other operating income 70 7,719
OPERATING PROFIT 64,493 23,622


Interest payable and similar expenses 4 947 882
PROFIT BEFORE TAXATION 5 63,546 22,740

Tax on profit 6 12,899 5,011
PROFIT FOR THE FINANCIAL YEAR 50,647 17,729

Mak's MoT Centre Limited (Registered number: 07385993)

Other Comprehensive Income
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

PROFIT FOR THE YEAR 50,647 17,729


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

50,647

17,729

Mak's MoT Centre Limited (Registered number: 07385993)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 38,077 44,173

CURRENT ASSETS
Stocks 4,600 3,800
Debtors 9 41,386 28,428
Cash at bank and in hand 116,591 45,570
162,577 77,798
CREDITORS
Amounts falling due within one year 10 112,941 34,546
NET CURRENT ASSETS 49,636 43,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,713

87,425

CREDITORS
Amounts falling due after more than one year 11 22,141 32,500
NET ASSETS 65,572 54,925

CAPITAL AND RESERVES
Called up share capital 13 2 2
Retained earnings 14 65,570 54,923
SHAREHOLDERS' FUNDS 65,572 54,925

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 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.

Mak's MoT Centre Limited (Registered number: 07385993)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by:





M A Kamora - Director


Mak's MoT Centre Limited (Registered number: 07385993)

Statement of Changes in Equity
for the Year Ended 28 February 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 March 2021 2 77,194 77,196

Changes in equity
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 17,729 17,729
Balance at 28 February 2022 2 54,923 54,925

Changes in equity
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 50,647 50,647
Balance at 28 February 2023 2 65,570 65,572

Mak's MoT Centre Limited (Registered number: 07385993)

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

1. STATUTORY INFORMATION

Mak's MoT 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.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii),
B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;
the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;
the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS
16 Leases;
the requirements of paragraph 58 of IFRS 16;
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c),
120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraph 79(a)(iv) of IAS 1;
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
- paragraphs 76 and 79(d) of IAS 40 Investment Property; and
- paragraph 50 of IAS 41 Agriculture;
the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1
Presentation of Financial Statements;
the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements;
the requirements of IAS 7 Statement of Cash Flows;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and
Errors;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between
two or more members of a group;
the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - in accordance with the property
Improvements to property - 5% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Mak's MoT Centre Limited (Registered number: 07385993)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Employee benefit costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
28.2.23 28.2.22
£    £   
Wages and salaries 103,532 103,635
Social security costs 1,129 6,184
Other pension costs 1,061 1,605
105,722 111,424

The average number of employees during the year was as follows:
28.2.23 28.2.22

Office administration 1 1
Operatives 5 5
6 6

28.2.23 28.2.22
£    £   
Directors' remuneration 21,120 21,120

4. INTEREST PAYABLE AND SIMILAR EXPENSES
28.2.23 28.2.22
£    £   
Bank loan interest 947 882

5. PROFIT BEFORE TAXATION

The profit before taxation is stated after charging:
28.2.23 28.2.22
£    £   
Cost of inventories recognised as expense 149,823 109,416
Depreciation - owned assets 6,096 6,796
Loss on disposal of fixed assets - 1,016

Mak's MoT Centre Limited (Registered number: 07385993)

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

6. TAXATION

Analysis of tax expense
28.2.23 28.2.22
£    £   
Current tax:
Tax 12,899 5,011
Total tax expense in income statement 12,899 5,011

7. DIVIDENDS
28.2.23 28.2.22
£    £   
Ordinary shares of £1 each
Interim 40,000 40,000

8. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 March 2022
and 28 February 2023 2,819 18,444 68,909
DEPRECIATION
At 1 March 2022 2,068 13,530 38,663
Charge for year 188 1,230 3,025
At 28 February 2023 2,256 14,760 41,688
NET BOOK VALUE
At 28 February 2023 563 3,684 27,221
At 28 February 2022 751 4,914 30,246

Mak's MoT Centre Limited (Registered number: 07385993)

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

8. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 8,518 7,150 5,758 111,598
DEPRECIATION
At 1 March 2022 6,590 4,449 2,125 67,425
Charge for year 386 540 727 6,096
At 28 February 2023 6,976 4,989 2,852 73,521
NET BOOK VALUE
At 28 February 2023 1,542 2,161 2,906 38,077
At 28 February 2022 1,928 2,701 3,633 44,173

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 26,173 12,664
Other debtors 15,213 15,764
41,386 28,428

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 12) 10,359 10,000
Trade creditors 5,080 4,822
Net wages outstanding 2,887 1,704
Pension control account 229 -
Tax 12,899 5,012
Social security and other taxes 942 3,667
VAT 2,496 -
Directors' current accounts 53,953 7,459
Accrued expenses 24,096 1,882
112,941 34,546

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 12) 22,141 32,500

Mak's MoT Centre Limited (Registered number: 07385993)

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

12. FINANCIAL LIABILITIES - BORROWINGS

28.2.23 28.2.22
£    £   
Current:
Bank loans 10,359 10,000

Non-current:
Bank loans - 1-2 years 22,141 32,500

Terms and debt repayment schedule

1 year or
less 2-5 years Totals
£    £    £   
Bank loans 10,359 22,141 32,500

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

14. RESERVES
Retained
earnings
£   

At 1 March 2022 54,923
Profit for the year 50,647
Dividends (40,000 )
At 28 February 2023 65,570