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REGISTERED NUMBER: 07964568 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Moto Historics Ltd

Moto Historics Ltd (Registered number: 07964568)

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


Moto Historics Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: N H Medcalf





REGISTERED OFFICE: Unit 1
Silverglade Business Park
Chessington
Surrey
KT9 2QL





REGISTERED NUMBER: 07964568 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Moto Historics Ltd (Registered number: 07964568)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 324,888 295,576

CURRENT ASSETS
Stocks 60,000 50,000
Debtors 5 380,569 155,725
Cash at bank and in hand 129,922 121,968
570,491 327,693
CREDITORS
Amounts falling due within one year 6 (302,269 ) (132,346 )
NET CURRENT ASSETS 268,222 195,347
TOTAL ASSETS LESS CURRENT LIABILITIES 593,110 490,923

CREDITORS
Amounts falling due after more than one
year

7

(113,362

)

(147,485

)
NET ASSETS 479,748 343,438

CAPITAL AND RESERVES
Called up share capital 71 71
Retained earnings 479,677 343,367
SHAREHOLDERS' FUNDS 479,748 343,438

Moto Historics Ltd (Registered number: 07964568)

Balance Sheet - continued
28 February 2023


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.

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 10 November 2023 and were signed by:





N H Medcalf - Director


Moto Historics Ltd (Registered number: 07964568)

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


1. STATUTORY INFORMATION

Moto Historics 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Moto Historics Ltd (Registered number: 07964568)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 8,118 352,114 360,232
Additions - 34,733 34,733
At 28 February 2023 8,118 386,847 394,965
DEPRECIATION
At 1 March 2022 4,736 59,920 64,656
Charge for year 810 4,611 5,421
At 28 February 2023 5,546 64,531 70,077
NET BOOK VALUE
At 28 February 2023 2,572 322,316 324,888
At 28 February 2022 3,382 292,194 295,576

Moto Historics Ltd (Registered number: 07964568)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 40,500
Transfer to ownership (40,500 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 4,219
Transfer to ownership (4,219 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 36,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 287,497 95,206
Other debtors 93,072 60,519
380,569 155,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,917 36,917
Hire purchase contracts - 5,271
Trade creditors 168,713 63,088
Taxation and social security 70,095 17,786
Other creditors 26,544 9,284
302,269 132,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 113,362 147,485